Beacon Roofing Supply Company Profile (NASDAQ:BECN)

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

Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.06. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.27 billion. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. Beacon Roofing Supply's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. View Beacon Roofing Supply's Earnings History.

Beacon Roofing Supply is scheduled to release their next quarterly earnings announcement on Monday, November, 20th 2017. View Earnings Estimates for Beacon Roofing Supply.

11 analysts have issued 1 year price targets for Beacon Roofing Supply's stock. Their forecasts range from $45.00 to $58.00. On average, they anticipate Beacon Roofing Supply's share price to reach $52.73 in the next year. View Analyst Ratings for Beacon Roofing Supply.

Here are some recent quotes from research analysts about Beacon Roofing Supply stock:

• 1. According to Zacks Investment Research, "Beacon Roofing lowered revenue growth range for 2017 to 5-6% reflecting lower-than-expected sales rate in the third quarter. The company guides adjusted earnings per share between $2.15 and $2.25 for 2017. The commercial roofing market has been experiencing competitive pricing pressures recently. Year-over-year comparisons in the Southwest will remain difficult during the coming quarters and Eastern Canada will be impacted by competitive pressure; limited big project work and unfavorable weather. Beacon Roofing has underperformed the industry, year-to-date. However, Beacon Roofing's pending acquisition of Allied Building Products for $2.625 billion will catapult it to one of the largest public wholesale building materials distributors in North America. Beacon Roofing is also expected to benefit from the rebuilding activity triggered by the two back-to-back hurricanes Harvey and Irma." (10/3/2017)
• 2. Jefferies Group LLC analysts commented, "BECN reported an in-line quarter, with strong results in Resi, but visibility in Commercial remains limited. That said, mgmt's outlook remains unchanged and reiterated its guidance for FY. With that said, shares are trading at a fair value and facing more difficult comps this year, making it more challenging for the stock to outperform in a meaningful way and we remain comfortable with our Hold rating." (2/6/2017)

Some companies that are related to Beacon Roofing Supply include Companhia Brasileira de Distribuicao (CBD), KAR Auction Services (KAR), Macy's (M), Advance Auto Parts (AAP), Burlington Stores (BURL), Wayfair (W), TripAdvisor (TRIP), Dunkin' Brands Group (DNKN), Liberty Interactive Corporation (LVNTA), AutoNation (AN), Signet Jewelers Limited (SIG), Metro AG (MTTRY), Penske Automotive Group (PAG), Foot Locker (FL), The Michaels Companies (MIK), Wendy's Company (The) (WEN), Stamps.com (STMP) and Tempur Sealy International (TPX).

Beacon Roofing Supply's management team includes the folowing people:

• Robert R. Buck, Chairman of the Board
• Paul M. Isabella, President, Chief Executive Officer, Director
• Joseph M. Nowicki CPA, Chief Financial Officer, Executive Vice President
• Ross D. Cooper, Executive Vice President, General Counsel, Secretary
• Carl T. Berquist, Independent Director
• Richard W. Frost, Independent Director
• Alan Gershenhorn, Independent Director
• Robert M. McLaughlin, Independent Director
• Neil S. Novich, Independent Director

Beacon Roofing Supply's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.79%), Skylands Capital LLC (0.34%), Arcadia Investment Management Corp MI (0.20%) and Strs Ohio (0.18%). Company insiders that own Beacon Roofing Supply stock include Associates Viii Ltd Cd&R, Carl T Berquist, James J Gaffney, Paul Isabella, Robert M Mclaughlin, Robert R Buck, Ross D Cooper and Wilson B Sexton. View Institutional Ownership Trends for Beacon Roofing Supply.

Beacon Roofing Supply's stock was acquired by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Fisher Asset Management LLC, Strs Ohio and Arcadia Investment Management Corp MI. Company insiders that have bought Beacon Roofing Supply stock in the last two years include Carl T Berquist and Robert M Mclaughlin. View Insider Buying and Selling for Beacon Roofing Supply.

Shares of Beacon Roofing Supply can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Beacon Roofing Supply stock can currently be purchased for approximately $55.69.