Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Investment analysts at William Blair increased their Q1 2018 EPS estimates for Beacon Roofing Supply in a research note issued to investors on Tuesday. William Blair analyst R. Merkel now expects that the company will post earnings per share of $0.53 for the quarter, up from their previous estimate of $0.50.

Several other equities research analysts have also recently weighed in on the stock. Citigroup Inc. upped their price target on shares of Beacon Roofing Supply from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. KeyCorp raised shares of Beacon Roofing Supply from a “sector weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Friday, August 25th. Zacks Investment Research raised shares of Beacon Roofing Supply from a “strong sell” rating to a “hold” rating and set a $58.00 price target for the company in a research report on Tuesday, October 3rd. Wells Fargo & Company started coverage on shares of Beacon Roofing Supply in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 price target for the company. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $55.00 price target on shares of Beacon Roofing Supply in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Beacon Roofing Supply currently has a consensus rating of “Hold” and a consensus target price of $55.75.

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Shares of Beacon Roofing Supply (NASDAQ BECN) traded up $0.38 on Thursday, hitting $59.36. 1,148,900 shares of the stock traded hands, compared to its average volume of 508,408. Beacon Roofing Supply has a 52-week low of $39.57 and a 52-week high of $60.61. The stock has a market cap of $3,994.98, a PE ratio of 27.18, a PEG ratio of 2.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.30 and a quick ratio of 1.36.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.78%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in shares of Beacon Roofing Supply by 9.7% in the second quarter. Bank of Montreal Can now owns 61,767 shares of the company’s stock worth $3,027,000 after buying an additional 5,463 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Beacon Roofing Supply by 4.8% in the second quarter. Aperio Group LLC now owns 12,060 shares of the company’s stock worth $591,000 after buying an additional 547 shares during the last quarter. Huntington National Bank raised its holdings in shares of Beacon Roofing Supply by 3.8% in the second quarter. Huntington National Bank now owns 3,138 shares of the company’s stock worth $154,000 after buying an additional 116 shares during the last quarter. Personal Capital Advisors Corp purchased a new position in shares of Beacon Roofing Supply in the second quarter worth $536,000. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Beacon Roofing Supply by 8.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,448 shares of the company’s stock worth $316,000 after buying an additional 495 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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