Beacon Roofing Supply (NASDAQ:BECN) Releases Earnings Results

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

Beacon Roofing Supply Price Performance

NASDAQ BECN opened at $115.32 on Friday. The company has a market capitalization of $7.10 billion, a PE ratio of 19.71 and a beta of 1.62. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The business’s fifty day moving average is $112.01 and its 200 day moving average is $101.05. Beacon Roofing Supply has a fifty-two week low of $77.54 and a fifty-two week high of $121.42.

Wall Street Analyst Weigh In

BECN has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a report on Friday, November 1st. StockNews.com began coverage on Beacon Roofing Supply in a research note on Friday, February 21st. They issued a “sell” rating on the stock. BMO Capital Markets raised their price target on Beacon Roofing Supply from $125.00 to $136.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Zelman & Associates downgraded Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $120.17.

About Beacon Roofing Supply

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.