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Stock analysts expect Beacon Roofing Supply, Inc. (NASDAQ: BECN) to generate earnings per quarter for the current quarter Stock (EPS) will announce $ 0.61, Zacks reports. Seven analysts have released estimates for Beacon Roofing Supply’s earnings, with the lowest EPS estimate being $ 0.48 and the highest being $ 0.66. Beacon Roofing Supply reported earnings per share of $ 0.32 for the same quarter last year, representing a positive growth rate of 90.6% year over year. The company is expected to release its next earnings report on Monday, February 1st.
On average, analysts expect Beacon Roofing Supply to post annual earnings of $ 2.97 per share for the current fiscal year, with EPS- Estimates range between $ 2.72 and $ 3.56. For the next year, analysts are forecasting earnings of $ 3.39 per share, with EPS estimates ranging between $ 3.10 and $ 4.03. Zacks’ EPS averages are based on a survey of analysts involved in Beacon Roofing Supply.
Beacon Roofing Supply (NASDAQ: BECN) last released its quarterly results on Wednesday, November 18th. The company reported earnings of $ 1.32 per share for the quarter, beating analysts’ consensus estimate of $ 0.99 by $ 0.33. The company had revenue of $ 2.02 billion for the quarter, compared to the consensus estimate of $ 2.02 billion. Beacon Roofing Supply achieved a positive return on equity of 10.89% and a negative net margin of 1.16%. For the same quarter last year, the company had earnings per share of $ 1.04.
Recently, several equity analysts rated the BECN share. ValuEngine downgraded the Beacon Roofing Supply from a « sell » rating to a « strong sell » rating in a research report on Friday November 27th. Loop Capital raised its target price on Beacon Roofing Supply from $ 42.00 to $ 46.00 and rated the company a « Buy » in a report on Friday, November 20. Deutsche Bank Aktiengesellschaft raised its target price for Beacon Roofing Supply from USD 41.00 to USD 44.00 in a report on Tuesday, December 22nd. Jefferies Financial Group upgraded Beacon Roofing Supply from a « Hold » rating to a « Buy » rating in a report on Wednesday, October 14, and raised its price target for the company from $ 33.00 to $ 44.00 raised. Finally, Robert W. Baird raised his target price on Beacon Roofing Supply from $ 43.00 to $ 48.00 and rated the company as « Outperform » in a report on Friday, November 20. Three investment analysts have rated the stock with a sell rating, five with a hold rating, seven with a buy rating and one with a strong buy rating. Beacon Roofing Supply currently has a consensus rating of « Hold » and an average price target of $ 32.81 (adsbygoogle = window.adsbygoogle || []). Push ({});
NASDAQ BECN opened at $ 42.21 on Monday. The company has a market cap of $ 2.91 billion, a PE ratio of -25.58, and a beta of 1.97. The company has a leverage ratio of 1.56, a fast rate of 1.25, and a current rate of 1.82. The company’s 50-day moving average is $ 38.88 and the 200-day moving average is $ 33.21. Beacon Roofing Supply has a fifty-two week low of $ 11.66 and a fifty-two week high of $ 43.52.
Several institutional investors recently increased or decreased their stake in BECN. FMR LLC increased its stake in Beacon Roofing Supply by 48.0% in the second quarter. FMR LLC now owns 5,241,792 shares in the company valued at $ 138,226,000 after purchasing an additional 1,698,845 shares during the period. Fisher Asset Management LLC increased its stake in Beacon Roofing Supply by 41.7% in the third quarter. Fisher Asset Management LLC now owns 1,590,543 shares in the company valued at $ 49,418,000, after acquiring an additional 467,755 shares last quarter. WCM Investment Management LLC increased its stake in Beacon Roofing Supply by 6.5% in the second quarter. WCM Investment Management LLC now owns 609,175 shares in the company valued at $ 16,064,000 after purchasing an additional 37,330 shares in the last quarter. Bank of America Corp. DE increased its stake in Beacon Roofing Supply by 3.4% in the second quarter. Bank of America Corp DE now owns 483,731 shares in the company valued at $ 12,757,000 after purchasing an additional 15,806 shares during the reporting period. Finally, Granite Investment Partners LLC acquired a new position in Beacon Roofing Supply for $ 13,967,000 in the third quarter.
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials and ancillary construction products to contractors, builders, builders and retailers. The company’s residential roofing products include asphalt shingles, synthetic slates and bricks, clay and concrete tiles, slate, nail base insulation, metal roofs, felts, synthetic underlays, wood shingles and shakes, nails and fasteners, metal edging and siding, precast ledges, ridges and Reveal openings as well as solar systems.
This instant messaging alert was generated using narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
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