News coverage about Beacon Roofing Supply (NASDAQ:BECN) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Beacon Roofing Supply earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.0806723946463 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several analysts have issued reports on BECN shares. BidaskClub downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Wells Fargo & Co started coverage on shares of Beacon Roofing Supply in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of Beacon Roofing Supply in a research report on Tuesday, October 10th. SunTrust Banks reissued a “buy” rating and issued a $55.00 price objective on shares of Beacon Roofing Supply in a research report on Monday, October 2nd. Finally, Wedbush reissued a “neutral” rating and issued a $46.00 price objective (down previously from $52.00) on shares of Beacon Roofing Supply in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.82.

Beacon Roofing Supply (BECN) traded down $0.36 during trading hours on Tuesday, hitting $61.73. 331,808 shares of the stock were exchanged, compared to its average volume of 601,599. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4,180.00, a price-to-earnings ratio of 37.64, a PEG ratio of 1.31 and a beta of 1.49. Beacon Roofing Supply has a twelve month low of $39.57 and a twelve month high of $66.47.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. equities analysts expect that Beacon Roofing Supply will post 3.19 earnings per share for the current year.

In related news, EVP Ross D. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total transaction of $119,500.00. Following the completion of the transaction, the executive vice president now owns 7,056 shares of the company’s stock, valued at $421,596. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul Isabella sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the transaction, the chief executive officer now directly owns 172,046 shares of the company’s stock, valued at approximately $10,420,826.22. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.

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About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

Insider Buying and Selling by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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