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.
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.
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