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Stock Market & Financial Investment News

News Breaks
November 26, 2013
10:14 EDTBECNBeacon Roofing sees FY14 EPS towards lower end of current published range
FY14 EPS consensus $1.89. Expects FY14 organic sales growth in 5%-10% range. FY14 revenue consensus $2.41B. The company says it is difficult to tell how severe the winter will be and how much storm value will add to the projected EPS range and impact FY14. The company says it is "difficult" to say in November how severe the winter will be and how much storm value will impact the year. Says FY range for gross margins has not changed at 22.5%-24%. Says still very active in the acquisition market. Says has the capital structure and operational strengths to do multiple deals, says continues to talk to numerous companies. Says October sales were "very strong" with total growth of 18.3%, organic growth of around 11%. Guidance from Q4 earnings conference call
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April 15, 2014
06:29 EDTBECNBeacon Roofing upgraded to Buy from Neutral at SunTrust
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