About Beacon Roofing Supply (NASDAQ:BECN)
Beacon Roofing Supply, Inc. is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products. The residential roofing products include asphalt shingles, clay tile, slate and metal roofing, among others. The non-residential roofing products include single-ply roofing, asphalt, metal, modified bitumen and build-up roofing, among others. The complementary building products include vinyl siding, fiber cement siding, stone veneer and windows, among others. The Company offers its products under various trade names, including Alabama Roofing Supply, Atlantic Building Products, Applicators Sales, Southern Roof Center, Statewide Wholesale, Structural Materials and The Roof Center.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Construction Supplies & Fixtures Wholesale
- Sub-Industry: Trading Companies & Distributors
- Symbol: NASDAQ:BECN
- CUSIP: 07368510
- Web: www.beaconroofingsupply.com
- Market Cap: $3.36 billion
- Outstanding Shares: 60,371,000
- 50 Day Moving Avg: $50.86
- 200 Day Moving Avg: $48.39
- 52 Week Range: $39.57 - $56.36
Sales & Book Value:
- Trailing P/E Ratio: 33.07
- Foreward P/E Ratio: 21.84
- P/E Growth: 1.67
- Annual Revenue: $4.26 billion
- Price / Sales: 0.79
- Book Value: $23.21 per share
- Price / Book: 2.40
- EBITDA: $373.75 million
- Net Margins: 2.42%
- Return on Equity: 9.55%
- Return on Assets: 4.06%
- Debt-to-Equity Ratio: 0.86%
- Current Ratio: 2.30%
- Quick Ratio: 1.36%
- Average Volume: 826,472 shs.
- Beta: 1.32
- Short Ratio: 6.58
Frequently Asked Questions for Beacon Roofing Supply (NASDAQ:BECN)
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) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by $0.06. The company earned $1.21 billion during 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 was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. View Beacon Roofing Supply's Earnings History.
When will Beacon Roofing Supply make its next earnings announcement?
Where is Beacon Roofing Supply's stock going? Where will Beacon Roofing Supply's stock price be in 2017?
11 equities research analysts have issued twelve-month price objectives for Beacon Roofing Supply's shares. Their predictions range from $45.00 to $58.00. On average, they expect Beacon Roofing Supply's share price to reach $52.73 in the next twelve months. View Analyst Ratings for Beacon Roofing Supply.
What are 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 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)
Who are some of Beacon Roofing Supply's key competitors?
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), Caseys General Stores (CASY), Signet Jewelers Limited (SIG), Metro AG (MTTRY), Penske Automotive Group (PAG), Foot Locker (FL), The Michaels Companies (MIK), Wendy's Company (The) (WEN) and Stamps.com (STMP).
Who are Beacon Roofing Supply's key executives?
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
Who owns Beacon Roofing Supply stock?
Beacon Roofing Supply's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (2.79%), Skylands Capital LLC (0.34%) and Arcadia Investment Management Corp MI (0.20%). 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.
Who bought Beacon Roofing Supply stock? Who is buying Beacon Roofing Supply stock?
Beacon Roofing Supply's stock was bought by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Fisher Asset Management LLC 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.
How do I buy Beacon Roofing Supply stock?
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.
What is Beacon Roofing Supply's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Beacon Roofing Supply stock can currently be purchased for approximately $55.69.
Consensus Ratings for Beacon Roofing Supply (NASDAQ:BECN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.64)|
|Consensus Price Target: ||$52.73 (5.32% downside)|Consensus Price Target History for Beacon Roofing Supply (NASDAQ:BECN)
Analysts' Ratings History for Beacon Roofing Supply (NASDAQ:BECN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$58.00||N/A|
|10/12/2017||Robert W. Baird||Reiterated Rating||Buy||$55.00||N/A|
|10/10/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$53.00||N/A|
|10/2/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$55.00||Low|
|8/28/2017||Citigroup Inc.||Boost Price Target||Neutral||$48.00 -> $51.00||Low|
