NASDAQ:BECNBeacon Roofing Supply Stock Price, Forecast & News

Beacon Roofing Supply's stock was trading at $21.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BECN stock has increased by 46.0% and is now trading at $31.45.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Beacon Roofing Supply is scheduled to release its next quarterly earnings announcement on Monday, November 23rd 2020.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) announced its quarterly earnings results on Thursday, August, 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.32. The firm earned $1.79 billion during the quarter, compared to analysts' expectations of $1.74 billion. Beacon Roofing Supply had a negative net margin of 1.80% and a positive return on equity of 9.30%. The business's quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS.
View Beacon Roofing Supply's earnings history.

12 equities research analysts have issued twelve-month target prices for Beacon Roofing Supply's shares. Their forecasts range from $15.50 to $38.00. On average, they anticipate Beacon Roofing Supply's share price to reach $26.35 in the next year. This suggests that the stock has a possible downside of 16.2%.
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Media coverage about BECN stock has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Beacon Roofing Supply earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Beacon Roofing Supply.

Some companies that are related to Beacon Roofing Supply include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), Applied Industrial Technologies (AIT), GATX (GATX), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Beacon Roofing Supply investors own include AT&T (T), Micron Technology (MU), Home Depot (HD), Procter & Gamble (PG), Abbott Laboratories (ABT), Activision Blizzard (ATVI), General Electric (GE), GW Pharmaceuticals PLC- (GWPH), AbbVie (ABBV) and Adobe (ADBE).

Beacon Roofing Supply trades on the NASDAQ under the ticker symbol "BECN."

Beacon Roofing Supply's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (7.61%), Vanguard Group Inc. (7.56%), Victory Capital Management Inc. (2.00%), Frontier Capital Management Co. LLC (1.92%), Russell Investments Group Ltd. (1.69%) and Goldman Sachs Group Inc. (1.68%). Company insiders that own Beacon Roofing Supply stock include C Eric Swank, Carl T Berquist, Cd&R Investment Associates Ix,, Christopher Anthony Harrison, Paul Isabella, Philip Knisely, Richard W Frost, Stuart A Randle and Thomas David Schmitz.
View institutional ownership trends for Beacon Roofing Supply.

BECN stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Federated Hermes Inc., Frontier Capital Management Co. LLC, Fisher Asset Management LLC, New York State Common Retirement Fund, Bank of New York Mellon Corp, SG Americas Securities LLC, and Swiss National Bank.
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BECN stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Russell Investments Group Ltd., Glenmede Trust Co. NA, Duality Advisers LP, Soapstone Management L.P., UBS Group AG, Hudson Bay Capital Management LP, and Cubist Systematic Strategies LLC. 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, Paul Isabella, Philip Knisely, and Richard W Frost.
View insider buying and selling activity for 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.

One share of BECN stock can currently be purchased for approximately $31.45.

Beacon Roofing Supply has a market capitalization of $2.17 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.

The official website for Beacon Roofing Supply is www.becn.com.

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]