Beacon Roofing Supply (NASDAQ:BECN) posted its earnings results on Thursday. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.54 by $0.14, Bloomberg Earnings reports. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Beacon Roofing Supply updated its FY18 guidance to $3.40-3.70 EPS.
Shares of Beacon Roofing Supply (NASDAQ:BECN) traded down $3.06 on Thursday, hitting $55.09. The stock had a trading volume of 1,105,233 shares, compared to its average volume of 671,138. Beacon Roofing Supply has a 52 week low of $39.57 and a 52 week 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 company has a market capitalization of $4,021.03, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35.
In other news, CEO Paul Isabella sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 172,046 shares in the company, valued at $10,420,826.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total value of $119,500.00. Following 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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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.
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