Beacon Roofing Supply (BECN) to Release Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) will likely be releasing its Q1 2025 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 - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. 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 Up 0.0 %

Shares of NASDAQ BECN traded up $0.03 during midday trading on Tuesday, hitting $124.22. 8,317,300 shares of the company's stock were exchanged, compared to its average volume of 1,189,153. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.91 and a quick ratio of 1.14. Beacon Roofing Supply has a twelve month low of $77.54 and a twelve month high of $124.31. The company has a market cap of $7.68 billion, a PE ratio of 21.23 and a beta of 1.31. The firm's fifty day simple moving average is $120.78 and its 200-day simple moving average is $111.95.

Insider Activity at Beacon Roofing Supply

In other Beacon Roofing Supply news, insider Jonathan Stuart Bennett sold 8,487 shares of the firm's 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 trade represents a 27.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Clement Munroe Best III sold 29,724 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total transaction of $3,657,538.20. Following the transaction, the insider now owns 87,943 shares of the company's stock, valued at $10,821,386.15. This trade represents a 25.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,806 shares of company stock worth $6,745,448 over the last 90 days. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BECN shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $124.35 price target (down previously from $130.00) on shares of Beacon Roofing Supply in a research report on Thursday, April 17th. Robert W. Baird lifted their price target on Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. StockNews.com started coverage on Beacon Roofing Supply in a research report on Saturday. They set a "sell" rating on the stock. Baird R W lowered Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, Raymond James lowered Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Beacon Roofing Supply has a consensus rating of "Hold" and a consensus target price of $121.47.

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.