Research Analysts Offer Predictions for BECN FY2024 Earnings

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Research analysts at Zacks Research decreased their FY2024 earnings estimates for Beacon Roofing Supply in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Mukherjee now forecasts that the company will earn $7.23 per share for the year, down from their previous forecast of $7.41. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $7.25 per share. Zacks Research also issued estimates for Beacon Roofing Supply’s Q3 2025 earnings at $2.99 EPS and Q3 2026 earnings at $3.11 EPS.

A number of other equities analysts have also recently weighed in on BECN. Royal Bank of Canada boosted their price target on Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Beacon Roofing Supply from $110.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stephens decreased their price target on shares of Beacon Roofing Supply from $107.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of Beacon Roofing Supply in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price objective on shares of Beacon Roofing Supply from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Beacon Roofing Supply currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.22.

Beacon Roofing Supply Price Performance

BECN stock opened at $108.51 on Monday. The stock’s 50 day moving average price is $91.58 and its 200 day moving average price is $92.43. The firm has a market cap of $6.72 billion, a P/E ratio of 18.55 and a beta of 1.54. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. Beacon Roofing Supply has a 1 year low of $77.54 and a 1 year high of $116.30.

Insider Buying and Selling

In related news, insider Clement Munroe Best III sold 5,637 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $100.47, for a total transaction of $566,349.39. Following the completion of the sale, the insider now owns 69,514 shares of the company’s stock, valued at approximately $6,984,071.58. This represents a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason L. Taylor sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $90.00, for a total transaction of $234,000.00. Following the completion of the transaction, the insider now owns 9,131 shares in the company, valued at $821,790. The trade was a 22.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,274 shares of company stock valued at $1,526,146. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Beacon Roofing Supply

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Beacon Roofing Supply during the 1st quarter valued at $26,000. Blue Trust Inc. raised its position in Beacon Roofing Supply by 222.1% in the third quarter. Blue Trust Inc. now owns 306 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the period. Quarry LP lifted its stake in shares of Beacon Roofing Supply by 180.7% during the third quarter. Quarry LP now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Beacon Roofing Supply in the third quarter worth about $28,000. Finally, GAMMA Investing LLC boosted its position in shares of Beacon Roofing Supply by 154.0% in the third quarter. GAMMA Investing LLC now owns 734 shares of the company’s stock worth $63,000 after buying an additional 445 shares during the period. 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.