Beacon Roofing Supply (NASDAQ:BECN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.40-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.19. The company issued revenue guidance of $6.6-6.9 billion, compared to the consensus revenue estimate of $6.73 billion.
Shares of Beacon Roofing Supply (NASDAQ BECN) traded down $3.06 during trading on Thursday, reaching $55.09. 1,105,233 shares of the company’s stock traded hands, compared to its average volume of 671,138. Beacon Roofing Supply has a twelve month low of $39.57 and a twelve month high of $66.47. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. The firm has a market cap of $4,021.03, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35.
Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.14. Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The business’s revenue was up 12.0% on a year-over-year basis. equities analysts forecast that Beacon Roofing Supply will post 3.19 EPS for the current year.
In related news, EVP Ross D. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 directly owns 7,056 shares in the company, valued at approximately $421,596. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul Isabella sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the transaction, the chief executive officer now owns 172,046 shares of the company’s stock, valued at $10,420,826.22. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.
About Beacon Roofing Supply
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.
Receive News & Ratings for Beacon Roofing Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Roofing Supply and related companies with MarketBeat.com's FREE daily email newsletter.