$1.31 EPS Expected for Beacon Roofing Supply, Inc. (NASDAQ:BECN) This Quarter

Stock research analysts expect Beacon Roofing Supply, Inc. (NASDAQ: BECN) to post earnings per share (EPS) of $ 1.31 for the current quarter, according to Zacks Investment Research. Six analysts have given estimates of Beacon Roofing Supply’s earnings. The lowest EPS estimate is $ 1.09 and the highest is $ 1.54. Beacon Roofing Supply posted earnings of $ 0.93 per share for the year-ago quarter, indicating a positive year-over-year growth rate of 40.9%. The company is expected to release its next quarterly results on Thursday, August 5th.

On average, analysts expect Beacon Roofing Supply to post full year earnings of $ 3.77 per share for the current fiscal year, with EPS estimates ranging from $ 3.25 to $ 4.24. For the next fiscal year, analysts predict the company will post earnings of $ 4.15 per share, with EPS estimates ranging between $ 3.28 and $ 4.61. Zacks’ EPS calculations are a median average based on a survey of sell-side research analysts covering Beacon Roofing Supply.

Beacon Roofing Supply (NASDAQ: BECN) last released its quarterly results on Thursday, May 6th. The company reported earnings per share of $ 0.23 for the quarter, beating the consensus estimate of $ 0.01 by $ 0.22. Beacon Roofing Supply had a positive return on equity of 16.33% and a negative net margin of 2.41%. The company had revenue of $ 1.32 billion for the quarter, compared to analyst expectations of $ 1.32 billion.

Several research companies have recently commented on BECN. Wells Fargo & Company began reporting on Beacon Roofing Supply in a research note on Thursday, July 15. They set an “equilibrium” rating and a target price of $ 58.00 for the company. Robert W. Baird confirmed an “outperform” rating in a research release on Thursday July 15th and set a price target of USD 66.00 (previously USD 65.00) for the shares of Beacon Roofing Supply. Northcoast Research confirmed in a research release on Wednesday, April 21st, a “neutral” rating for the shares of Beacon Roofing Supply. Loop Capital raised its target price on Beacon Roofing Supply from $ 57.00 to $ 63.00 and rated the stock a “Buy” in a report on Tuesday, April 20. Finally, Truist raised its target price on Beacon Roofing Supply from $ 49.00 to $ 68.00 in a report on Friday, May 7th. Six research analysts have given the stock a hold rating and seven with a buy rating for the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $ 56.08.


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In other news from Beacon Roofing Supply, major shareholder Cd&R Investment Associates Ix acquired 563,611 shares in the company in a transaction on Thursday April 29th. The stock was purchased at an average price of $ 53.23 per share for a total value of $ 30,001,013.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed on the SEC website. In addition, insider Clement Munroe Best III sold 4,000 shares of Beacon Roofing Supply in one transaction on Friday, May 7th. The shares were sold at an average price of $ 60.00 for a total of $ 240,000.00. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently changed their holdings on BECN. FMR LLC increased its stake in Beacon Roofing Supply by 175.1% in the first quarter. FMR LLC now owns 550,230 shares of the company valued at $ 17,695,000 after purchasing an additional 350,228 shares last quarter. Wells Fargo & Company MN increased its stake in Beacon Roofing Supply by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 176,270 shares in the company valued at $ 7,085,000 after purchasing an additional 10,701 shares last quarter. Rhumbline Advisers increased its stake in Beacon Roofing Supply by 13.1% in the fourth quarter. Rhumbline Advisers now owns 97,090 shares in the company, valued at $ 3,902,000, after purchasing an additional 11,220 shares last quarter. Manufacturers Life Insurance Company increased its stake in Beacon Roofing Supply by 3.8% in the fourth quarter. Manufacturers Life Insurance Company now owns 33,054 shares in the company valued at $ 1,328,000 after purchasing an additional 1,223 shares last quarter. Finally, ExodusPoint Capital Management LP increased its stake in Beacon Roofing Supply by 66.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 12,196 shares in the company valued at $ 490,000 after purchasing an additional 4,848 shares last quarter.

NASDAQ BECN opened Tuesday at $ 50.48. The company’s 50-day simple moving average is $ 55.01. Beacon Roofing Supply has an annual low of $ 27.42 and an annual high of $ 60.93. The company has a market cap of $ 3.53 billion, a P / E of -18.22, and a beta of 2.02. The company has a quick ratio of 1.24, a current ratio of 2.04, and debt of 1.34.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc., through its subsidiaries, distributes residential and non-residential roofing materials and ancillary construction products to contractors, home builders, building owners and retailers. The company’s roofing products include asphalt shingles, synthetic slates and bricks, clay and concrete tiles, slate, nail skirting insulation, metal roofs, felts, synthetic underlay materials, wood shingles and shakes, nails and fasteners, metal edges and sheets, prefabricated sheets, ridges and soffits and Solar systems.

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

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