Beacon Roofing Supply (BECN) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BECN shares.
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11 Wall Street research analysts have issued 1-year price objectives for Beacon Roofing Supply's shares. Their BECN share price targets range from $68.00 to $120.00. On average, they expect the company's stock price to reach $100.00 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Beacon Roofing Supply's stock was trading at $87.02 at the start of the year. Since then, BECN stock has increased by 7.1% and is now trading at $93.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by $0.22. The company earned $2.30 billion during the quarter, compared to analysts' expectations of $2.27 billion. Beacon Roofing Supply had a trailing twelve-month return on equity of 26.95% and a net margin of 4.74%. The company's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS.

ETFs with the largest weight of Beacon Roofing Supply (NASDAQ:BECN) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), JPMorgan Active Small Cap Value ETF (JPSV), Hoya Capital Housing ETF (HOMZ), iShares U.S. Home Construction ETF (ITB), Principal U.S. Small-Cap Multi-Factor ETF (PSC), American Century STOXX U.S. Quality Growth ETF (QGRO) and First Trust Mid Cap Growth AlphaDEX Fund (FNY).

62 employees have rated Beacon Roofing Supply Chief Executive Officer Julian Francis on Glassdoor.com. Julian Francis has an approval rating of 27% among the company's employees. This puts Julian Francis in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 71.0% of employees surveyed would recommend working at Beacon Roofing Supply to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Beacon Roofing Supply investors own include AT&T (T), Micron Technology (MU), GW Pharmaceuticals (GWPH), Home Depot (HD), RTX (RTX), Procter & Gamble (PG), Abbott Laboratories (ABT), Adobe (ADBE), Activision Blizzard (ATVI) and General Electric (GE).

Beacon Roofing Supply's stock is owned by a variety of institutional and retail investors. Top institutional investors include Benson Investment Management Company Inc. (0.06%), Los Angeles Capital Management LLC (0.05%), Global Assets Advisory LLC (0.02%) and Hennion & Walsh Asset Management Inc. (0.00%). Insiders that own company stock include Cd&R Investment Associates Ix,, Christine Stroh Reddy, Christopher Carl Nelson, Clement Munroe Best III, Jason L Taylor, Julian Francis and Stuart A Randle.
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Shares of BECN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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