Beacon Roofing Supply - BECN Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

9 analysts have issued 1 year target prices for Beacon Roofing Supply's stock. Their BECN share price forecasts range from $54.00 to $91.00. On average, they predict the company's stock price to reach $70.57 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
View analysts price targets for BECN or view top-rated stocks among Wall Street analysts.

Beacon Roofing Supply's stock was trading at $52.79 at the beginning of 2023. Since then, BECN stock has increased by 6.5% and is now trading at $56.23.
View the best growth stocks for 2023 here.

Beacon Roofing Supply saw a drop in short interest in February. As of February 28th, there was short interest totaling 2,320,000 shares, a drop of 8.3% from the February 13th total of 2,530,000 shares. Based on an average trading volume of 441,200 shares, the days-to-cover ratio is currently 5.3 days. Currently, 4.8% of the shares of the company are sold short.
View Beacon Roofing Supply's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our BECN earnings forecast.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) announced its quarterly earnings results on Thursday, November, 18th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by $0.32. The firm earned $1.88 billion during the quarter, compared to the consensus estimate of $1.88 billion. Beacon Roofing Supply had a net margin of 5.44% and a trailing twelve-month return on equity of 30.06%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share.

ETFs with the largest weight of Beacon Roofing Supply (NASDAQ:BECN) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Hoya Capital Housing ETF (HOMZ), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Mid Cap Value AlphaDEX Fund (FNK), iShares U.S. Home Construction ETF (ITB), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and First Trust Mid Cap Core AlphaDEX Fund (FNX).

Beacon Roofing Supply issued an update on its FY 2023 earnings guidance on Friday, February, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.60 billion-$8.77 billion, compared to the consensus revenue estimate of $7.33 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 retail and institutional investors. Top institutional shareholders include Clayton Dubilier & Rice LLC (23.03%), Dimensional Fund Advisors LP (6.16%), American Century Companies Inc. (5.60%), T. Rowe Price Investment Management Inc. (5.37%), Fiduciary Management Inc. WI (2.70%) and Fuller & Thaler Asset Management Inc. (2.62%). 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 and Julian Francis.
View institutional ownership trends.

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.

One share of BECN stock can currently be purchased for approximately $56.23.

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $3.61 billion and generates $8.43 billion in revenue each year. The company earns $458.40 million in net income (profit) each year or $5.56 on an earnings per share basis.

The company employs 7,478 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.