Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) issued its earnings results on Thursday. The company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.80), Briefing.com reports. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Beacon Roofing Supply had a return on equity of 26.39% and a net margin of 4.47%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. Beacon Roofing Supply updated its FY 2024 guidance to EPS.
Beacon Roofing Supply Price Performance
Shares of NASDAQ BECN traded down $4.53 during trading on Thursday, hitting $98.27. The company had a trading volume of 974,451 shares, compared to its average volume of 697,881. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of -155.98 and a beta of 1.58. The stock has a fifty day simple moving average of $95.51 and a two-hundred day simple moving average of $92.67. The company has a quick ratio of 1.02, a current ratio of 1.87 and a debt-to-equity ratio of 1.47. Beacon Roofing Supply has a fifty-two week low of $68.50 and a fifty-two week high of $105.42.
Insider Buying and Selling
In other news, EVP Christopher Carl Nelson sold 2,955 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $91.11, for a total value of $269,230.05. Following the transaction, the executive vice president now owns 320 shares in the company, valued at $29,155.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on Beacon Roofing Supply
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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