Beacon Roofing Supply, Inc. (BECN) Receives Average Rating of “Hold” from Analysts
Beacon Roofing Supply, Inc. (NASDAQ:BECN) has been assigned a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.93.
BECN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, February 4th. Buckingham Research decreased their price objective on shares of Beacon Roofing Supply from $38.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 26th. ValuEngine raised shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Royal Bank of Canada set a $35.00 price objective on shares of Beacon Roofing Supply and gave the company a “hold” rating in a report on Tuesday, March 26th. Finally, BidaskClub downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 9th.
In other Beacon Roofing Supply news, major shareholder Cd&R Investment Associates Ix, bought 5,609,763 shares of Beacon Roofing Supply stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $33.31 per share, for a total transaction of $186,861,205.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO C Eric Swank sold 5,250 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $38.14, for a total transaction of $200,235.00. Following the completion of the sale, the chief operating officer now owns 34,949 shares of the company’s stock, valued at $1,332,954.86. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Shares of BECN stock traded down $0.24 during trading hours on Friday, hitting $35.70. The company’s stock had a trading volume of 8,541 shares, compared to its average volume of 752,922. The company has a market capitalization of $2.46 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.27 and a quick ratio of 1.22. Beacon Roofing Supply has a 12-month low of $24.97 and a 12-month high of $46.26.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.06. Beacon Roofing Supply had a net margin of 0.41% and a return on equity of 10.76%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Beacon Roofing Supply will post 2.93 earnings per share for the current year.
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.
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