Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,050,000 shares, a drop of 17.3% from the January 31st total of 1,270,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 791,800 shares, the short-interest ratio is currently 1.3 days.
Beacon Roofing Supply Stock Down 1.2 %
Beacon Roofing Supply stock opened at $111.51 on Wednesday. Beacon Roofing Supply has a 1-year low of $77.54 and a 1-year high of $121.42. The business has a fifty day moving average price of $113.00 and a 200-day moving average price of $101.95. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.91 and a quick ratio of 1.14. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 19.06 and a beta of 1.62.
Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.43 billion. Equities research analysts forecast that Beacon Roofing Supply will post 7.22 EPS for the current fiscal year.
Institutional Trading of Beacon Roofing Supply
Analyst Ratings Changes
Several brokerages have recently weighed in on BECN. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Beacon Roofing Supply in a research report on Monday. StockNews.com started coverage on Beacon Roofing Supply in a report on Saturday. They set a “sell” rating for the company. JPMorgan Chase & Co. lifted their price target on Beacon Roofing Supply from $119.00 to $136.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. BMO Capital Markets reduced their price target on Beacon Roofing Supply from $136.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus downgraded Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their price objective for the company from $131.00 to $122.55 in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $119.95.
Read Our Latest Stock Report on BECN
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.
Featured Stories
- Five stocks we like better than Beacon Roofing Supply
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Lemonade’s Q4 Surge: Has This AI-Powered Insurer Turned a Corner?
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- 2 Energy Stocks to Play Both Sides of Tariff Uncertainty
- How to Buy Cheap Stocks Step by Step
- Raytheon vs. Lockheed Martin: Which Stock Has More Upside?
Receive News & Ratings for Beacon Roofing Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Roofing Supply and related companies with MarketBeat.com's FREE daily email newsletter.