Beacon Roofing Supply (BECN) Receiving Somewhat Favorable News Coverage, Report Finds
Media stories about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0065781550076 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Beacon Roofing Supply, Inc. Prices Public Offering of Common Stock (finance.yahoo.com)
- Technical Snapshots for These General Building Materials Stocks — Beacon Roofing Supply, Forterra, JELD-WEN, and NCI Building Systems (nasdaq.com)
- Beacon Roofing Supply announces share offering (seekingalpha.com)
- Beacon Roofing Supply (BECN) Announces $300M Common Share Offering (streetinsider.com)
- Brokerages Expect Beacon Roofing Supply, Inc. (BECN) to Announce $0.95 Earnings Per Share (americanbankingnews.com)
Beacon Roofing Supply (BECN) opened at 49.91 on Friday. The firm’s 50-day moving average price is $45.06 and its 200-day moving average price is $47.77. Beacon Roofing Supply has a 1-year low of $39.50 and a 1-year high of $52.12. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 29.64 and a beta of 1.30.
Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Wednesday, August 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts forecast that Beacon Roofing Supply will post $2.20 EPS for the current fiscal year.
Several analysts recently weighed in on BECN shares. Wedbush reissued a “neutral” rating and set a $47.00 price target on shares of Beacon Roofing Supply in a report on Wednesday, May 31st. Zacks Investment Research raised Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and set a $58.00 price target on shares of Beacon Roofing Supply in a report on Monday, July 24th. BidaskClub cut Beacon Roofing Supply from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC raised Beacon Roofing Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $54.00 in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $52.00.
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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