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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BECN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BECN, but not buy additional shares or sell existing shares.
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8 analysts have issued 1 year target prices for Beacon Roofing Supply's stock. Their BECN share price forecasts range from $54.00 to $91.00. On average, they expect the company's stock price to reach $70.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Beacon Roofing Supply's stock was trading at $52.79 at the beginning of 2023. Since then, BECN shares have increased by 32.7% and is now trading at $70.07.
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Beacon Roofing Supply saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,020,000 shares, an increase of 6.9% from the April 30th total of 1,890,000 shares. Based on an average trading volume of 402,600 shares, the short-interest ratio is currently 5.0 days. Approximately 4.2% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) posted its quarterly earnings data on Thursday, November, 18th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.54 by $0.32. The company earned $1.88 billion during the quarter, compared to analysts' expectations of $1.88 billion. Beacon Roofing Supply had a net margin of 5.01% and a trailing twelve-month return on equity of 27.52%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share.

ETFs with the largest weight of Beacon Roofing Supply (NASDAQ:BECN) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Qraft AI-Enhanced Next Value ETF (NVQ), Hoya Capital Housing ETF (HOMZ), First Trust Mid Cap Value AlphaDEX Fund (FNK), Fidelity Small-Mid Cap Opportunities ETF (FSMO), iShares U.S. Home Construction ETF (ITB), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and First Trust Mid Cap Core AlphaDEX Fund (FNX).

Beacon Roofing Supply updated its FY 2023 earnings guidance on Friday, May, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.60 billion-$8.77 billion, compared to the consensus revenue estimate of $8.54 billion.

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), Raytheon Technologies (RTX), Procter & Gamble (PG), Abbott Laboratories (ABT), Adobe (ADBE), Activision Blizzard (ATVI) and General Electric (GE).

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

Beacon Roofing Supply's stock is owned by a variety of retail and institutional investors. Top institutional investors include Clayton Dubilier & Rice LLC (23.47%), FMR LLC (9.35%), American Century Companies Inc. (6.22%), Dimensional Fund Advisors LP (6.06%), BlackRock Inc. (5.52%) and Frontier Capital Management Co. LLC (2.70%). Insiders that own company stock include C Eric Swank, Cd&R Investment Associates Ix,, Christopher Anthony Harrison, Christopher Carl Nelson, Clement Munroe Best III, Jason L Taylor and Julian Francis.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BECN stock can currently be purchased for approximately $70.07.

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $4.47 billion and generates $8.43 billion in revenue each year. The company earns $458.40 million in net income (profit) each year or $5.20 on an earnings per share basis.

The company employs 7,478 workers across the globe.

Beacon Roofing Supply's mailing address is 505 Huntmar Park Drive Suite 300, Herndon VA, 20170. The official website for the company is www.beaconroofingsupply.com. The company can be reached via phone at (571) 323-3939, via email at jwilson@becn.com, or via fax at 703-437-1919.