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S&P 500   4,280.15
DOW   33,761.05
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Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NASDAQ:BECN

Beacon Roofing Supply - BECN Stock Forecast, Price & News

$60.23
+1.09 (+1.84%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.12
$60.30
50-Day Range
$47.82
$65.30
52-Week Range
$45.71
$65.30
Volume
360,935 shs
Average Volume
482,378 shs
Market Capitalization
$3.91 billion
P/E Ratio
12.79
Dividend Yield
N/A
Price Target
$62.43

Beacon Roofing Supply MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
3.7% Upside
$62.43 Price Target
Short Interest
Healthy
7.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-4.02
Upright™ Environmental Score
News Sentiment
0.71mentions of Beacon Roofing Supply in the last 14 days
Based on 19 Articles This Week
Insider Trading
Acquiring Shares
$6 M Bought Last Quarter
Proj. Earnings Growth
-6.54%
From $6.73 to $6.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.49 out of 5 stars

Retail/Wholesale Sector

204th out of 224 stocks

Lumber & Other Construction Materials Industry

4th out of 4 stocks

BECN stock logo

About Beacon Roofing Supply (NASDAQ:BECN) Stock

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers. It offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment. The company also provides above grade and below grade membranes and coatings, deck and floor coatings, plaza deck waterproofing products, damp proofing coatings, and air and vapor barriers; tools and equipment, including power and hand tools, ladders and scaffolding, air tools and compressors, nails, screws and fasteners, generators, work wear and safety gear, job site supplies, tool bags and belts, welding and soldering, cleaning supplies, drill bits, and saw blades; and solar panels, mounting hardware, inverters, and storage and batteries. As of September 30, 2021, it operated approximately 446 branches in 50 states of the United States and 6 provinces in Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is headquartered in Herndon, Virginia.

Beacon Roofing Supply Price Performance

NASDAQ:BECN traded up $1.09 on Friday, reaching $60.23. The company's stock had a trading volume of 360,935 shares, compared to its average volume of 482,378. Beacon Roofing Supply has a 52 week low of $45.71 and a 52 week high of $65.30. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3.91 billion, a PE ratio of 12.79 and a beta of 1.79. The business has a 50-day moving average price of $56.25 and a 200 day moving average price of $58.01.

Beacon Roofing Supply (NASDAQ:BECN - Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.36 by $0.44. Beacon Roofing Supply had a return on equity of 29.19% and a net margin of 5.25%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company earned $1.59 EPS. Beacon Roofing Supply's revenue was up 26.0% on a year-over-year basis. Sell-side analysts expect that Beacon Roofing Supply will post 6.73 EPS for the current year.

Analysts Set New Price Targets

BECN has been the topic of a number of research analyst reports. Royal Bank of Canada downgraded Beacon Roofing Supply from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $70.00 to $58.00 in a report on Wednesday, June 22nd. Robert W. Baird raised their price target on shares of Beacon Roofing Supply from $74.00 to $83.00 in a report on Friday, May 6th. William Blair lowered shares of Beacon Roofing Supply from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 19th. Stephens dropped their price objective on Beacon Roofing Supply from $72.00 to $64.00 and set an "equal weight" rating on the stock in a report on Monday, August 8th. Finally, Wells Fargo & Company lowered their target price on shares of Beacon Roofing Supply from $67.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 28th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $62.43.

Insider Transactions at Beacon Roofing Supply

In other news, major shareholder Cd&R Investment Associates Ix, purchased 103,931 shares of the business's stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of $57.73 per share, with a total value of $5,999,936.63. Following the acquisition, the insider now directly owns 14,859,579 shares of the company's stock, valued at approximately $857,843,495.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is owned by insiders.

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BECN Stock News Headlines

Beacon Roofing Supply (NASDAQ:BECN) Price Target Cut to $64.00
Beacon Roofing Supply Inc. Q2 Earnings Summary
Beacon Reports Second Quarter 2022 Results
6 Analysts Have This to Say About Beacon Roofing Supply
Expert Ratings for Beacon Roofing Supply
See More Headlines
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BECN Company Calendar

Last Earnings
8/04/2022
Today
8/13/2022
Next Earnings (Estimated)
11/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Lumber & other construction materials
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:BECN
CUSIP
07368510
Employees
7,582
Year Founded
1928

Price Target and Rating

Average Stock Price Forecast
$62.43
High Stock Price Forecast
$83.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$5.70 per share
Book Value
$25.79 per share

Miscellaneous

Free Float
64,384,000
Market Cap
$3.91 billion
Optionable
Optionable
Beta
1.79

Social Links


Key Executives














BECN Stock - Frequently Asked Questions

Should I buy or sell Beacon Roofing Supply stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
View BECN analyst ratings
or view top-rated stocks.

What is Beacon Roofing Supply's stock price forecast for 2022?

7 Wall Street analysts have issued 1 year price objectives for Beacon Roofing Supply's stock. Their BECN share price forecasts range from $55.00 to $83.00. On average, they anticipate the company's share price to reach $62.43 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for BECN
or view top-rated stocks among Wall Street analysts.

How have BECN shares performed in 2022?

Beacon Roofing Supply's stock was trading at $57.35 at the beginning of the year. Since then, BECN stock has increased by 5.0% and is now trading at $60.23.
View the best growth stocks for 2022 here
.

When is Beacon Roofing Supply's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our BECN earnings forecast
.

How were Beacon Roofing Supply's earnings last quarter?

Beacon Roofing Supply, Inc. (NASDAQ:BECN) announced its quarterly earnings results on Thursday, August, 4th. The company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.44. The firm had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.28 billion. Beacon Roofing Supply had a trailing twelve-month return on equity of 29.19% and a net margin of 5.25%. Beacon Roofing Supply's revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share.

What guidance has Beacon Roofing Supply issued on next quarter's earnings?

Beacon Roofing Supply issued an update on its FY 2022 earnings guidance on Friday, August, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.97B-, compared to the consensus revenue estimate of $8.19 billion.

What is Julian Francis' approval rating as Beacon Roofing Supply's CEO?

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.

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 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).

What is Beacon Roofing Supply's stock symbol?

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

Who are Beacon Roofing Supply's major shareholders?

Beacon Roofing Supply's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (15.86%), Frontier Capital Management Co. LLC (2.46%), Northern Trust Corp (1.52%), Franklin Resources Inc. (1.50%), Iridian Asset Management LLC CT (1.27%) and WCM Investment Management LLC (0.99%). 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, Julian Francis, Richard W Frost and Stuart A Randle.
View institutional ownership trends
.

How do I buy shares of Beacon Roofing Supply?

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.
Compare Top Brokerages Here.

What is Beacon Roofing Supply's stock price today?

One share of BECN stock can currently be purchased for approximately $60.23.

How much money does Beacon Roofing Supply make?

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $3.91 billion and generates $6.82 billion in revenue each year.

How many employees does Beacon Roofing Supply have?

The company employs 7,582 workers across the globe.

Does Beacon Roofing Supply have any subsidiaries?

The following companies are subsidiares of Beacon Roofing Supply: Allied Building Products, Atlas Supply, BJ Supply, Beacon Roofing Supply Canada Company, Beacon Sales Acquisition, Eco Insulation Supply, and Roofing Supply Group.
Read More

When was Beacon Roofing Supply founded?

Beacon Roofing Supply was founded in 1928.

How can I contact Beacon Roofing Supply?

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.

This page (NASDAQ:BECN) was last updated on 8/14/2022 by MarketBeat.com Staff

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