NASDAQ:BECNBeacon Roofing Supply Stock Price, Forecast & News

$22.75

+0.41 (+1.84 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$21.96

Now: $22.75▼

$22.83

50-Day Range

$13.31

MA: $19.39▼

$22.90

52-Week Range

$11.66

Now: $22.75▼

$37.92

Volume311,053 shs

Average Volume659,840 shs

Market Capitalization$1.57 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.77

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems. Its non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products. The company also provides complementary building products, such as vinyl and fiber cement sidings; drywall products; acoustic tiles; stone veneers, windows, doors, skylights, and gutters and downspouts; decking and railing, water proofing, and insulation products; air barriers; and concrete restoration systems. In addition, it offers value-added services, including advice and assistance on product identification, specification, technical support, and training; job site delivery, rooftop loading, and logistical services; tapered insulation design and related layout services; metal fabrication and related metal roofing design and layout services; trade credit and online bill pay; and marketing support for contractors. As of September 30, 2017, the company operated through a network of 549 branches in 50 states of the United States and 6 provinces in Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is headquartered in Herndon, Virginia.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Beacon Roofing Supply has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 4 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.38, Beacon Roofing Supply has a potential upside of 15.9% from its current price of $22.75.
Amount of Analyst Coverage
Beacon Roofing Supply has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Beacon Roofing Supply has received 390 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Beacon Roofing Supply has received 419 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Beacon Roofing Supply has received 51.79% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Beacon Roofing Supply and other stocks. Vote “Outperform” if you believe BECN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BECN will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Beacon Roofing Supply does not currently pay a dividend.
Dividend Growth
Beacon Roofing Supply does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Beacon Roofing Supply insiders have bought more of their company's stock than they have sold. Specifically, they have bought $123,907.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Beacon Roofing Supply is held by insiders.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Beacon Roofing Supply are expected to grow by 18.49% in the coming year, from $1.46 to $1.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Beacon Roofing Supply is -13.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Beacon Roofing Supply is -13.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Beacon Roofing Supply has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.95 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Lumber & other construction materials

Sub-IndustryTrading Companies & Distributors

SectorRetail/Wholesale

Current SymbolNASDAQ:BECN

Previous Symbol

CUSIP07368510

CIK1124941

Webwww.becn.com

Phone571-323-3939

Debt

Debt-to-Equity Ratio2.06

Current Ratio2.71

Quick Ratio1.78

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio15.58

P/E GrowthN/A

Sales & Book Value

Annual Sales$7.11 billion

Price / Sales0.22

Cash Flow$6.65 per share

Price / Cash Flow3.42

Book Value$27.19 per share

Price / Book0.84

Profitability

EPS (Most Recent Fiscal Year)$2.26

Net Income$-10,610,000.00

Net Margins-1.24%

Return on Equity9.42%

Return on Assets2.57%

Miscellaneous

Employees8,147

Outstanding Shares68,836,000

Market Cap$1.57 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Beacon Roofing Supply (NASDAQ:BECN) Frequently Asked Questions

How has Beacon Roofing Supply's stock been impacted by COVID-19 (Coronavirus)?

Beacon Roofing Supply's stock was trading at $21.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BECN shares have increased by 5.6% and is now trading at $22.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Beacon Roofing Supply?

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." View analyst ratings for Beacon Roofing Supply.

When is Beacon Roofing Supply's next earnings date?

Beacon Roofing Supply is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Beacon Roofing Supply.

How were Beacon Roofing Supply's earnings last quarter?

Beacon Roofing Supply, Inc. (NASDAQ:BECN) issued its quarterly earnings data on Thursday, May, 7th. The company reported ($0.27) EPS for the quarter, hitting the consensus estimate of ($0.27). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Beacon Roofing Supply had a negative net margin of 1.24% and a positive return on equity of 9.42%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned ($1.08) earnings per share. View Beacon Roofing Supply's earnings history.

What guidance has Beacon Roofing Supply issued on next quarter's earnings?

Beacon Roofing Supply updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.46-1.46 billion, compared to the consensus revenue estimate of $1.43 billion.

What price target have analysts set for BECN?

12 Wall Street analysts have issued 1 year price objectives for Beacon Roofing Supply's stock. Their forecasts range from $13.00 to $40.00. On average, they anticipate Beacon Roofing Supply's share price to reach $26.38 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price. View analysts' price targets for Beacon Roofing Supply.

