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NASDAQ:BECN - Beacon Roofing Supply Stock Price, Forecast & News

$29.50
-0.67 (-2.22 %)
(As of 12/15/2019 10:00 AM ET)
Today's Range
$29.32
Now: $29.50
$30.35
50-Day Range
$28.31
MA: $31.75
$34.64
52-Week Range
$26.50
Now: $29.50
$40.00
Volume457,341 shs
Average Volume764,957 shs
Market Capitalization$2.02 billion
P/E Ratio13.05
Dividend YieldN/A
Beta1.37
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems. Read More…

Industry, Sector and Symbol

Industry Lumber & other construction materials
Sub-IndustryTrading Companies & Distributors
SectorRetail/Wholesale
Current SymbolNASDAQ:BECN
CUSIP07368510
Phone571-323-3939

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.11 billion
Cash Flow$6.51 per share
Book Value$27.19 per share

Profitability

Net Income$-10,610,000.00

Miscellaneous

Employees8,147
Market Cap$2.02 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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Beacon Roofing Supply (NASDAQ:BECN) Frequently Asked Questions

What is Beacon Roofing Supply's stock symbol?

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

How were Beacon Roofing Supply's earnings last quarter?

Beacon Roofing Supply, Inc. (NASDAQ:BECN) released its quarterly earnings data on Monday, November, 25th. The company reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.21 by $0.17. The firm earned $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. Beacon Roofing Supply had a negative net margin of 0.15% and a positive return on equity of 9.55%. Beacon Roofing Supply's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. View Beacon Roofing Supply's Earnings History.

When is Beacon Roofing Supply's next earnings date?

Beacon Roofing Supply is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Beacon Roofing Supply.

What price target have analysts set for BECN?

11 analysts have issued 12-month price targets for Beacon Roofing Supply's shares. Their forecasts range from $29.00 to $40.00. On average, they anticipate Beacon Roofing Supply's share price to reach $34.70 in the next year. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Beacon Roofing Supply.

What is the consensus analysts' recommendation for Beacon Roofing Supply?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Beacon Roofing Supply.

What are Wall Street analysts saying about Beacon Roofing Supply stock?

Here are some recent quotes from research analysts about Beacon Roofing Supply stock:
  • 1. According to Zacks Investment Research, "Beacon Roofing reported lower-than-expected fiscal fourth-quarter 2019 results. Its adjusted earnings missed the Zacks Consensus Estimate by 11.1% and fell 2.8% year over year. Its net sales also lagged analysts’ expectation by 1.4% but grew 4.9% from the prior year, given strong residential roofing business. Adjusted EBITDA margin contracted 90 basis points (bps). Despite undertaking various cost-saving initiatives, the company witnessed higher raw material costs. Also, incremental costs related to acquisitions added to the woes. Shares of Beacon Roofing have underperformed its industry year to date. Earnings estimates for fiscal 2020 have been trending downward over the past seven days, reflecting analysts' concern surrounding its bottom-line prospects." (11/27/2019)
  • 2. Evercore ISI analysts commented, "We note that if rainfall was relatively normal, then revenues would apparently have matched our outlook, but EPS would have still fallen short by ~$0.15. Along with earnings, BECN lowered its FY19 guidance for sales ($7.1-$7.2bn), EBITDA ($490-$510mm), and EPS ($2.30-$2.50; 4Q midpoint of $1.33)." (8/8/2019)

Has Beacon Roofing Supply been receiving favorable news coverage?

News coverage about BECN stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Beacon Roofing Supply earned a coverage optimism score of -2.7 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Beacon Roofing Supply.

Are investors shorting Beacon Roofing Supply?

Beacon Roofing Supply saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,980,000 shares, a decline of 9.3% from the October 31st total of 4,390,000 shares. Based on an average trading volume of 550,300 shares, the short-interest ratio is presently 7.2 days. Currently, 7.3% of the company's shares are sold short. View Beacon Roofing Supply's Current Options Chain.

Who are some of Beacon Roofing Supply's key competitors?

