Equities analysts forecast that Beacon Roofing Supply, Inc. (NASDAQ:BECN) will report earnings per share of $0.90 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Beacon Roofing Supply’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.86. Beacon Roofing Supply reported earnings per share of $0.77 during the same quarter last year, which would suggest a positive year over year growth rate of 16.9%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Beacon Roofing Supply will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.43. For the next year, analysts expect that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.63 to $2.81. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Beacon Roofing Supply.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Beacon Roofing Supply had a net margin of 2.37% and a return on equity of 9.42%. The firm had revenue of $870.70 million for the quarter, compared to analyst estimates of $814.74 million. During the same period in the prior year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “buy” rating and issued a $58.00 target price on shares of Beacon Roofing Supply in a research report on Monday. Zacks Investment Research raised shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Wedbush reaffirmed a “neutral” rating and set a $47.00 price target on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Beacon Roofing Supply in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Beacon Roofing Supply has an average rating of “Hold” and a consensus price target of $51.50.

Several hedge funds and other institutional investors have recently bought and sold shares of BECN. Vanguard Group Inc. boosted its position in Beacon Roofing Supply by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,845,530 shares of the company’s stock worth $238,207,000 after buying an additional 246,233 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Beacon Roofing Supply by 2.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,312,112 shares of the company’s stock worth $211,983,000 after buying an additional 101,046 shares during the period. BlackRock Inc. raised its stake in shares of Beacon Roofing Supply by 80,484.5% in the first quarter. BlackRock Inc. now owns 4,021,973 shares of the company’s stock worth $197,720,000 after buying an additional 4,016,982 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Beacon Roofing Supply by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,409,749 shares of the company’s stock worth $118,462,000 after buying an additional 113,306 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Beacon Roofing Supply by 6.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,794,682 shares of the company’s stock worth $88,226,000 after buying an additional 103,557 shares during the period.

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Shares of Beacon Roofing Supply (NASDAQ:BECN) traded up 2.51% during trading on Tuesday, hitting $47.43. 738,251 shares of the stock traded hands. Beacon Roofing Supply has a 52-week low of $39.50 and a 52-week high of $52.12. The firm has a market cap of $2.86 billion, a PE ratio of 28.94 and a beta of 1.33. The company’s 50 day moving average is $48.60 and its 200 day moving average is $47.75.

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.

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Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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