Beacon Roofing Supply (BECN) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Beacon Roofing Supply in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BECN shares.
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12 brokers have issued 12 month price targets for Beacon Roofing Supply's shares. Their BECN share price targets range from $68.00 to $135.00. On average, they predict the company's stock price to reach $102.92 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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Beacon Roofing Supply's stock was trading at $87.02 at the start of the year. Since then, BECN stock has increased by 7.4% and is now trading at $93.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Beacon Roofing Supply, Inc. (NASDAQ:BECN) released its quarterly earnings results on Tuesday, February, 27th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.69 by $0.22. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. Beacon Roofing Supply had a net margin of 4.74% and a trailing twelve-month return on equity of 26.95%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS.

ETFs with the largest weight of Beacon Roofing Supply (NASDAQ:BECN) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), JPMorgan Active Small Cap Value ETF (JPSV), Hoya Capital Housing ETF (HOMZ), iShares U.S. Home Construction ETF (ITB), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and American Century STOXX U.S. Quality Growth ETF (QGRO).

62 employees have rated Beacon Roofing Supply Chief Executive Officer Julian Francis on Glassdoor.com. Julian Francis has an approval rating of 27% among the company's employees. This puts Julian Francis in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 71.0% of employees surveyed would recommend working at Beacon Roofing Supply to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Beacon Roofing Supply investors own include AT&T (T), Micron Technology (MU), GW Pharmaceuticals (GWPH), Home Depot (HD), RTX (RTX), Procter & Gamble (PG), Abbott Laboratories (ABT), Adobe (ADBE), Activision Blizzard (ATVI) and General Electric (GE).

Beacon Roofing Supply's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.20%), Benson Investment Management Company Inc. (0.06%), Los Angeles Capital Management LLC (0.05%), Global Assets Advisory LLC (0.02%), Hennion & Walsh Asset Management Inc. (0.00%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Cd&R Investment Associates Ix,, Christine Stroh Reddy, Christopher Carl Nelson, Clement Munroe Best III, Jason L Taylor, Julian Francis and Stuart A Randle.
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Shares of BECN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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