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. Investors interested in participating in the company’s conference call can do so using this link.

Beacon Roofing Supply Stock Performance

NASDAQ BECN opened at $116.07 on Wednesday. The firm has a 50-day moving average of $111.72 and a 200-day moving average of $100.94. 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 stock has a market cap of $7.15 billion, a PE ratio of 19.84 and a beta of 1.62. Beacon Roofing Supply has a 52-week low of $77.54 and a 52-week high of $121.42.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $103.00 price objective on shares of Beacon Roofing Supply in a research note on Tuesday, November 19th. Stifel Nicolaus cut shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their target price for the company from $131.00 to $122.55 in a research report on Friday, February 7th. StockNews.com began coverage on shares of Beacon Roofing Supply in a research report on Friday, February 21st. They issued a “sell” rating for the company. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on shares of Beacon Roofing Supply from $125.00 to $136.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.