Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Analysts at Wedbush issued their Q2 2018 earnings per share (EPS) estimates for Beacon Roofing Supply in a research report issued on Tuesday. Wedbush analyst J. Mccanless anticipates that the company will post earnings of ($0.06) per share for the quarter. Wedbush currently has a “Outperform” rating and a $52.00 target price on the stock. Wedbush also issued estimates for Beacon Roofing Supply’s Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at $1.52 EPS, Q1 2019 earnings at $0.90 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.87 EPS and FY2019 earnings at $4.49 EPS.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.14. Beacon Roofing Supply had a return on equity of 9.60% and a net margin of 3.29%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s revenue was up 12.0% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. SunTrust Banks upped their target price on Beacon Roofing Supply to $62.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. BidaskClub upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Jefferies Group restated a “buy” rating and set a $73.00 target price on shares of Beacon Roofing Supply in a research report on Wednesday, January 17th. Zacks Investment Research upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada set a $66.00 target price on Beacon Roofing Supply and gave the company a “buy” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.45.

Shares of Beacon Roofing Supply (BECN) opened at $54.14 on Thursday. Beacon Roofing Supply has a 52-week low of $39.57 and a 52-week high of $66.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.60 and a quick ratio of 1.35. The company has a market capitalization of $3,701.85, a PE ratio of 22.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35.

Several institutional investors have recently modified their holdings of BECN. UBS Asset Management Americas Inc. raised its stake in shares of Beacon Roofing Supply by 1.4% in the second quarter. UBS Asset Management Americas Inc. now owns 29,235 shares of the company’s stock worth $1,433,000 after purchasing an additional 395 shares during the last quarter. Advisor Group Inc. increased its position in shares of Beacon Roofing Supply by 8.9% during the second quarter. Advisor Group Inc. now owns 3,877 shares of the company’s stock valued at $190,000 after acquiring an additional 316 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Beacon Roofing Supply by 5.8% during the second quarter. Parametric Portfolio Associates LLC now owns 115,779 shares of the company’s stock valued at $5,673,000 after acquiring an additional 6,324 shares during the last quarter. State Street Corp increased its position in shares of Beacon Roofing Supply by 6.8% during the second quarter. State Street Corp now owns 1,191,496 shares of the company’s stock valued at $58,385,000 after acquiring an additional 75,732 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Beacon Roofing Supply by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 46,427 shares of the company’s stock valued at $2,275,000 after acquiring an additional 517 shares during the last quarter. 99.69% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Paul Isabella sold 40,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $60.57, for a total value of $2,422,800.00. Following the completion of the sale, the chief executive officer now directly owns 172,046 shares of the company’s stock, valued at $10,420,826.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ross D. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total value of $119,500.00. Following the completion of the sale, the executive vice president now directly owns 7,056 shares of the company’s stock, valued at $421,596. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.

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Beacon Roofing Supply Company Profile

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.

Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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