Beacon Roofing Supply (BECN) to Release Quarterly Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect Beacon Roofing Supply to post earnings of ($0.19) per share and revenue of $1.83 billion for the quarter.

Beacon Roofing Supply (NASDAQ:BECN) last announced its earnings results on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. On average, analysts expect Beacon Roofing Supply to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Beacon Roofing Supply Stock Performance

Shares of BECN stock opened at $124.17 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The company has a market capitalization of $7.67 billion, a P/E ratio of 21.23 and a beta of 1.31. The company’s 50 day moving average price is $120.69 and its two-hundred day moving average price is $111.87. Beacon Roofing Supply has a 52 week low of $77.54 and a 52 week high of $124.31.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BECN shares. 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. Loop Capital reissued a “hold” rating and set a $124.00 price target on shares of Beacon Roofing Supply in a research report on Friday, March 21st. William Blair reissued a “market perform” rating on shares of Beacon Roofing Supply in a research report on Thursday, March 20th. Robert W. Baird boosted their price target on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Finally, Raymond James cut shares of Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Beacon Roofing Supply presently has an average rating of “Hold” and an average price target of $121.47.

Insider Activity

In other Beacon Roofing Supply news, insider Clement Munroe Best III sold 29,724 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total value of $3,657,538.20. Following the transaction, the insider now directly owns 87,943 shares of the company’s stock, valued at $10,821,386.15. This represents a 25.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Stuart Bennett sold 8,487 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $122.14, for a total transaction of $1,036,602.18. Following the completion of the transaction, the insider now directly owns 22,642 shares in the company, valued at approximately $2,765,493.88. This represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,806 shares of company stock valued at $6,745,448. 1.30% of the stock is owned by company insiders.

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.