Beacon Roofing Supply - BECN Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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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9 Wall Street analysts have issued 12 month target prices for Beacon Roofing Supply's stock. Their BECN share price forecasts range from $54.00 to $91.00. On average, they expect the company's share price to reach $70.57 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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Beacon Roofing Supply's stock was trading at $52.79 at the beginning of the year. Since then, BECN stock has increased by 11.6% and is now trading at $58.89.
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Beacon Roofing Supply saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 2,000,000 shares, a drop of 13.8% from the February 28th total of 2,320,000 shares. Based on an average daily trading volume, of 446,700 shares, the short-interest ratio is currently 4.5 days. Approximately 4.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) released its quarterly earnings results on Thursday, November, 18th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.54 by $0.32. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates 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%. Beacon Roofing Supply's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business 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), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and First Trust Mid Cap Core AlphaDEX Fund (FNX).

Beacon Roofing Supply updated 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.
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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 $58.89.

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $3.78 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.