Beacon Roofing sees FY EPS unchanged from prior view, consensus $1.73 Says believes EPS will be in the lower portion of the current analyst range of $1.67-$1.94. Sees FY organic sales up in the 5%-10% range. Sees FY operating income in stated range of 6%-8%. Comments made on the Q1 earnings conference call.
Beacon Roofing reports Q4 EPS 48c, consensus 62c Reports Q4 revenue $726.5M, consensus $730.16M. During the fourth quarter, the company incurred increased operating expenses of $6.1M related to new stores as the company continued to expand its footprint in existing and new markets.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Beacon Roofing (BECN) downgraded to Hold from Buy at KeyBanc... BlackBerry (BBRY) downgraded to Underweight from Equal Weight at Morgan Stanley... Consolidated Edison (ED) downgraded to Sell from Neutral at UBS... Denbury Resources (DNR) downgraded to Hold from Buy at Wunderlich... Synchronoss (SNCR) downgraded to Underperform from Neutral at RW Baird... Total System (TSS) downgraded to Sell from Neutral at Goldman... Movado (MOV) downgraded to Market Perform from Outperform at Barrington... Transocean Partners (RIGP) downgraded to Market Perform from Outperform at Wells Fargo... Seadrill Partners (SDLP) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Neutral from Buy at UBS.