Beacon Roofing Supply (BECN) to Release Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Beacon Roofing Supply to post earnings of $0.37 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Tuesday, February 27th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.22). Beacon Roofing Supply had a return on equity of 26.95% and a net margin of 4.74%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $1.18 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts expect Beacon Roofing Supply to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Beacon Roofing Supply Trading Down 0.3 %

BECN opened at $97.21 on Thursday. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of -206.83 and a beta of 1.63. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.30. Beacon Roofing Supply has a twelve month low of $56.94 and a twelve month high of $102.83. The company has a 50-day simple moving average of $91.91 and a 200 day simple moving average of $84.82.

Wall Street Analyst Weigh In

BECN has been the subject of a number of recent analyst reports. William Blair raised shares of Beacon Roofing Supply from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. StockNews.com raised Beacon Roofing Supply from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Loop Capital boosted their price target on Beacon Roofing Supply from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, April 1st. TheStreet raised Beacon Roofing Supply from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. Finally, Benchmark initiated coverage on Beacon Roofing Supply in a research report on Thursday, April 18th. They issued a “buy” rating and a $135.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.92.

Insiders Place Their Bets

In related news, EVP Christopher Carl Nelson sold 3,268 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $93.87, for a total value of $306,767.16. Following the completion of the sale, the executive vice president now directly owns 176 shares of the company’s stock, valued at approximately $16,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Christopher Carl Nelson sold 3,268 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $93.87, for a total value of $306,767.16. Following the transaction, the executive vice president now owns 176 shares of the company’s stock, valued at approximately $16,521.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason L. Taylor sold 1,805 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $95.00, for a total value of $171,475.00. Following the sale, the insider now owns 10,531 shares of the company’s stock, valued at approximately $1,000,445. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.