Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.47), Zacks reports. Beacon Roofing Supply had a return on equity of 25.83% and a net margin of 4.11%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company earned $2.66 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Beacon Roofing Supply updated its FY 2024 guidance to EPS.
Beacon Roofing Supply Trading Down 13.1 %
BECN stock opened at $85.40 on Friday. Beacon Roofing Supply has a one year low of $68.50 and a one year high of $105.42. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of -135.56 and a beta of 1.58. The company has a fifty day moving average price of $95.34 and a two-hundred day moving average price of $92.72. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.87 and a quick ratio of 1.02.
Insider Activity
In related news, EVP Christopher Carl Nelson sold 2,955 shares of Beacon Roofing Supply stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $91.11, for a total transaction of $269,230.05. Following the completion of the sale, the executive vice president now owns 320 shares of the company’s stock, valued at approximately $29,155.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
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Beacon Roofing Supply Company Profile
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.
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