Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have earned an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $58.82.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 22nd. Jefferies Group reissued a “buy” rating and issued a $73.00 price target on shares of Beacon Roofing Supply in a research note on Wednesday, January 17th. BidaskClub downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $63.00 price target (up from $62.00) on shares of Beacon Roofing Supply in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co assumed coverage on shares of Beacon Roofing Supply in a research note on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 price target for the company.
In other Beacon Roofing Supply news, CEO Paul Isabella sold 40,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the sale, the chief executive officer now owns 172,046 shares in the company, valued at $10,420,826.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ross D. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total transaction of $119,500.00. Following the completion of the sale, the executive vice president now owns 7,056 shares in the company, valued at approximately $421,596. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.
Beacon Roofing Supply (NASDAQ:BECN) traded down $2.00 during mid-day trading on Friday, reaching $59.75. 459,161 shares of the company were exchanged, compared to its average volume of 605,056. Beacon Roofing Supply has a 12 month low of $39.57 and a 12 month high of $66.47. The company has a market capitalization of $4,197.08, a P/E ratio of 36.66, a P/E/G ratio of 1.29 and a beta of 1.35. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Monday, November 20th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Beacon Roofing Supply’s quarterly revenue was up 9.8% on a year-over-year basis. equities research analysts anticipate that Beacon Roofing Supply will post 3.19 earnings per share for the current year.
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Beacon Roofing Supply Company Profile
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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