Beacon Roofing Supply, Inc. (NASDAQ:BECN) Expected to Announce Quarterly Sales of $1.75 Billion

Stock analysts predict that Beacon Roofing Supply, Inc. (NASDAQ: BECN) will announce revenue of $ 1.75 billion for the current fiscal quarter, according to Zacks. Seven analysts have estimated Beacon Roofing Supply’s earnings to be between $ 1.72 billion and $ 1.79 billion. Beacon Roofing Supply had sales of $ 1.68 billion in the same quarter last year, a positive growth rate of 4.2% year over year. The company is expected to release its next results after the market closed on Monday, February 8th.

According to Zacks, analysts expect Beacon Roofing Supply to have total annual sales of $ 7.21 billion for the current fiscal year, with estimates ranging from $ 7.15 to $ 7.28 billion. For the next fiscal year, analysts expect sales of 7.49 billion US dollars, with estimates ranging between 7.39 and 7.62 billion US dollars. Zacks Investment Research’s sales calculations are based, on average, on a survey of analysts who follow Beacon Roofing Supply.

Beacon Roofing Supply (NASDAQ: BECN) last released its quarterly results on Wednesday, November 18th. The company reported earnings of $ 1.32 per share for the quarter, beating Zacks’ consensus estimate of $ 0.99 by $ 0.33. The company had revenue of $ 2.02 billion for the quarter, compared to the consensus estimate of $ 2.02 billion. Beacon Roofing Supply achieved a positive return on equity of 10.89% and a negative net margin of 1.16%. For the same period last year, the company posted earnings of $ 1.04 per share.

BECN has been the subject of a number of reports from research analysts. Longbow Research upgraded the Beacon Roofing Supply from a “neutral” rating to a “Buy” rating and set a price target of $ 60.00 for the stock in a research report on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft raised its target price for Beacon Roofing Supply on Tuesday, December 22nd, in a research note from USD 41.00 to USD 44.00. The Royal Bank of Canada raised its target price for Beacon Roofing Supply from USD 26.00 to USD 33.00 and rated the company as “underperform” in a research note on Friday, November 20. Loop Capital raised its target price on Beacon Roofing Supply from $ 42.00 to $ 46.00 and rated the company as a “Buy” in a research report on Friday, November 20. Eventually, Zacks Investment Research downgraded Beacon Roofing Supply from a “Buy” rating to a “Hold” rating and set a price target of $ 45.00 for the company. in a research report on Friday, January 22nd. Two research analysts have given the stock a sell rating, six with a hold rating and eight with a buy rating. The company currently has a consensus rating of “Hold” and an average price target of $ 36.03.


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A number of hedge funds and other institutional investors have recently bought and sold shares in BECN. Fisher Asset Management LLC increased its stake in Beacon Roofing Supply by 41.7% in the third quarter. Fisher Asset Management LLC now owns 1,590,543 shares in the company valued at $ 49,418,000 after purchasing an additional 467,755 shares last quarter. Granite Investment Partners LLC purchased a new position in Beacon Roofing Supply for approximately $ 13,967,000 in the third quarter. FMR LLC increased its stake in Beacon Roofing Supply 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. Branch DiMenna Associates LLC purchased a new position in Beacon Roofing Supply for approximately $ 9,649,000 in the fourth quarter. Finally, JPMorgan Chase & Co. increased its stake in Beacon Roofing Supply by 85.9% in the third quarter. JPMorgan Chase & Co. now owns 330,147 shares of the company valued at $ 10,201,000 after purchasing an additional 152,549 shares last quarter.

BECN opened at $ 41.54 on Friday. The company’s fifty-day moving average is $ 41.22 and the two-hundred-day average is $ 35.42. The company has a leverage ratio of 1.56, a fast rate of 1.25, and a current rate of 1.82. The company has a market cap of $ 2.88 billion, value for money of -25.18, and a beta of 1.97. Beacon Roofing Supply has a year low of $ 11.66 and a year high of $ 44.33.

Beacon Roofing Supply company profile

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials and ancillary construction products to contractors, home builders, builders and retailers. The company’s residential roofing products include asphalt shingles, synthetic slate and brick, clay and concrete tile, slate, nail base insulation, metal roofing, felt, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edging and siding, pre-made moldings, ridges and Reveal openings and solar systems.

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Earnings history and estimates for the Beacon Roofing Supply (NASDAQ: BECN)

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