Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Jefferies Financial Group decreased their Q3 2022 EPS estimates for shares of Beacon Roofing Supply in a research note issued to investors on Wednesday, January 12th. Jefferies Financial Group analyst P. Ng now expects that the company will post earnings per share of $1.60 for the quarter, down from their previous estimate of $1.61. Jefferies Financial Group also issued estimates for Beacon Roofing Supply’s Q4 2022 earnings at $1.75 EPS.
Several other equities analysts have also commented on the company. Raymond James upgraded Beacon Roofing Supply from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Monday, December 6th. Truist Securities downgraded Beacon Roofing Supply from a “buy” rating to a “hold” rating and lowered their price target for the company from $65.00 to $58.00 in a research report on Monday, November 29th. Royal Bank of Canada raised Beacon Roofing Supply from a “sector perform” rating to an “outperform” rating and set a $63.00 price target for the company in a research report on Monday, October 18th. They noted that the move was a valuation call. Truist downgraded Beacon Roofing Supply from a “buy” rating to a “hold” rating and lowered their price target for the company from $65.00 to $58.00 in a research report on Monday, November 29th. They noted that the move was a valuation call. Finally, Stephens boosted their price target on Beacon Roofing Supply from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.62.
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Beacon Roofing Supply stock opened at $55.56 on Monday. The firm has a market capitalization of $3.90 billion, a P/E ratio of -41.77 and a beta of 2.01. The stock has a fifty day moving average price of $55.52 and a 200 day moving average price of $53.10. Beacon Roofing Supply has a 52 week low of $38.79 and a 52 week high of $60.93. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.94. Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Thursday, November 18th. The company reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.32). The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.88 billion. Beacon Roofing Supply had a negative net margin of 0.69% and a positive return on equity of 22.23%. The business’s revenue for the quarter was up 6.9% …….
Source: https://www.marketbeat.com/instant-alerts/nasdaq-becn-analyst-earnings-estimates-2022-01-2/