Somewhat Critical Press Coverage Somewhat Unlikely to Impact Beacon Roofing Supply (NASDAQ:BECN) Share Price
News articles about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat negative on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.2880750739852 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- FY2017 EPS Estimates for Beacon Roofing Supply, Inc. (BECN) Reduced by Analyst (americanbankingnews.com)
- Jefferies Group Weighs in on Beacon Roofing Supply, Inc.’s FY2017 Earnings (NASDAQ:BECN) (americanbankingnews.com)
- SunTrust Banks Weighs in on Beacon Roofing Supply, Inc.’s FY2017 Earnings (BECN) (americanbankingnews.com)
- Beacon Roofing Supply, Inc. (BECN) Price Target Cut to $50.00 (americanbankingnews.com)
- Beacon Roofing Supply Inc. Profit Rises 10% In Q3 (markets.businessinsider.com)
BECN has been the topic of several recent analyst reports. William Blair reissued a “neutral” rating and set a $45.00 price target on shares of Beacon Roofing Supply in a research report on Friday, April 14th. Zacks Investment Research raised Beacon Roofing Supply from a “sell” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Thursday, April 13th. Citigroup Inc. reissued a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Beacon Roofing Supply in a research report on Thursday, May 11th. Royal Bank Of Canada upped their price target on Beacon Roofing Supply from $51.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Finally, Wedbush reissued a “neutral” rating and set a $47.00 price target on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Beacon Roofing Supply has an average rating of “Hold” and a consensus target price of $50.50.
Shares of Beacon Roofing Supply (BECN) traded up 0.80% on Friday, reaching $43.01. The company’s stock had a trading volume of 584,053 shares. The company has a 50 day moving average price of $48.19 and a 200 day moving average price of $47.83. The company has a market cap of $2.59 billion, a P/E ratio of 25.54 and a beta of 1.32. Beacon Roofing Supply has a 52-week low of $39.50 and a 52-week high of $52.12.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.65%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Beacon Roofing Supply will post $2.25 earnings per share for the current fiscal year.
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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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