What are Wall Street 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 reported lower-than-expected fiscal fourth-quarter 2019 results. Its adjusted earnings missed the Zacks Consensus Estimate by 11.1% and fell 2.8% year over year. Its net sales also lagged analysts’ expectation by 1.4% but grew 4.9% from the prior year, given strong residential roofing business. Adjusted EBITDA margin contracted 90 basis points (bps). Despite undertaking various cost-saving initiatives, the company witnessed higher raw material costs. Also, incremental costs related to acquisitions added to the woes. Shares of Beacon Roofing have underperformed its industry year to date. Earnings estimates for fiscal 2020 have been trending downward over the past seven days, reflecting analysts' concern surrounding its bottom-line prospects." (11/27/2019)
2. Evercore ISI analysts commented, "We note that if rainfall was relatively normal, then revenues would apparently have matched our outlook, but EPS would have still fallen short by ~$0.15. Along with earnings, BECN lowered its FY19 guidance for sales ($7.1-$7.2bn), EBITDA ($490-$510mm), and EPS ($2.30-$2.50; 4Q midpoint of $1.33)." (8/8/2019)

Has Beacon Roofing Supply been receiving favorable news coverage?

News coverage about BECN stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press 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 news sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutBeacon Roofing Supply.

Are investors shorting Beacon Roofing Supply?

Beacon Roofing Supply saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,990,000 shares, an increase of 10.5% from the April 30th total of 3,610,000 shares. Based on an average trading volume of 720,500 shares, the short-interest ratio is presently 5.5 days. Approximately 7.3% of the company's shares are sold short. View Beacon Roofing Supply's Current Options Chain.

Who are some of Beacon Roofing Supply's key competitors?

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), GATX (GATX), Applied Industrial Technologies (AIT), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE). View all competitors.

What other stocks do shareholders of Beacon Roofing Supply own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Beacon Roofing Supply investors own include AT&T (T), General Electric (GE), Micron Technology (MU), GW Pharmaceuticals PLC- (GWPH), Home Depot (HD), AbbVie (ABBV), Adobe (ADBE), Caterpillar (CAT), Chipotle Mexican Grill (CMG) and Cognizant Technology Solutions (CTSH).

Who are Beacon Roofing Supply's key executives?

Beacon Roofing Supply's management team includes the following people:

Mr. Paul M. Isabella, CEO, Pres & Director (Age 63)
Mr. Joseph M. Nowicki, Exec. VP & CFO (Age 57)
Mr. C. Eric Swank, Chief Operating Officer (Age 50)
Mr. Christopher A. Harrison, Chief HR Officer & Exec. VP (Age 52)
Mr. Thomas D. Schmitz, VP & Chief Accounting Officer (Age 51)

What is Beacon Roofing Supply's stock symbol?

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

Who are Beacon Roofing Supply's major shareholders?

Beacon Roofing Supply's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Clayton Dubilier & Rice LLC (20.00%), BlackRock Inc. (6.18%), Iridian Asset Management LLC CT (4.70%), Fuller & Thaler Asset Management Inc. (3.31%), Atlanta Capital Management Co. L L C (2.60%) and Frontier Capital Management Co. LLC (2.04%). 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.

Which major investors are selling Beacon Roofing Supply stock?

BECN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Fisher Asset Management LLC, Frontier Capital Management Co. LLC, Squarepoint Ops LLC, State Street Corp, Balyasny Asset Management LLC, First Manhattan Co., and Morgan Stanley. Company insiders that have sold Beacon Roofing Supply company stock in the last year include Stuart A Randle, and Thomas David Schmitz. View insider buying and selling activity for Beacon Roofing Supply.

Which major investors are buying Beacon Roofing Supply stock?

BECN stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Atlanta Capital Management Co. L L C, Fuller & Thaler Asset Management Inc., Eminence Capital LP, WCM Investment Management LLC, Federated Hermes Inc., Iridian Asset Management LLC CT, and Lord Abbett & CO. 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.

How do I buy shares of 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.

What is Beacon Roofing Supply's stock price today?

One share of BECN stock can currently be purchased for approximately $22.75.

How big of a company is Beacon Roofing Supply?

Beacon Roofing Supply has a market capitalization of $1.57 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.

What is Beacon Roofing Supply's official website?

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

How can I contact Beacon Roofing Supply?

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff