NASDAQ:BECNBeacon Roofing Supply Stock Price, Forecast & News

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 stock has increased by 21.6% and is now trading at $26.20. View which stocks have been most impacted by Coronavirus.

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.

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.

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

Beacon Roofing Supply updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 22nd. The company provided 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.

12 analysts have issued 1-year price targets for Beacon Roofing Supply's stock. Their forecasts range from $13.00 to $40.00. On average, they expect Beacon Roofing Supply's stock price to reach $27.21 in the next year. This suggests a possible upside of 3.8% from the stock's current price. View analysts' price targets for Beacon Roofing Supply.

News coverage about BECN stock has trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Beacon Roofing Supply earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage 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 near term. 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). View all competitors.

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).

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

Beacon Roofing Supply's stock is owned by a number of retail and institutional investors. Top institutional investors include Skyline Asset Management LP (0.36%) and Envestnet Asset Management Inc. (0.02%). 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 bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Envestnet Asset Management Inc.. 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 $26.20.

Beacon Roofing Supply has a market capitalization of $1.80 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]