Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Analysts at Seaport Global Securities upped their Q4 2018 earnings per share estimates for Beacon Roofing Supply in a report released on Tuesday, May 8th, according to Zacks Investment Research. Seaport Global Securities analyst M. Mccall now anticipates that the company will post earnings of $1.54 per share for the quarter, up from their prior estimate of $1.45.
Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Tuesday, May 8th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.26). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Beacon Roofing Supply had a return on equity of 8.11% and a net margin of 1.80%. The business’s revenue was up 64.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share.
A number of other brokerages have also issued reports on BECN. Zacks Investment Research lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 22nd. BidaskClub lowered Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Royal Bank of Canada set a $66.00 price objective on Beacon Roofing Supply and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup lowered their price objective on Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, Wedbush reissued an “outperform” rating and set a $52.00 price objective (down previously from $70.00) on shares of Beacon Roofing Supply in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Beacon Roofing Supply currently has a consensus rating of “Hold” and an average price target of $63.30.
Shares of NASDAQ:BECN opened at $39.83 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 1.13 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $2.69 billion, a PE ratio of 18.27, a PEG ratio of 0.38 and a beta of 1.40. Beacon Roofing Supply has a 1 year low of $38.96 and a 1 year high of $40.49.
A number of large investors have recently bought and sold shares of BECN. We Are One Seven LLC raised its position in Beacon Roofing Supply by 194.6% in the first quarter. We Are One Seven LLC now owns 1,918 shares of the company’s stock valued at $102,000 after purchasing an additional 1,267 shares during the period. Cerebellum GP LLC purchased a new stake in Beacon Roofing Supply in the fourth quarter valued at $130,000. Macquarie Group Ltd. purchased a new stake in Beacon Roofing Supply in the fourth quarter valued at $147,000. CAPROCK Group Inc. purchased a new stake in Beacon Roofing Supply in the fourth quarter valued at $212,000. Finally, GSA Capital Partners LLP purchased a new stake in Beacon Roofing Supply in the third quarter valued at $214,000.
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.
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