|8/25/2017||Northcoast Research||Upgrade||Neutral -> Buy||$53.00||High|
|8/25/2017||Jefferies Group LLC||Upgrade||Hold -> Buy||$50.00 -> $54.00||High|
|4/14/2017||William Blair||Reiterated Rating||Neutral||$45.00||N/A|
|12/7/2016||Seaport Global Securities||Initiated Coverage||Buy||$53.00||N/A|
|6/10/2016||BB&T Corporation||Upgrade||Hold -> Buy||$51.00||N/A|
|2/8/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$48.00||N/A|
|1/21/2016||Longbow Research||Upgrade||Neutral -> Buy||N/A|
|11/30/2015||Stephens||Downgrade||Overweight -> Equal Weight||$40.00 -> $46.00||N/A|
|10/26/2015||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||N/A|
Earnings History for Beacon Roofing Supply (NASDAQ:BECN)Earnings History by Quarter for Beacon Roofing Supply (NASDAQ BECN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q3 2017||$0.90||$0.84||$1.27 billion||$1.21 billion||View||Listen|
|5/4/2017||Q2 2017||($0.06)||($0.04)||$814.74 million||$870.70 million||View||Listen|
|2/2/2017||Q117||$0.43||$0.44||$1,000.00 million||$1.00 billion||View||Listen|
|11/21/2016||Q416||$0.91||$0.88||$1.28 billion||$1.17 billion||View||Listen|
|8/2/2016||Q316||$0.76||$0.77||$1.15 billion||$1.15 billion||View||Listen|
|5/2/2016||Q216||($0.22)||$0.03||$673.38 million||$823.50 million||View||N/A|
|2/5/2016||Q116||$0.35||$0.41||$938.66 million||$976.50 million||View||Listen|
|11/24/2015||Q415||$0.69||$0.75||$786.37 million||$787.73 million||View||Listen|
|8/6/2015||Q315||$0.63||$0.56||$721.05 million||$718.20 million||View||Listen|
|5/8/2015||Q215||($0.21)||($0.20)||$433.70 million||$413.20 million||View||Listen|
|2/6/2015||Q115||$0.28||$0.26||$602.22 million||$596.00 million||View||N/A|
|11/25/2014||Q414||$0.61||$0.48||$731.30 million||$726.50 million||View||Listen|
|8/8/2014||Q314||$0.58||$0.54||$662.94 million||$663.40 million||View||N/A|
|5/9/2014||Q214||($0.06)||($0.25)||$416.84 million||$384.89 million||View||N/A|
|2/6/2014||Q114||$0.36||$0.30||$573.20 million||$552.10 million||View||N/A|
|11/26/2013||Q4||$0.62||$0.56||$686.12 million||$683.50 million||View||Listen|
|8/9/2013||Q3 2013||$0.71||$0.55||$668.77 million||$627.20 million||View||N/A|
|5/10/2013||Q2 2013||$0.01||($0.02)||$417.79 million||$416.00 million||View||N/A|
|2/8/2013||Q1 2013||$0.41||$0.39||$521.45 million||$514.00 million||View||N/A|
Earnings Estimates for Beacon Roofing Supply (NASDAQ:BECN)
2017 EPS Consensus Estimate: $2.26
2018 EPS Consensus Estimate: $2.60
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Beacon Roofing Supply (NASDAQ:BECN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Beacon Roofing Supply (NASDAQ:BECN)
Insider Ownership Percentage: 0.75%Insider Trades by Quarter for Beacon Roofing Supply (NASDAQ:BECN)
Institutional Ownership Percentage: 90.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/7/2016||Carl T Berquist||Director||Buy||5,000||$44.81||$224,050.00|| |
|8/26/2016||Paul Isabella||CEO||Sell||45,000||$46.31||$2,083,950.00|| |
|8/9/2016||Robert M Mclaughlin||Director||Buy||6,000||$45.79||$274,740.00|| |
|7/7/2016||Ross D Cooper||EVP||Sell||8,403||$47.50||$399,142.50|| |
|6/23/2016||Robert R Buck||Chairman||Sell||17,556||$45.37||$796,515.72|| |
|5/20/2016||Associates Viii Ltd. Cd&R||Major Shareholder||Sell||8,536,500||$42.28||$360,923,220.00|| |
|2/8/2016||Wilson B Sexton||Director||Sell||7,385||$37.29||$275,386.65|| |
|12/24/2015||James J. Gaffney||Director||Sell||11,250||$42.00||$472,500.00|| |
|9/17/2015||Stuart A. Randle||Director||Sell||16,000||$36.37||$581,920.00|| |
|3/31/2015||Stuart A Randle||Director||Sell||10,000||$31.26||$312,600.00|| |
|2/18/2015||Wilson B Sexton||Director||Sell||5,520||$27.99||$154,504.80|| |
|9/30/2014||Wilson B Sexton||Director||Sell||13,900||$25.41||$353,199.00|| |
|11/29/2013||Robert Buck||Chairman||Sell||9,317||$37.13||$345,940.21|| |
|11/29/2013||Ross Cooper||VP||Sell||5,388||$37.02||$199,463.76|| |
|6/7/2013||Rick C Welker||CAO||Sell||1,875||$41.08||$77,025.00|| |
|1/18/2013||Ross D Cooper||VP||Sell||36,575||$35.05||$1,281,953.75|| |
|8/10/2012||Rick C Welker||CAO||Sell||1,539||$25.75||$39,629.25|| |
|8/9/2012||David R Grace||CFO||Sell||157,494||$25.88||$4,075,944.72|| |
Headline Trends for Beacon Roofing Supply (NASDAQ:BECN)
Latest Headlines for Beacon Roofing Supply (NASDAQ:BECN)
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Beacon Roofing Supply (BECN) Chart for Monday, October, 23, 2017