Beacon Roofing Supply Stock Forecast, Price & News

Beacon Roofing Supply's stock was trading at $21.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BECN stock has increased by 42.7% and is now trading at $30.74.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Beacon Roofing Supply is scheduled to release its next quarterly earnings announcement on Monday, November 23rd 2020.
View our earnings forecast for Beacon Roofing Supply.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its earnings results on Thursday, August, 6th. The company reported $0.93 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.61 by $0.32. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.74 billion. Beacon Roofing Supply had a positive return on equity of 9.45% and a negative net margin of 1.80%. The firm's revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share.
View Beacon Roofing Supply's earnings history.

12 Wall Street analysts have issued 1-year target prices for Beacon Roofing Supply's stock. Their forecasts range from $15.50 to $38.00. On average, they anticipate Beacon Roofing Supply's stock price to reach $26.35 in the next twelve months. This suggests that the stock has a possible downside of 14.3%.
View analysts' price targets for Beacon Roofing Supply.

Beacon Roofing Supply saw a decline in short interest in August. As of August 14th, there was short interest totaling 3,420,000 shares, a decline of 14.9% from the July 30th total of 4,020,000 shares. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is presently 6.9 days. Approximately 6.3% of the shares of the company are short sold.
View Beacon Roofing Supply's Short Interest.

Some companies that are related to Beacon Roofing Supply include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), WESCO International (WCC), Applied Industrial Technologies (AIT), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and DXP Enterprises (DXPE).
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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 PLC- (GWPH), Home Depot (HD), Raytheon Technologies (RTX), Procter & Gamble (PG), Skyworks Solutions (SWKS), Abbott Laboratories (ABT), Adobe (ADBE) and Activision Blizzard (ATVI).

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 shareholders include FMR LLC (7.61%), FMR LLC (7.61%), Vanguard Group Inc. (7.56%), Victory Capital Management Inc. (2.00%), Frontier Capital Management Co. LLC (1.92%) and Russell Investments Group Ltd. (1.69%). Company insiders that own Beacon Roofing Supply stock include C Eric Swank, Carl T Berquist, Cd&R Investment Associates Ix,, Christopher Anthony Harrison, Paul Isabella, Richard W Frost, Stuart A Randle and Thomas David Schmitz.
View institutional ownership trends for Beacon Roofing Supply.

BECN stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Federated Hermes Inc., Frontier Capital Management Co. LLC, Fisher Asset Management LLC, Public Employees Retirement System of Ohio, Stephens Inc. AR, Charles Schwab Investment Management Inc., and New York State Common Retirement Fund.
View insider buying and selling activity for Beacon Roofing Supply.

BECN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Russell Investments Group Ltd., Glenmede Trust Co. NA, Duality Advisers LP, Soapstone Management L.P., UBS Group AG, and Hudson Bay Capital Management 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, Paul Isabella, and Richard W Frost.
View insider buying and selling activity for 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.

One share of BECN stock can currently be purchased for approximately $30.74.

Beacon Roofing Supply has a market capitalization of $2.12 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.

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

Beacon Roofing Supply's mailing address is 505 Huntmar Park Drive Suite 300, Herndon VA, 20170. The company can be reached via phone at 57-323-3939 or via email at [email protected]