Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Equities researchers at William Blair issued their Q2 2018 earnings per share estimates for Beacon Roofing Supply in a note issued to investors on Wednesday. William Blair analyst R. Merkel expects that the company will post earnings per share of ($0.04) for the quarter. William Blair has a “Neutral” rating and a $45.00 price objective on the stock.

Several other equities research analysts also recently weighed in on BECN. Royal Bank Of Canada raised their target price on shares of Beacon Roofing Supply from $51.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “sell” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, April 13th. Citigroup Inc. restated a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th. Wedbush restated a “neutral” rating and issued a $47.00 target price on shares of Beacon Roofing Supply in a research note on Wednesday, May 31st. Finally, BidaskClub downgraded shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Beacon Roofing Supply has an average rating of “Hold” and an average target price of $50.50.

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Shares of Beacon Roofing Supply (BECN) traded up 0.65% during trading on Monday, reaching $43.60. 133,438 shares of the company were exchanged. The firm has a market capitalization of $2.63 billion, a PE ratio of 25.89 and a beta of 1.32. The company’s 50-day moving average is $48.19 and its 200 day moving average is $47.83. Beacon Roofing Supply has a 1-year low of $39.50 and a 1-year high of $52.12.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.06. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Beacon Roofing Supply’s revenue was up 5.3% on a year-over-year basis.

A number of large investors have recently made changes to their positions in BECN. Legato Capital Management LLC increased its stake in shares of Beacon Roofing Supply by 4,816.0% in the first quarter. Legato Capital Management LLC now owns 100,090 shares of the company’s stock valued at $2,036,000 after buying an additional 98,054 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Beacon Roofing Supply by 61.0% in the first quarter. Rice Hall James & Associates LLC now owns 411,560 shares of the company’s stock valued at $20,232,000 after buying an additional 156,002 shares during the period. First Manhattan Co. increased its stake in shares of Beacon Roofing Supply by 0.3% in the first quarter. First Manhattan Co. now owns 325,710 shares of the company’s stock valued at $13,702,000 after buying an additional 927 shares during the period. Fisher Asset Management LLC increased its stake in shares of Beacon Roofing Supply by 2.0% in the first quarter. Fisher Asset Management LLC now owns 1,707,865 shares of the company’s stock valued at $83,959,000 after buying an additional 33,034 shares during the period. Finally, Strs Ohio increased its stake in shares of Beacon Roofing Supply by 0.4% in the first quarter. Strs Ohio now owns 111,100 shares of the company’s stock valued at $5,461,000 after buying an additional 400 shares during the period.

About Beacon Roofing Supply

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.

Earnings History and Estimates for Beacon Roofing Supply (NASDAQ:BECN)

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