Beacon Roofing Supply (BECN) to Release Quarterly Earnings on Thursday

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

Beacon Roofing Supply Price Performance

BECN stock opened at $119.21 on Thursday. Beacon Roofing Supply has a one year low of $77.54 and a one year high of $121.42. The company’s fifty day moving average price is $110.86 and its 200-day moving average price is $99.86. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The company has a market capitalization of $7.34 billion, a PE ratio of 20.38 and a beta of 1.62.

Analyst Ratings Changes

BECN has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Beacon Roofing Supply from $119.00 to $136.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their price target on shares of Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of Beacon Roofing Supply in a research report on Friday, November 1st. Stephens restated an “equal weight” rating and issued a $103.00 price target on shares of Beacon Roofing Supply in a research report on Tuesday, November 19th. Finally, StockNews.com assumed coverage on shares of Beacon Roofing Supply in a research report on Thursday, February 13th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $120.17.

About Beacon Roofing Supply

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.