Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) – Stock analysts at Jefferies Financial Group upped their Q3 2022 earnings per share (EPS) estimates for Beacon Roofing Supply in a research note issued to investors on Saturday, August 6th. Jefferies Financial Group analyst P. Ng now anticipates that the company will post earnings per share of $2.19 for the quarter, up from their previous estimate of $1.94. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $6.65 per share. Jefferies Financial Group also issued estimates for Beacon Roofing Supply’s Q4 2022 earnings at $1.27 EPS and FY2022 earnings at $7.22 EPS.
Several other analysts have also recently issued reports on BECN. William Blair cut Beacon Roofing Supply from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 19th. Robert W. Baird raised their price target on Beacon Roofing Supply from $74.00 to $83.00 in a research note on Friday, May 6th. Royal Bank of Canada cut Beacon Roofing Supply from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $70.00 to $58.00 in a research note on Wednesday, June 22nd. Stephens cut their price target on Beacon Roofing Supply from $72.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company cut their price target on Beacon Roofing Supply from $67.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 28th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Beacon Roofing Supply has a consensus rating of “Hold” and an average target price of $61.63.
Beacon Roofing Supply Stock Down 3.4 %
Shares of NASDAQ BECN opened at $57.95 on Tuesday. The stock has a market cap of $3.98 billion, a P/E ratio of 12.30 and a beta of 1.79. The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Beacon Roofing Supply has a 12-month low of $45.71 and a 12-month high of $65.30. The business’s fifty day simple moving average is $56.43 and its 200-day simple moving average is $57.95.
Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.44. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Beacon Roofing Supply had a return on equity of 28.81% and a net margin of 5.25%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the firm earned $1.59 earnings per share.
Insiders Place Their Bets
In other news, major shareholder Cd&R Investment Associates Ix, acquired 103,931 shares of the company’s stock in a transaction on Friday, July 29th. The shares were …….