Beacon Roofing Supply Company Profile (NASDAQ:BECN)

Beacon Roofing Supply trades on the NASDAQ under the ticker symbol "BECN."

Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its earnings results on Wednesday, August, 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by $0.06. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.27 billion. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. Beacon Roofing Supply's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. View Beacon Roofing Supply's Earnings History.

Beacon Roofing Supply is scheduled to release their next quarterly earnings announcement on Monday, November, 20th 2017. View Earnings Estimates for Beacon Roofing Supply.

10 brokerages have issued twelve-month price targets for Beacon Roofing Supply's shares. Their predictions range from $45.00 to $56.00. On average, they anticipate Beacon Roofing Supply's stock price to reach $51.67 in the next twelve months. View Analyst Ratings for Beacon Roofing Supply.

Here are some recent quotes from research analysts about Beacon Roofing Supply stock:

• 1. According to Zacks Investment Research, "Beacon Roofing Supply expects revenues to grow in the range of 6–9% year over year in fiscal 2017 and adjusted earnings per share to be around $2.34. The company will continue to focus on revenue growth, both organically and through acquisitions while improving margins and operating expense leverage in fiscal 2017. Further, it will benefit from roofing and re-roofing demand. However, the timing of these replacement decisions can vary due to economic factors and weather conditions. The company’s performance will be hurt by seasonality in business and low asphalt shingle demand. Beacon Roofing has underperformed the Zacks sub-industry’s growth in the past one year." (7/18/2017)
• 2. Jefferies Group LLC analysts commented, "BECN reported an in-line quarter, with strong results in Resi, but visibility in Commercial remains limited. That said, mgmt's outlook remains unchanged and reiterated its guidance for FY. With that said, shares are trading at a fair value and facing more difficult comps this year, making it more challenging for the stock to outperform in a meaningful way and we remain comfortable with our Hold rating." (2/6/2017)

Beacon Roofing Supply saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,628,332 shares, an increase of 35.1% from the August 15th total of 1,945,076 shares. Based on an average daily trading volume, of 985,409 shares, the days-to-cover ratio is currently 2.7 days. Currently, 4.4% of the company's shares are sold short.

Some companies that are related to Beacon Roofing Supply include Companhia Brasileira de Distribuicao (CBD), Macy's (M), Wayfair (W), Herbalife LTD. (HLF), KAR Auction Services (KAR), Burlington Stores (BURL), TripAdvisor (TRIP), Dunkin' Brands Group (DNKN), AutoNation (AN), Liberty Interactive Corporation (LVNTA), Cabela's (CAB), Foot Locker (FL), Caseys General Stores (CASY), Williams-Sonoma (WSM), Penske Automotive Group (PAG), Signet Jewelers Limited (SIG), The Michaels Companies (MIK) and Metro AG (MTTRY).

Beacon Roofing Supply's management team includes the folowing people:

• Robert R. Buck, Chairman of the Board
• Paul M. Isabella, President, Chief Executive Officer, Director
• Joseph M. Nowicki CPA, Chief Financial Officer, Executive Vice President
• Ross D. Cooper, Executive Vice President, General Counsel, Secretary
• Carl T. Berquist, Independent Director
• Richard W. Frost, Independent Director
• Alan Gershenhorn, Independent Director
• Robert M. McLaughlin, Independent Director
• Neil S. Novich, Independent Director

Beacon Roofing Supply's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.11%), Frontier Capital Management Co. LLC (6.85%), BlackRock Inc. (6.75%), Dimensional Fund Advisors LP (4.00%), Lord Abbett & CO. LLC (3.10%) and Riverbridge Partners LLC (2.84%). Company insiders that own Beacon Roofing Supply stock include Associates Viii Ltd Cd&R, Carl T Berquist, James J Gaffney, Paul Isabella, Robert M Mclaughlin, Robert R Buck, Ross D Cooper and Wilson B Sexton. View Institutional Ownership Trends for Beacon Roofing Supply.

Beacon Roofing Supply's stock was sold by a variety of institutional investors in the last quarter, including BlueCrest Capital Management Ltd, Frontier Capital Management Co. LLC, Aberdeen Asset Management PLC UK, Cambiar Investors LLC, Russell Investments Group Ltd., TimesSquare Capital Management LLC, Riverbridge Partners LLC and Elk Creek Partners LLC. View Insider Buying and Selling for Beacon Roofing Supply.

Beacon Roofing Supply's stock was bought by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, Lord Abbett & CO. LLC, Vivaldi Asset Management LLC, Jennison Associates LLC, Pax World Management LLC, Nationwide Fund Advisors, Atlanta Capital Management Co. L L C and State Street Corp. Company insiders that have bought Beacon Roofing Supply stock in the last two years include Carl T Berquist and Robert M Mclaughlin. View Insider Buying and Selling for Beacon Roofing Supply.

Shares of Beacon Roofing Supply can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Beacon Roofing Supply stock can currently be purchased for approximately $49.91.