Beacon Roofing Supply Reports Fourth Quarter and Fiscal Year 2018 Results
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November 20, 2018 12:00 PM EST
Evercore ISI analyst Stephen Kim downgraded Beacon Roofing Supply (NASDAQ: BECN) from Outperform to In Line.
For an analyst ratings summary and ratings history on Beacon Roofing Supply click here. For more ratings news on Beacon Roofing Supply click here.
Shares of Beacon Roofing Supply closed at $27.77 yesterday.
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November 20, 2018 8:02 AM EST
Wedbush analyst Jay McCanless lowered the price target on Beacon Roofing Supply (NASDAQ: BECN) to $30.00 (from $50.00) while maintaining a Outperform rating.
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November 19, 2018 4:02 PM EST
Beacon Roofing Supply (NASDAQ: BECN) reported Q4 EPS of $1.07, $0.29 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $2.01 billion.
Record fourth quarter net sales of $1.9 billion (50% growth year-over-year)Fourth quarter gross margins expanded by 40 bps vs. prior year to 25.4%; favorable price-cost performance for the 2nd consecutive quarterFourth quarter EPS of $0.54 vs. $0.73 in the prior year; Adjusted EPS of $1.07 vs. $1.06...
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