Brokerages predict that Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) will report $2.11 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Beacon Roofing Supply’s earnings. The highest EPS estimate is $2.50 and the lowest is $1.67. Beacon Roofing Supply reported earnings per share of $1.59 during the same quarter last year, which would indicate a positive year over year growth rate of 32.7%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Beacon Roofing Supply will report full year earnings of $6.08 per share for the current year, with EPS estimates ranging from $5.23 to $7.28. For the next fiscal year, analysts anticipate that the company will post earnings of $6.20 per share, with EPS estimates ranging from $5.39 to $7.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Beacon Roofing Supply.
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Beacon Roofing Supply from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 20th. Wells Fargo & Company lifted their target price on shares of Beacon Roofing Supply from $59.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 21st. Robert W. Baird raised their price target on shares of Beacon Roofing Supply from $74.00 to $83.00 in a report on Friday, May 6th. Truist Financial cut their price target on shares of Beacon Roofing Supply from $58.00 to $55.00 in a report on Monday, February 7th. Finally, StockNews.com started coverage on shares of Beacon Roofing Supply in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Beacon Roofing Supply presently has an average rating of “Hold” and a consensus target price of $63.22.
Shares of NASDAQ:BECN opened at $61.28 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 17.71 and a beta of 1.77. The company’s fifty day moving average is $60.03 and its 200 day moving average is $57.09. Beacon Roofing Supply has a 52 week low of $46.62 and a 52 week high of $64.90. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.01.
In other Beacon Roofing Supply news, major shareholder Cd&R Investment Associates Ix, purchased 102,219 shares of the stock in a transaction that occurred on Friday, April 29th. The stock was bought at an average cost of $58.70 per share, with a total value of $6,000,255.30. Following the transaction, the insider now directly owns 14,755,648 shares in the company, valued at approximately $866,156,537.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clement Munroe …….