Beacon Roofing Supply - BECN Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 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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8 brokerages have issued 12-month price targets for Beacon Roofing Supply's stock. Their BECN share price forecasts range from $54.00 to $79.00. On average, they predict the company's stock price to reach $61.75 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
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Beacon Roofing Supply's stock was trading at $57.35 at the beginning of 2022. Since then, BECN stock has increased by 3.7% and is now trading at $59.47.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) posted its quarterly earnings results on Thursday, November, 18th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 5.52% and a trailing twelve-month return on equity of 31.40%. The business's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share.

Beacon Roofing Supply issued an update on its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.17 billion-$8.30 billion, compared to the consensus revenue estimate of $8.31 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 a variety of institutional and retail investors. Top institutional investors include Clayton Dubilier & Rice LLC (22.87%), Vanguard Group Inc. (7.20%), Dimensional Fund Advisors LP (6.30%), BlackRock Inc. (5.22%), Fiduciary Management Inc. WI (2.76%) and Frontier Capital Management Co. LLC (2.71%). 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, Julian Francis, Richard W Frost and Stuart A Randle.
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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 $59.47.

Beacon Roofing Supply (NASDAQ:BECN) has a market capitalization of $3.87 billion and generates $6.82 billion in revenue each year. The company earns $104.80 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 7,582 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.