Somewhat Positive News Coverage Somewhat Unlikely to Affect Beacon Roofing Supply (BECN) Share Price
Press coverage about Beacon Roofing Supply (NASDAQ:BECN) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. 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 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.0386857428524 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- BRIEF-Beacon Roofing Supply to buy Allied Building Products from CRH for $2.63 bln (feeds.reuters.com)
- CRH sells U.S. distribution arm to Beacon Roofing for $2.6 billion (feeds.reuters.com)
- Beacon Roofing Supply to Acquire Allied Building Products from CRH for $2.625 Billion in Cash (finance.yahoo.com)
- Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock Closed -11.0% Below Its 50 Day Moving Average (highlightpress.com)
- Beacon Roofing Supply, Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
A number of analysts have weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $58.00 price objective on shares of Beacon Roofing Supply in a research note on Monday, July 24th. BidaskClub lowered shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wedbush reiterated a “neutral” rating and issued a $47.00 price target on shares of Beacon Roofing Supply in a research note on Wednesday, May 31st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.50.
Shares of Beacon Roofing Supply (NASDAQ BECN) opened at 39.64 on Thursday. Beacon Roofing Supply has a 12 month low of $39.50 and a 12 month high of $52.12. The company’s 50-day moving average is $45.02 and its 200 day moving average is $47.46. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 23.54 and a beta of 1.32.
Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.06. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.77 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Beacon Roofing Supply will post $2.20 earnings per share for the current year.
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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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