Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Seaport Global Securities cut their Q1 2019 EPS estimates for Beacon Roofing Supply in a research note issued to investors on Tuesday, November 20th. Seaport Global Securities analyst M. Mccall now forecasts that the company will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.77. Seaport Global Securities currently has a “Buy” rating and a $34.00 price objective on the stock. Seaport Global Securities also issued estimates for Beacon Roofing Supply’s Q2 2019 earnings at ($0.17) EPS, Q4 2019 earnings at $1.36 EPS, FY2019 earnings at $3.15 EPS and FY2020 earnings at $3.55 EPS.

A number of other analysts also recently weighed in on the stock. Robert W. Baird downgraded shares of Beacon Roofing Supply from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $37.00 in a research report on Tuesday, October 2nd. Longbow Research reissued a “buy” rating on shares of Beacon Roofing Supply in a research report on Monday, September 24th. Wedbush reissued an “outperform” rating and set a $50.00 price target on shares of Beacon Roofing Supply in a research report on Thursday, August 23rd. William Blair downgraded shares of Beacon Roofing Supply from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research report on Monday, October 8th. Finally, Wells Fargo & Co downgraded shares of Beacon Roofing Supply from a “market perform” rating to an “underperform” rating and set a $58.00 price target for the company. in a research report on Wednesday, August 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.27.

BECN stock opened at $32.81 on Thursday. Beacon Roofing Supply has a twelve month low of $24.97 and a twelve month high of $66.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.07 and a quick ratio of 1.14. The company has a market cap of $1.91 billion, a PE ratio of 12.15, a P/E/G ratio of 0.39 and a beta of 1.44.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data on Monday, November 19th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.29). Beacon Roofing Supply had a net margin of 1.54% and a return on equity of 11.32%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.93 EPS. The firm’s revenue was up 50.4% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Beacon Roofing Supply by 1.3% in the second quarter. BlackRock Inc. now owns 5,024,154 shares of the company’s stock worth $214,131,000 after purchasing an additional 65,371 shares during the period. Private Management Group Inc. acquired a new position in Beacon Roofing Supply in the second quarter worth $5,739,000. Soapstone Management L.P. bought a new stake in Beacon Roofing Supply in the second quarter valued at $8,524,000. Macquarie Group Ltd. bought a new stake in Beacon Roofing Supply in the second quarter valued at $755,000. Finally, Skylands Capital LLC lifted its stake in Beacon Roofing Supply by 9.2% in the third quarter. Skylands Capital LLC now owns 613,750 shares of the company’s stock valued at $22,212,000 after buying an additional 51,950 shares during the last quarter.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.

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

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