Beacon Roofing Supply - BECN Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 6 hold ratings and 2 buy ratings 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.
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8 analysts have issued twelve-month price targets for Beacon Roofing Supply's shares. Their BECN share price forecasts range from $54.00 to $79.00. On average, they anticipate the company's stock price to reach $61.75 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
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Beacon Roofing Supply's stock was trading at $57.35 at the start of the year. Since then, BECN shares have decreased by 0.3% and is now trading at $57.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its quarterly earnings data on Thursday, November, 18th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.54 by $0.32. The firm earned $1.88 billion during the quarter, compared to analysts' expectations of $1.88 billion. Beacon Roofing Supply had a net margin of 5.52% and a trailing twelve-month return on equity of 31.40%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share.

Beacon Roofing Supply updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.17 billion-$8.30 billion, compared to the consensus revenue estimate of $8.31 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 many different institutional and retail investors. Top institutional shareholders include Clayton Dubilier & Rice LLC (22.87%), Vanguard Group Inc. (7.20%), Dimensional Fund Advisors LP (6.30%), BlackRock Inc. (5.22%), Fiduciary Management Inc. WI (2.76%) and Frontier Capital Management Co. LLC (2.71%). 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.
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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 $57.19.

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $3.72 billion and generates $6.82 billion in revenue each year. The company earns $104.80 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 7,582 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.