Beacon Roofing Supply (BECN) to Release Quarterly Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) will release its quarterly earnings after the market closes on Thursday, August 5. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Parties wishing to register for the company’s conference call can do so via this link.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly results on Thursday, May 6. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.22. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Beacon Roofing Supply had a negative net margin of 2.41% and a positive return on equity of 16.33%. Analysts expect Beacon Roofing Supply to average $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Beacon Roofing Supply stock opened at $52.89 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.04 and a quick ratio of 1.24. The company has a market cap of $3.70 billion, a P/E ratio of -19.09 and a beta of 2.02. The stock has a simple 50-day moving average of $54.38. Beacon Roofing Supply has a 12-month low of $27.61 and a 12-month high of $60.93.

BECN has been the subject of several recent research reports. Wells Fargo & Company acquired the shares of Beacon Roofing Supply in a research note on Thursday, July 15. They gave the company an “equal weight” rating and a price target of $58.00. Truist Securities raised its price target on shares of Beacon Roofing Supply from $49.00 to $68.00 in a research report on Friday, May 7. Loop Capital raised its price target for shares of Beacon Roofing Supply from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, April 20. Robert W. Baird reiterated an “outperform” rating and set a price target of $66.00 (previously up $65.00) for shares of Beacon Roofing Supply in a research report on Thursday, July 15. Finally, Truist raised their price target for shares of Beacon Roofing Supply from $49.00 to $68.00 in a research report on Friday, May 7. Six equity research analysts have rated the stock with a hold rating and seven have recommended the company’s stock to buy. The company currently has a consensus rating of “Buy” and a consensus price target of $56.08.

In other Beacon Roofing Supply news, insider Clement Munroe Best III sold 4,000 shares of the company in a transaction dated Friday, May 7. The shares were sold at an average price of $60.00 for a total value of $240,000. 1.00% of the shares are currently owned by business insiders.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials. It also distributes complementary building products, including siding, windows, specialty exterior building products, insulation and waterproofing systems for building exteriors. The company was founded on August 22, 1997 and is headquartered in Herndon, VA.

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Earnings History for Beacon Roofing Supply (NASDAQ:BECN)

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