What other stocks do shareholders of Beacon Roofing Supply own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Beacon Roofing Supply investors own include Micron Technology (MU), Home Depot (HD), Cognizant Technology Solutions (CTSH), GW Pharmaceuticals PLC- (GWPH), Intel (INTC), Chipotle Mexican Grill (CMG), AT&T (T), Twitter (TWTR), Adobe (ADBE) and Baidu (BIDU).

Who are Beacon Roofing Supply's key executives?

Beacon Roofing Supply's management team includes the folowing people:
  • Mr. Paul M. Isabella, CEO, Pres & Director (Age 63)
  • Mr. Joseph M. Nowicki, Exec. VP & CFO (Age 57)
  • Mr. C. Eric Swank, Chief Operating Officer (Age 50)
  • Mr. Christopher A. Harrison, Chief HR Officer & Exec. VP (Age 52)
  • Mr. Thomas D. Schmitz, VP & Chief Accounting Officer (Age 51)

Who are Beacon Roofing Supply's major shareholders?

Beacon Roofing Supply's stock is owned by a variety of of retail and institutional investors. Top institutional investors include TimesSquare Capital Management LLC (2.51%), Fisher Asset Management LLC (2.26%), State Street Corp (2.04%), Riverbridge Partners LLC (1.17%), Voya Investment Management LLC (0.93%) and Skylands Capital LLC (0.51%). Company insiders that own Beacon Roofing Supply stock include C Eric Swank, Carl T Berquist, Cd&R Investment Associates Ix,, Christopher Anthony Harrison, Joseph M Nowicki, Paul Isabella, Philip Knisely, Richard W Frost, Stuart A Randle and Thomas David Schmitz. View Institutional Ownership Trends for Beacon Roofing Supply.

Which institutional investors are selling Beacon Roofing Supply stock?

BECN stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Voya Investment Management LLC, Envestnet Asset Management Inc., Oppenheimer Asset Management Inc., Skylands Capital LLC, WCM Investment Management LLC, First Trust Advisors LP and Riverbridge Partners LLC. Company insiders that have sold Beacon Roofing Supply company stock in the last year include C Eric Swank, Stuart A Randle and Thomas David Schmitz. View Insider Buying and Selling for Beacon Roofing Supply.

Which institutional investors are buying Beacon Roofing Supply stock?

BECN stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Coe Capital Management LLC, Tower Research Capital LLC TRC, Systematic Financial Management LP, SG Americas Securities LLC and ARP Americas LP. Company insiders that have bought Beacon Roofing Supply stock in the last two years include Carl T Berquist, Cd&R Investment Associates Ix,, Christopher Anthony Harrison, Joseph M Nowicki, Paul Isabella, Philip Knisely and Richard W Frost. View Insider Buying and Selling for Beacon Roofing Supply.

How do I buy shares of Beacon Roofing Supply?

Shares of BECN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Beacon Roofing Supply's stock price today?

One share of BECN stock can currently be purchased for approximately $29.50.

How big of a company is Beacon Roofing Supply?

Beacon Roofing Supply has a market capitalization of $2.02 billion and generates $7.11 billion in revenue each year. The company earns $-10,610,000.00 in net income (profit) each year or $2.26 on an earnings per share basis. Beacon Roofing Supply employs 8,147 workers across the globe.View Additional Information About Beacon Roofing Supply.

What is Beacon Roofing Supply's official website?

The official website for Beacon Roofing Supply is http://www.beaconroofingsupply.com/.

How can I contact Beacon Roofing Supply?

Beacon Roofing Supply's mailing address is 505 Huntmar Park Drive Suite 300, Herndon VA, 20170. The company can be reached via phone at 571-323-3939 or via email at [email protected]


MarketBeat Community Rating for Beacon Roofing Supply (NASDAQ BECN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  357 (Vote Outperform)
Underperform Votes:  382 (Vote Underperform)
Total Votes:  739
MarketBeat's community ratings are surveys of what our community members think about Beacon Roofing Supply and other stocks. Vote "Outperform" if you believe BECN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BECN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2019 by MarketBeat.com Staff

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