Zacks Research Has Positive Estimate for BECN Q1 Earnings

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Equities researchers at Zacks Research upped their Q1 2027 earnings estimates for shares of Beacon Roofing Supply in a research note issued on Tuesday, April 29th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.64. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Beacon Roofing Supply’s FY2027 earnings at $9.13 EPS.

Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $124.35 price target (down from $130.00) on shares of Beacon Roofing Supply in a report on Thursday, April 17th. Stifel Nicolaus downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and lowered their price target for the stock from $131.00 to $122.55 in a report on Friday, February 7th. Zelman & Associates cut shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Baird R W lowered shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, Raymond James lowered Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.47.

Beacon Roofing Supply Stock Performance

Shares of BECN stock opened at $124.17 on Wednesday. The stock has a market cap of $7.67 billion, a PE ratio of 21.23 and a beta of 1.31. Beacon Roofing Supply has a 52-week low of $77.54 and a 52-week high of $124.31. The business has a 50-day simple moving average of $121.11 and a 200-day simple moving average of $112.25. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60.

Insiders Place Their Bets

In other Beacon Roofing Supply news, EVP Christopher Carl Nelson sold 16,595 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $123.61, for a total value of $2,051,307.95. Following the completion of the sale, the executive vice president now directly owns 463 shares of the company’s stock, valued at $57,231.43. This trade represents a 97.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clement Munroe Best III sold 29,724 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total transaction of $3,657,538.20. Following the transaction, the insider now directly owns 87,943 shares in the company, valued at approximately $10,821,386.15. The trade was a 25.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,806 shares of company stock valued at $6,745,448 in the last 90 days. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Beacon Roofing Supply

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Beacon Roofing Supply during the 4th quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in Beacon Roofing Supply by 133.7% in the first quarter. Versant Capital Management Inc now owns 388 shares of the company’s stock valued at $48,000 after purchasing an additional 222 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Beacon Roofing Supply in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. lifted its stake in shares of Beacon Roofing Supply by 38.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 591 shares of the company’s stock valued at $60,000 after purchasing an additional 163 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Beacon Roofing Supply by 26.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company’s stock worth $73,000 after purchasing an additional 150 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.