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.
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Industry, Sector and Symbol
Industry Lumber & other construction materials
Sub-IndustryTrading Companies & Distributors
SectorRetail/Wholesale
Phone571-323-3939
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.11 billion
Profitability
Miscellaneous
Employees8,147
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable
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) posted its quarterly earnings results on Monday, February, 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. Beacon Roofing Supply had a positive return on equity of 8.60% and a negative net margin of 0.47%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. View Beacon Roofing Supply's Earnings History.
When is Beacon Roofing Supply's next earnings date?
What price target have analysts set for BECN?
14 brokerages have issued twelve-month price targets for Beacon Roofing Supply's stock. Their forecasts range from $28.00 to $40.00. On average, they anticipate Beacon Roofing Supply's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Beacon Roofing Supply.
What is the consensus analysts' recommendation for Beacon Roofing Supply?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 1 sell rating, 9 hold ratings and 4 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 trended negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Beacon Roofing Supply earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Beacon Roofing Supply.
Who are some of Beacon Roofing Supply's key competitors?
Some companies that are related to Beacon Roofing Supply include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), MSC Industrial Direct (MSM), GATX (GATX), Applied Industrial Technologies (AIT), Aircastle (AYR), WESCO International (WCC), Kaman (KAMN), Rush Enterprises (RUSHA), H&E Equipment Services (HEES), MRC Global (MRC) and DXP Enterprises (DXPE).
What other stocks do shareholders of Beacon Roofing Supply own?
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 number of of retail and institutional investors. Top institutional shareholders include Iridian Asset Management LLC CT (4.55%), FMR LLC (3.68%), Goldman Sachs Group Inc. (3.11%), State Street Corp (2.03%), Victory Capital Management Inc. (2.03%) and Victory Capital Management Inc. (2.02%). 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 Jennison Associates LLC, Public Employees Retirement Association of Colorado, Iridian Asset Management LLC CT, New York State Common Retirement Fund, Bank of America Corp DE, Redmond Asset Management LLC, Arcadia Investment Management Corp MI and Sei Investments Co.. 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 purchased by a variety of institutional investors in the last quarter, including FMR LLC, Man Group plc, Goldman Sachs Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Russell Investments Group Ltd., Madison Asset Management LLC and Franklin Resources Inc.. 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 $33.95.
How big of a company is Beacon Roofing Supply?
Beacon Roofing Supply has a market capitalization of $2.34 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?
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)
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.
