Beacon Roofing Supply (BECN) Projected to Post Quarterly Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) will likely be announcing its earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Beacon Roofing Supply Stock Performance

Shares of BECN opened at $116.07 on Wednesday. The company has a market capitalization of $7.15 billion, a PE ratio of 19.84 and a beta of 1.62. Beacon Roofing Supply has a one year low of $77.54 and a one year high of $121.42. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.91 and a quick ratio of 1.14. The company’s fifty day moving average price is $111.72 and its 200 day moving average price is $100.94.

Analyst Ratings Changes

Several research analysts have recently issued reports on BECN shares. StockNews.com started coverage on shares of Beacon Roofing Supply in a report on Friday, February 21st. They set a “sell” rating on the stock. Zelman & Associates lowered shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th. Stifel Nicolaus lowered shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and decreased their target price for the company from $131.00 to $122.55 in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $103.00 target price on shares of Beacon Roofing Supply in a research report on Tuesday, November 19th. Finally, Benchmark reiterated a “buy” rating and set a $140.00 target price on shares of Beacon Roofing Supply in a research report on Friday, November 1st. One investment 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. According to data from MarketBeat, Beacon Roofing Supply presently has an average 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.