Somewhat Positive Press Coverage Somewhat Unlikely to Impact Beacon Roofing Supply (BECN) Share Price
Media headlines about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing 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 media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.4494523983179 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- IHS Markit Score Update: Rise in demand for ETFs holding Beacon Roofing Supply Inc is a positive for its shares (finance.yahoo.com)
- NY Sells 2500 Shares of Beacon Roofing Supply, Inc. (BECN) (overnewsmagazine.com)
- Beacon Roofing Supply, Inc. :BECN-US: Earnings Analysis: Q3, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Analysts Set Expectations for Beacon Roofing Supply, Inc.’s FY2017 Earnings (NASDAQ:BECN) (americanbankingnews.com)
Shares of Beacon Roofing Supply (NASDAQ BECN) traded down 0.40% during mid-day trading on Friday, hitting $41.86. 470,091 shares of the stock traded hands. Beacon Roofing Supply has a 12-month low of $39.50 and a 12-month high of $52.12. The stock has a market cap of $2.53 billion, a P/E ratio of 24.86 and a beta of 1.32. The firm’s 50 day moving average price is $46.78 and its 200-day moving average price is $47.69.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by $0.06. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.27 billion. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. Analysts predict that Beacon Roofing Supply will post $2.20 earnings per share for the current year.
Several research analysts have issued reports on BECN shares. BidaskClub downgraded shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $48.00) on shares of Beacon Roofing Supply in a report on Thursday, May 11th. William Blair reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Beacon Roofing Supply in a report on Friday, April 14th. Royal Bank Of Canada lifted their target price on shares of Beacon Roofing Supply from $51.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.50.
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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