Beacon Roofing Supply (BECN) Projected to Post Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Beacon Roofing Supply to post earnings of $1.66 per share and revenue of $2.43 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Beacon Roofing Supply Price Performance

BECN stock opened at $115.42 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $7.11 billion, a PE ratio of 19.73 and a beta of 1.62. Beacon Roofing Supply has a 12-month low of $77.54 and a 12-month high of $121.42. The business’s fifty day moving average price is $111.50 and its 200 day moving average price is $100.73.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BECN shares. BMO Capital Markets boosted their target price on Beacon Roofing Supply from $125.00 to $136.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Zelman & Associates cut Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of Beacon Roofing Supply in a research note on Friday, November 1st. StockNews.com started coverage on Beacon Roofing Supply in a research note on Friday. They set a “sell” rating for the company. Finally, Royal Bank of Canada boosted their target price on Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Beacon Roofing Supply presently has a consensus rating of “Hold” and an average price target of $120.17.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.