Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $2.37 billion. The companyÂ’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 other accessories. It currently has negative earnings. The Company’s 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 stock decreased 0.52% or $0.18 during the last trading session, reaching $34.65. About 155,401 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 13.90% since September 20, 2018 and is downtrending. It has underperformed by 13.90% the S&P500.
Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on November, 18. They expect $1.24 EPS, up 15.89 % or $0.17 from last year’s $1.07 per share. BECN’s profit will be $84.96 million for 6.99 P/E if the $1.24 EPS becomes a reality. After $0.92 actual EPS reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts 34.78 % EPS growth.
Dudley & Shanley Inc. holds 6.7% of its portfolio in Beacon Roofing Supply, Inc. for 755,932 shares. Spitfire Capital Llc owns 108,490 shares or 4.17% of their US portfolio. Moreover, Redmond Asset Management Llc has 3.84% invested in the company for 243,477 shares. The Texas-based Robertson Opportunity Capital Llc has invested 3.36% in the stock. 12Th Street Asset Management Company Llc, a Illinois-based fund reported 250,731 shares.
Asphalt Roofing Sheet
Ratings analysis reveals 33% of Beacon Roofing Supply’s analysts are positive. Out of 6 Wall Street analysts rating Beacon Roofing Supply, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $31 while the high is $45. The stock’s average target of $38.79 is 11.95% above today’s ($34.65) share price. BECN was included in 8 notes of analysts from March 26, 2019. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Hold” rating by J.P. Morgan on Tuesday, March 26. The company was maintained on Tuesday, March 26 by RBC Capital Markets. Buckingham Research maintained it with “Neutral” rating and $31 target in Tuesday, March 26 report. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by SunTrust on Monday, March 25. Raymond James maintained the stock with “Buy” rating in Tuesday, March 26 report. On Tuesday, March 26 the stock rating was maintained by Robert W. Baird with “Neutral”.
More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Benzinga.com which released: “Earnings Scheduled For May 7, 2019 – Benzinga” on May 07, 2019, also Nasdaq.com with their article: “Home Depot Ramps Up Hiring to Benefit From Spring Season – Nasdaq” published on March 06, 2019, Businesswire.com published: “Beacon Roofing Supply to Participate in Baird 2019 Global Consumer, Technology & Services Conference – Business Wire” on May 31, 2019. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Finance.Yahoo.com and their article: “Notable Insider Buys This Past Week: AbbVie, MGM and More – Yahoo Finance” published on June 30, 2019 as well as Nasdaq.com‘s news article titled: “Beacon Roofing Supply (BECN) Q3 Earnings and Revenues Lag Estimates – Nasdaq” with publication date: August 06, 2019.
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