Media headlines about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Beacon Roofing Supply earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.4249265789498 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

A number of equities analysts have recently weighed in on BECN shares. Wedbush reissued a “neutral” rating and issued a $46.00 price target (down from $52.00) on shares of Beacon Roofing Supply in a report on Friday, November 17th. Robert W. Baird reissued a “buy” rating and issued a $55.00 price target on shares of Beacon Roofing Supply in a report on Thursday, October 12th. Zacks Investment Research raised Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a report on Thursday, November 23rd. KeyCorp reissued a “buy” rating and issued a $56.00 price target on shares of Beacon Roofing Supply in a report on Sunday, October 15th. Finally, BidaskClub raised Beacon Roofing Supply from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.64.

Shares of Beacon Roofing Supply (BECN) opened at $62.64 on Monday. The company has a market capitalization of $4,240.00, a price-to-earnings ratio of 38.20, a PEG ratio of 1.30 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.06 and a quick ratio of 1.35. Beacon Roofing Supply has a 1 year low of $39.57 and a 1 year high of $66.47.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. Beacon Roofing Supply’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. analysts expect that Beacon Roofing Supply will post 3.2 EPS for the current year.

In other Beacon Roofing Supply news, CEO Paul Isabella sold 40,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the completion of the sale, the chief executive officer now owns 172,046 shares of the company’s stock, valued at $10,420,826.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the sale, the executive vice president now directly owns 7,056 shares of the company’s stock, valued at approximately $421,596. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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