Equities analysts expect Beacon Roofing Supply, Inc. (NASDAQ:BECN) to post sales of $1.66 billion for the current quarter, according to Zacks. Nine analysts have issued estimates for Beacon Roofing Supply’s earnings. The lowest sales estimate is $1.53 billion and the highest is $1.73 billion. Beacon Roofing Supply posted sales of $1.12 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 48.2%. The business is expected to announce its next earnings results on Thursday, February 14th.

On average, analysts expect that Beacon Roofing Supply will report full-year sales of $7.13 billion for the current fiscal year, with estimates ranging from $7.02 billion to $7.19 billion. For the next year, analysts forecast that the firm will report sales of $7.38 billion, with estimates ranging from $7.17 billion to $7.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Beacon Roofing Supply.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Monday, November 19th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.29). Beacon Roofing Supply had a net margin of 1.54% and a return on equity of 11.23%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business’s revenue was up 50.4% on a year-over-year basis.

Several research analysts recently issued reports on the stock. Longbow Research reissued a “buy” rating on shares of Beacon Roofing Supply in a report on Monday, September 24th. Robert W. Baird lowered shares of Beacon Roofing Supply from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $37.00 in a research report on Tuesday, October 2nd. BidaskClub lowered shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. William Blair lowered shares of Beacon Roofing Supply from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research report on Monday, October 8th. Finally, Raymond James set a $45.00 target price on shares of Beacon Roofing Supply and gave the stock a “buy” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.13.

In other Beacon Roofing Supply news, Director Richard W. Frost purchased 10,675 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average cost of $31.61 per share, with a total value of $337,436.75. Following the acquisition, the director now owns 22,495 shares of the company’s stock, valued at approximately $711,066.95. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl T. Berquist purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was acquired at an average cost of $33.05 per share, with a total value of $165,250.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $330,500. The disclosure for this purchase can be found here. Insiders bought a total of 23,625 shares of company stock valued at $753,469 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc lifted its stake in shares of Beacon Roofing Supply by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 5,993,864 shares of the company’s stock worth $216,918,000 after acquiring an additional 96,227 shares during the period. Vanguard Group Inc. raised its holdings in shares of Beacon Roofing Supply by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,993,864 shares of the company’s stock worth $216,918,000 after purchasing an additional 96,227 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Beacon Roofing Supply by 1.3% during the second quarter. BlackRock Inc. now owns 5,024,154 shares of the company’s stock valued at $214,131,000 after acquiring an additional 65,371 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of Beacon Roofing Supply by 15.5% during the third quarter. Frontier Capital Management Co. LLC now owns 3,748,239 shares of the company’s stock valued at $135,649,000 after acquiring an additional 502,149 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Beacon Roofing Supply by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,058,449 shares of the company’s stock valued at $110,687,000 after acquiring an additional 315,299 shares during the period.

Shares of BECN opened at $34.16 on Friday. Beacon Roofing Supply has a fifty-two week low of $24.97 and a fifty-two week high of $63.92. The stock has a market cap of $2.37 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.59 and a quick ratio of 0.97.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.

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

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