Zacks Research Issues Pessimistic Estimate for BECN Earnings

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Stock analysts at Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for shares of Beacon Roofing Supply in a research note issued to investors on Wednesday, March 12th. Zacks Research analyst S. Mukherjee now forecasts that the company will post earnings per share of ($0.18) for the quarter, down from their previous estimate of $0.47. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Beacon Roofing Supply’s FY2025 earnings at $6.93 EPS, Q1 2026 earnings at $0.33 EPS and FY2026 earnings at $7.87 EPS.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%.

Several other equities research analysts have also weighed in on the company. Zelman & Associates lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird raised their price objective on Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised their target price on Beacon Roofing Supply from $119.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a research report on Monday, March 3rd. Finally, BMO Capital Markets decreased their target price on Beacon Roofing Supply from $136.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $119.95.

Beacon Roofing Supply Stock Performance

BECN opened at $119.90 on Monday. The firm has a market cap of $7.38 billion, a PE ratio of 20.50 and a beta of 1.63. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $115.41 and a 200-day simple moving average of $103.53. Beacon Roofing Supply has a fifty-two week low of $77.54 and a fifty-two week high of $121.42.

Institutional Trading of Beacon Roofing Supply

A number of institutional investors have recently bought and sold shares of BECN. FMR LLC boosted its position in Beacon Roofing Supply by 17.6% during the third quarter. FMR LLC now owns 6,435,880 shares of the company’s stock valued at $556,253,000 after purchasing an additional 963,633 shares during the last quarter. Norges Bank acquired a new stake in Beacon Roofing Supply during the fourth quarter valued at $94,573,000. Balyasny Asset Management L.P. acquired a new stake in Beacon Roofing Supply during the fourth quarter valued at $68,588,000. Janus Henderson Group PLC boosted its position in Beacon Roofing Supply by 1,449.0% during the third quarter. Janus Henderson Group PLC now owns 615,593 shares of the company’s stock valued at $53,205,000 after purchasing an additional 575,852 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Beacon Roofing Supply by 1,192.1% during the third quarter. Citigroup Inc. now owns 513,692 shares of the company’s stock valued at $44,398,000 after purchasing an additional 473,937 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.