Beacon Roofing Supply (NASDAQ:BECN) released its earnings results on Monday. The company reported $1.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.17), RTT News reports. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. Beacon Roofing Supply had a return on equity of 9.63% and a net margin of 0.15%. Beacon Roofing Supply’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS.
BECN stock opened at $33.37 on Tuesday. The company has a market capitalization of $2.31 billion, a PE ratio of 12.36, a P/E/G ratio of 1.17 and a beta of 1.39. Beacon Roofing Supply has a 12 month low of $26.50 and a 12 month high of $40.00. The firm’s 50-day moving average is $32.64 and its 200 day moving average is $34.01. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.07 and a quick ratio of 1.17.
In related news, major shareholder Cd&R Investment Associates Ix, purchased 3,207,200 shares of Beacon Roofing Supply stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average price of $32.08 per share, with a total value of $102,886,976.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.
About Beacon Roofing Supply
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.
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