Zacks Research Analysts Boost Earnings Estimates for BECN

Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) - Zacks Research raised their Q1 2027 earnings estimates for shares of Beacon Roofing Supply in a research report issued to clients and investors 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 forecast 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.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets restated a "market perform" rating and issued a $124.35 price objective (down previously from $130.00) on shares of Beacon Roofing Supply in a report on Thursday, April 17th. Zelman & Associates lowered Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 16th. Baird R W lowered Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. StockNews.com began coverage on Beacon Roofing Supply in a report on Sunday. They set a "sell" rating on the stock. Finally, Raymond James cut Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Beacon Roofing Supply currently has an average rating of "Hold" and an average price target of $124.78.

Beacon Roofing Supply Stock Performance

Shares of BECN stock remained flat at $124.17 during trading hours on Wednesday. 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 company has a market cap of $7.67 billion, a P/E ratio of 21.23 and a beta of 1.31. Beacon Roofing Supply has a one year low of $77.54 and a one year high of $124.31. The stock's 50-day simple moving average is $121.27 and its 200 day simple moving average is $112.70.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 25.32% and a net margin of 3.86%.

Insider Activity

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 shares were sold at an average price of $123.61, for a total transaction of $2,051,307.95. Following the transaction, the executive vice president now directly owns 463 shares of the company's stock, valued at approximately $57,231.43. This trade represents a 97.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan Stuart Bennett sold 8,487 shares of Beacon Roofing Supply stock in a transaction on Monday, April 7th. The shares were sold at an average price of $122.14, for a total transaction of $1,036,602.18. Following the completion of the transaction, the insider now owns 22,642 shares in the company, valued at approximately $2,765,493.88. This represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,806 shares of company stock worth $6,745,448. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Beacon Roofing Supply

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Beacon Roofing Supply during the 4th quarter worth approximately $31,000. Versant Capital Management Inc lifted its holdings in shares of Beacon Roofing Supply by 133.7% during the first quarter. Versant Capital Management Inc now owns 388 shares of the company's stock worth $48,000 after purchasing an additional 222 shares during the period. Johnson Financial Group Inc. purchased a new position in Beacon Roofing Supply in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. grew its position in 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 buying an additional 163 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Beacon Roofing Supply by 26.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company's stock valued at $73,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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.