Beacon Roofing Supply (NASDAQ:BECN – Get Rating) is scheduled to release its earnings data after the market close on Thursday, May 4th. Analysts expect Beacon Roofing Supply to report earnings of $0.62 per share for the quarter. Those interested in the Company’s earnings conference call can do so through this link.
Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $1.22 per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company made $1.97 billion in revenue for the quarter, compared to analysts’ expectations of $1.98 billion. Beacon Roofing Supply had a return on equity of 30.06% and a net margin of 5.44%. On average, analysts expect Beacon Roofing Supply to post earnings per share of $6 for the current fiscal year and $7 for the next fiscal year.
Beacon roofing supply stock down 2.2%
BECN opened at $57.24 on Thursday. The company has a gearing ratio of 1.01, a current ratio of 2.03 and a quick ratio of 1.08. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 10.29 and a beta of 1.57. The company has a 50-day moving average of $59.87 and a two-hundred-day moving average of $57.52. Beacon Roofing Supply has a 12-month low of $45.71 and a 12-month high of $68.31.
Wall Street analysts forecast growth
Several equity analysts recently rated BECN stock. Zelman & Associates downgraded Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Friday, March 10. Deutsche Bank Aktiengesellschaft has raised its price target on Beacon Roofing Supply to $85.00 from $81.00 and issued a research note on Monday, February 27th with a “buy” rating of the company. Robert W. Baird raised his price target for Beacon Roofing Supply to $76.00 from $65.00 and gave the company a neutral rating in a research note on Monday, February 27. Stephens raised its price target for Beacon Roofing Supply to $73.00 from $65.00 and rated the company as “break even” in a research note on Monday, February 27. Finally, on Thursday, March 16th, StockNews.com began reporting on Beacon Roofing Supply in a research note. They gave the stock a “hold” rating. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Beacon Roofing Supply has a consensus rating of Hold and a consensus price target of $70.57.
Insider activity at Beacon Roofing Supply
In other news from Beacon Roofing Supply, major shareholder Cd&R Investment Associates Ix bought 107,185 shares of the company’s stock in one transaction on Monday, Jan. 30. The shares were purchased at an average price of $55.98 per share for a total value of $6,000,216.30. Following the transaction, the insider now directly owns 15,072,084 shares of the company’s stock valued at approximately $843,735,262.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the shares are currently owned by company insiders.
Institutional trading in Beacon Roofing Supply
Institutional investors have recently added to or reduced their holdings in the stock. Advisor Group Holdings Inc. increased its stake in Beacon Roofing Supply by 37.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company’s stock valued at $65,000 after purchasing an additional 300 shares last quarter. The State of Wyoming acquired a new $131,000 stake in Beacon Roofing Supply during the fourth quarter. Baird Financial Group Inc. acquired a new $209,000 stake in Beacon Roofing Supply during the first quarter. PFS Investments Inc. acquired a new $211,000 stake in Beacon Roofing Supply during the first quarter. Finally, First Republic Investment Management Inc. acquired a new $211,000 stake in Beacon Roofing Supply during the first quarter.
About Beacon Roofing Supply
Beacon Roofing Supply, Inc is engaged in the distribution of roofing materials for residential and non-residential buildings. It also sells ancillary building products, including siding, windows, specialty exterior building products, insulation and waterproofing systems for the exterior of buildings. The company was incorporated on August 22, 1997 and is headquartered in Herndon, VA.
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