Beacon Roofing Supply, Inc. (NASDAQ: BECN) – Truist Securiti released its fiscal 2010 EPS estimates for shares in Beacon Roofing Supply in a report released on Monday, February 8th. Truist Securiti analyst K. Hughes expects the company to post an annual profit of $ 3.50. Truist Securiti also announced estimates for Beacon Roofing Supply’s fourth quarter 2022 earnings of $ 1.33 per share.
Several other stock analysts have also commented on the company. Loop Capital raised its target price on Beacon Roofing Supply from $ 42.00 to $ 46.00 and rated the company as a “Buy” in a research report on Friday, November 20. Truist raised its target price on Beacon Roofing Supply from $ 43.00 to $ 49.00 in a research report on Tuesday. Jefferies Financial Group upgraded Beacon Roofing Supply from a “Hold” rating to a “Buy” rating in a research report on Wednesday October 14th and raised its price target for the company from $ 33.00 to $ 44.00. 00 USD raised. In a research report on Tuesday, December 22nd, Deutsche Bank Aktiengesellschaft raised its price target for Beacon Roofing Supply from USD 41.00 to USD 44.00. Finally, Robert W. Baird raised his target price on Beacon Roofing Supply from $ 43.00 to $ 48.00 and rated the company as “Outperform” in a research report on Friday, November 20. One investment analyst has rated the stock with a sell rating, six with a hold rating, and nine with a buy rating. The stock has an average Buy rating and an average price target of $ 38.16.
BECN shares opened at $ 46.46 on Wednesday. Beacon Roofing Supply has a 1 year low of $ 11.66 and a 1 year high of $ 48.48. The company has a current rate of 1.82, a quick rate of 1.25, and a leverage ratio of 1.56. The stock has a 50-day moving average of $ 41.53 and a 200-day moving average of $ 35.77. The stock has a market capitalization of $ 3.22 billion, a price to earnings ratio of -27.85, and a beta of 1.97. Beacon Roofing Supply (NASDAQ: BECN) last released its quarterly results on Sunday, February 7th. The company reported earnings of $ 1.15 per share for the quarter, beating the consensus estimate of $ 0.60 by $ 0.55. The company had revenue of $ 1.83 billion for the quarter, compared to analyst expectations of $ 1.70 billion. Beacon Roofing Supply achieved a positive return on equity of 10.89% and a negative net margin of 1.16%. The company’s quarterly sales increased 9.0% year over year. For the same quarter last year, the company posted earnings of $ 0.36 per share.
And now it starts again, because a supply crisis could trigger a new lithium craze.
Institutional investors recently changed their holdings in the company. Sei Investments Co. increased its stake in Beacon Roofing Supply by 12.8% in the third quarter. Sei Investments Co. now owns 204,449 shares in the company, valued at $ 6,352,000, after purchasing an additional 23,138 shares last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Beacon Roofing Supply valued at approximately $ 2,135,000 in the third quarter. Contravisory Investment Management Inc. acquired a new stake in Beacon Roofing Supply valued at approximately $ 165,000 in the fourth quarter. UBS Asset Management Americas Inc. increased its position in shares of Beacon Roofing Supply by 9.7% in the third quarter. UBS Asset Management Americas Inc. now owns 78,699 shares in the company valued at $ 2,445,000 after purchasing an additional 6,930 shares last quarter. Ultimately, Strs Ohio acquired a new stake in Beacon Roofing Supply worth approximately $ 257,000 in the third quarter.
Beacon Roofing Supply company profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials and ancillary construction products to contractors, home builders, builders and retailers. The company’s residential roofing products include asphalt shingles, synthetic slate and brick, clay and concrete tile, slate, nail base insulation, metal roofing, felt, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edging and siding, pre-made moldings, ridges and Reveal openings and solar systems.
Selected Item: Oversold
This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
20 equity analysts cannot finish the upgrade
As you know, a single upgrade from a broker is unlikely to mean a huge change for an individual stock. But what if there was a stock that was upgraded by 10+ different brokers in the past 90 days?
If ten different brokers have all upgraded a stock in the past few months and the price hasn’t risen (at least not yet), this is a good time to take a closer look.
It turns out that there are actually 20 different companies that have been upgraded by more than ten different brokers or have had their price target increased at least ten times in the past ninety days. This slideshow lists these companies.
See the “20 Equity Analysts Cannot Complete the Upgrade”.