Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Investment analysts at Jefferies Group cut their Q1 2018 EPS estimates for shares of Beacon Roofing Supply in a research report issued on Monday. Jefferies Group analyst P. Ng now anticipates that the company will earn $0.54 per share for the quarter, down from their prior estimate of $0.60. Jefferies Group currently has a “Buy” rating and a $73.00 price target on the stock. Jefferies Group also issued estimates for Beacon Roofing Supply’s FY2018 earnings at $3.48 EPS.

Several other brokerages have also commented on BECN. Wedbush reiterated a “neutral” rating and issued a $46.00 target price (down previously from $52.00) on shares of Beacon Roofing Supply in a research report on Friday, November 17th. Zacks Investment Research upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 23rd. Robert W. Baird restated a “buy” rating and set a $55.00 price objective on shares of Beacon Roofing Supply in a research report on Thursday, October 12th. BidaskClub upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, KeyCorp restated a “buy” rating and set a $56.00 price objective on shares of Beacon Roofing Supply in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.82.

Beacon Roofing Supply (NASDAQ:BECN) opened at $60.50 on Wednesday. The company has a market capitalization of $4,195.71, a P/E ratio of 37.12, a PEG ratio of 1.29 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.06 and a quick ratio of 1.35. Beacon Roofing Supply has a 12-month low of $39.57 and a 12-month high of $66.47.

Beacon Roofing Supply (NASDAQ:BECN) last issued 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 firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. Beacon Roofing Supply’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS.

In other Beacon Roofing Supply news, CEO Paul Isabella sold 40,000 shares of Beacon Roofing Supply stock in a transaction on Monday, November 27th. The stock was sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the sale, the chief executive officer now owns 172,046 shares of the company’s stock, valued at approximately $10,420,826.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of Beacon Roofing Supply stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the sale, the executive vice president now directly owns 7,056 shares in the company, valued at approximately $421,596. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. 1st Global Advisors Inc. raised its stake in Beacon Roofing Supply by 0.8% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,836 shares of the company’s stock valued at $482,000 after acquiring an additional 76 shares in the last quarter. Advisor Group Inc. raised its stake in Beacon Roofing Supply by 8.9% during the 2nd quarter. Advisor Group Inc. now owns 3,877 shares of the company’s stock valued at $190,000 after acquiring an additional 316 shares in the last quarter. Amalgamated Bank raised its stake in Beacon Roofing Supply by 5.1% during the 2nd quarter. Amalgamated Bank now owns 7,704 shares of the company’s stock valued at $377,000 after acquiring an additional 373 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Beacon Roofing Supply by 1.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,235 shares of the company’s stock valued at $1,433,000 after acquiring an additional 395 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Beacon Roofing Supply by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,427 shares of the company’s stock valued at $2,275,000 after acquiring an additional 517 shares in the last quarter.

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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.

Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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