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) posted its quarterly earnings data on Thursday, May, 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The company earned $870.70 million during the quarter, compared to the consensus estimate of $814.74 million. Beacon Roofing Supply had a net margin of 2.37% and a return on equity of 9.42%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. View Beacon Roofing Supply's Earnings History.

Beacon Roofing Supply is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Beacon Roofing Supply.

7 brokerages have issued 12 month target prices 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 $51.00 in the next twelve months. 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 Supply expects revenues to grow in the range of 6–9% year over year in fiscal 2017 and adjusted earnings per share to be around $2.34. The company will continue to focus on revenue growth, both organically and through acquisitions while improving margins and operating expense leverage in fiscal 2017. Further, it will benefit from roofing and re-roofing demand. However, the timing of these replacement decisions can vary due to economic factors and weather conditions. The company’s performance will be hurt by seasonality in business and low asphalt shingle demand. Beacon Roofing has underperformed the Zacks sub-industry’s growth in the past one year." (7/18/2017)
• 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), TripAdvisor (TRIP), Dunkin' Brands Group (DNKN), Liberty Interactive Corporation (LVNTA), AutoNation (AN), Dick's Sporting Goods (DKS), Bed Bath & Beyond (BBBY), Caseys General Stores (CASY), Cabela's (CAB), Signet Jewelers Limited (SIG), Tech Data Corporation (TECD), Wayfair (W), Williams-Sonoma (WSM), Penske Automotive Group (PAG), Cracker Barrel Old Country Store (CBRL), The Michaels Companies (MIK), Texas Roadhouse (TXRH) and Office Depot (ODP).

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 many different of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (2.78%), Dudley & Shanley LLC (1.16%), Bank of Montreal Can (0.10%), US Bancorp DE (0.06%), Legato Capital Management LLC (0.05%) and Skylands Capital LLC (0.03%). 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, Stuart A Randle and Wilson B Sexton. View Institutional Ownership Trends for Beacon Roofing Supply.

Beacon Roofing Supply's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Dudley & Shanley LLC, US Bancorp DE, Skylands Capital LLC and Integrated Investment Consultants LLC. View Insider Buying and Selling for Beacon Roofing Supply.

Beacon Roofing Supply's stock was purchased by a variety of institutional investors in the last quarter, including Legato Capital Management LLC, Bank of Montreal Can, Aperio Group LLC and Huntington National Bank. 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 $47.26.