Beacon Roofing Supply, Inc. Forecasted to Post Q4 2018 Earnings of $1.58 Per Share (BECN)

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Analysts at William Blair boosted their Q4 2018 EPS estimates for Beacon Roofing Supply in a report released on Thursday. William Blair analyst R. Merkel now forecasts that the company will post earnings of $1.58 per share for the quarter, up from their previous estimate of $1.38.

Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Thursday, February 8th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.14. Beacon Roofing Supply had a net margin of 3.29% and a return on equity of 10.15%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada set a $66.00 target price on shares of Beacon Roofing Supply and gave the stock a “buy” rating in a research report on Friday. Citigroup dropped their target price on shares of Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday. BidaskClub cut shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, January 23rd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Beacon Roofing Supply in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.91.

Shares of Beacon Roofing Supply (NASDAQ BECN) opened at $55.07 on Monday. Beacon Roofing Supply has a 12-month low of $39.57 and a 12-month high of $66.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.06 and a quick ratio of 1.35. The company has a market cap of $3,745.38, a PE ratio of 22.85, a PEG ratio of 1.03 and a beta of 1.35.

Institutional investors have recently modified their holdings of the stock. Zions Bancorporation bought a new position in shares of Beacon Roofing Supply in the 3rd quarter worth about $124,000. Cerebellum GP LLC bought a new position in shares of Beacon Roofing Supply in the 4th quarter worth about $130,000. Advisor Group Inc. increased its stake in shares of Beacon Roofing Supply by 8.9% in the 2nd quarter. Advisor Group Inc. now owns 3,877 shares of the company’s stock worth $190,000 after acquiring an additional 316 shares in the last quarter. Keybank National Association OH bought a new position in shares of Beacon Roofing Supply in the 3rd quarter worth about $210,000. Finally, CAPROCK Group Inc. bought a new position in shares of Beacon Roofing Supply in the 4th quarter worth about $212,000. Institutional investors own 99.69% of the company’s stock.

In related news, CEO Paul Isabella sold 40,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the completion of the transaction, the chief executive officer now directly owns 172,046 shares in the company, valued at approximately $10,420,826.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total transaction of $119,500.00. Following the completion of the transaction, the executive vice president now owns 7,056 shares of the company’s stock, valued at $421,596. The disclosure for this sale can be found here. 0.77% of the stock is owned by company insiders.

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Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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