Beacon Roofing Supply, Inc. (NASDAQ: BECN) – Truist Securiti released its fiscal 2010 EPS estimates for shares in Beacon Roofing Supply in a report released on Monday, February 8th. Truist Securiti analyst K. Hughes expects the company to post an annual profit of $ 3.50. Truist Securiti also announced estimates for Beacon Roofing Supply’s fourth quarter 2022 earnings of $ 1.33 per share.
Several other stock analysts have also commented on the company. 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. Truist raised its target price on Beacon Roofing Supply from $ 43.00 to $ 49.00 in a research report on Tuesday. Jefferies Financial Group upgraded Beacon Roofing Supply from a “Hold” rating to a “Buy” rating in a research report on Wednesday October 14th and raised its price target for the company from $ 33.00 to $ 44.00. 00 USD raised. In a research report on Tuesday, December 22nd, Deutsche Bank Aktiengesellschaft raised its price target for Beacon Roofing Supply from USD 41.00 to USD 44.00. Finally, Robert W. Baird raised his target price on Beacon Roofing Supply from $ 43.00 to $ 48.00 and rated the company as “Outperform” in a research report on Friday, November 20. One investment analyst has rated the stock with a sell rating, six with a hold rating, and nine with a buy rating. The stock has an average Buy rating and an average price target of $ 38.16.
BECN shares opened at $ 46.46 on Wednesday. Beacon Roofing Supply has a 1 year low of $ 11.66 and a 1 year high of $ 48.48. The company has a current rate of 1.82, a quick rate of 1.25, and a leverage ratio of 1.56. The stock has a 50-day moving average of $ 41.53 and a 200-day moving average of $ 35.77. The stock has a market capitalization of $ 3.22 billion, a price to earnings ratio of -27.85, and a beta of 1.97. Beacon Roofing Supply (NASDAQ: BECN) last released its quarterly results on Sunday, February 7th. The company reported earnings of $ 1.15 per share for the quarter, beating the consensus estimate of $ 0.60 by $ 0.55. The company had revenue of $ 1.83 billion for the quarter, compared to analyst expectations of $ 1.70 billion. Beacon Roofing Supply achieved a positive return on equity of 10.89% and a negative net margin of 1.16%. The company’s quarterly sales increased 9.0% year over year. For the same quarter last year, the company posted earnings of $ 0.36 per share.
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Institutional investors recently changed their holdings in the company. Sei Investments Co. increased its stake in Beacon Roofing Supply by 12.8% in the third quarter. Sei Investments Co. now owns 204,449 shares in the company, valued at $ 6,352,000, after purchasing an additional 23,138 shares last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Beacon Roofing Supply valued at approximately $ 2,135,000 in the third quarter. Contravisory Investment Management Inc. acquired a new stake in Beacon Roofing Supply valued at approximately $ 165,000 in the fourth quarter. UBS Asset Management Americas Inc. increased its position in shares of Beacon Roofing Supply by 9.7% in the third quarter. UBS Asset Management Americas Inc. now owns 78,699 shares in the company valued at $ 2,445,000 after purchasing an additional 6,930 shares last quarter. Ultimately, Strs Ohio acquired a new stake in Beacon Roofing Supply worth approximately $ 257,000 in the third quarter.
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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7 stocks that don’t care who wins the election
Many investors confuse volatility in an election year with market performance during an election year. Historically, investors don’t care who wins the election.
Historical evidence shows that the market will rise after a Republican victory and fall after a Democrat victory. However, the same evidence suggests that these trends are reversed in the first year of a presidency. It just shows that there is a difference between campaigning and governing.
What can be different is where investors make their money. Certain sectors perform better under a republican government than under a democratic government. But that’s not the focus of this presentation.
Rather, let’s take a look at the companies and stocks that should benefit no matter who occupies 1600 Pennsylvania Avenue. Some of these are household names, but we’re trying not to be too obvious. Amazon (NASDAQ: AMZN) is a buy no matter who wins. You don’t need an article to tell you that.
And while I wouldn’t call this the “coronavirus stocks” list, the list bears some resemblance. The fact is, every major event in our nation’s history has a ripple effect. And technologies that we never imagined become “most important” in our lives.
Check out the “7 Stocks That Don’t Care Who Wins”.