Beacon Roofing Supply (BECN) Set to Announce Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Beacon Roofing Supply to post earnings of $0.37 per share for the quarter. Parties that are 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 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.22). Beacon Roofing Supply had a net margin of 4.74% and a return on equity of 26.95%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $1.18 EPS. Beacon Roofing Supply’s revenue for the quarter was up 16.8% on a year-over-year basis. 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 Up 0.3 %

NASDAQ BECN traded up $0.34 during trading on Tuesday, hitting $99.34. 16,784 shares of the company’s stock traded hands, compared to its average volume of 695,101. The stock has a fifty day moving average of $92.87 and a two-hundred day moving average of $85.43. Beacon Roofing Supply has a 12-month low of $57.01 and a 12-month high of $102.83. The firm has a market cap of $6.30 billion, a P/E ratio of -210.64 and a beta of 1.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.85 and a quick ratio of 1.06.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. William Blair raised Beacon Roofing Supply from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets upped their price target on shares of Beacon Roofing Supply from $95.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. StockNews.com raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird upgraded Beacon Roofing Supply from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $99.00 to $115.00 in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Beacon Roofing Supply from $103.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

About Beacon Roofing Supply

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.