Beacon Roofing Supply (BECN) Receives News Impact Score of 0.21
News coverage about Beacon Roofing Supply (NASDAQ:BECN) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Beacon Roofing Supply earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5785883570436 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Seaport Global Securities Weighs in on Beacon Roofing Supply, Inc.’s Q1 2018 Earnings (BECN) (americanbankingnews.com)
- Beacon Roofing Supply, Inc. (BECN) Expected to Announce Earnings of $0.54 Per Share (americanbankingnews.com)
- As United Parcel Service Cl B (UPS) Market Valuation Declined, Shareholder Quotient Investors Has Boosted Position … – Hill Country Times (hillcountrytimes.com)
- Q2 2018 EPS Estimates for Beacon Roofing Supply, Inc. (BECN) Decreased by Analyst (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for January 5th (zacks.com)
Beacon Roofing Supply (NASDAQ:BECN) traded down $0.02 during midday trading on Monday, hitting $64.47. The stock had a trading volume of 457,215 shares, compared to its average volume of 631,920. The stock has a market cap of $4,370.00, a PE ratio of 39.31, a PEG ratio of 0.82 and a beta of 1.49. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. Beacon Roofing Supply has a fifty-two week low of $39.57 and a fifty-two week high of $66.47.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Monday, November 20th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts expect that Beacon Roofing Supply will post 3.16 EPS for the current fiscal year.
Several brokerages recently commented on BECN. BidaskClub upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a report on Thursday, November 23rd. Robert W. Baird restated an “outperform” rating and issued a $70.00 target price (up from $55.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. SunTrust Banks upped their target price on Beacon Roofing Supply to $62.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $63.00 target price (up from $62.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.91.
In other Beacon Roofing Supply news, EVP Ross D. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total value of $119,500.00. Following the sale, the executive vice president now owns 7,056 shares of the company’s stock, valued at approximately $421,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul Isabella sold 40,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the completion of the sale, the chief executive officer now directly owns 172,046 shares in the company, valued at approximately $10,420,826.22. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.
Beacon Roofing Supply Company Profile
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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