Beacon Roofing Supply (BECN) Earns Media Impact Rating of 0.11
News articles about Beacon Roofing Supply (NASDAQ:BECN) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Beacon Roofing Supply earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.9800645554903 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have recently commented on BECN. SunTrust Banks reiterated a “buy” rating and set a $55.00 price target on shares of Beacon Roofing Supply in a report on Monday, October 2nd. Jefferies Group upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $54.00 in a report on Friday, August 25th. KeyCorp upgraded shares of Beacon Roofing Supply from a “sector weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a report on Friday, August 25th. Royal Bank of Canada restated an “outperform” rating and issued a $63.00 target price (up previously from $62.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Finally, Wells Fargo & Company started coverage on shares of Beacon Roofing Supply in a report on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $56.91.
Beacon Roofing Supply (NASDAQ:BECN) traded down $0.33 during trading hours on Monday, hitting $61.63. 489,990 shares of the stock traded hands, compared to its average volume of 527,881. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4,196.83, a P/E ratio of 28.55, a PEG ratio of 0.80 and a beta of 1.49. Beacon Roofing Supply has a one year low of $39.57 and a one year high of $64.88.
Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. Beacon Roofing Supply had a return on equity of 11.38% and a net margin of 3.50%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. equities research analysts predict that Beacon Roofing Supply will post 3.08 earnings per share for the current year.
In other news, CEO Paul Isabella sold 40,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were 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 directly owns 172,046 shares of the company’s stock, valued at $10,420,826.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total transaction of $119,500.00. Following the sale, the executive vice president now directly owns 7,056 shares of the company’s stock, valued at $421,596. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.
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.
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