Beacon Roofing Supply (BECN) to Release Earnings on Thursday

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Beacon Roofing Supply to post earnings of $1.66 per share and revenue of $2.43 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Beacon Roofing Supply Stock Down 2.5 %

BECN stock traded down $2.96 on Friday, reaching $116.62. 1,030,382 shares of the company traded hands, compared to its average volume of 1,000,667. 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 has a market cap of $7.18 billion, a P/E ratio of 19.93 and a beta of 1.62. The firm has a fifty day simple moving average of $111.30 and a 200-day simple moving average of $100.25.

Wall Street Analyst Weigh In

BECN has been the topic of several recent analyst reports. Stephens reiterated an "equal weight" rating and set a $103.00 target price on shares of Beacon Roofing Supply in a research note on Tuesday, November 19th. StockNews.com initiated coverage on Beacon Roofing Supply in a research note on Friday. They set a "sell" rating on the stock. Royal Bank of Canada increased their target price on Beacon Roofing Supply from $113.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on Beacon Roofing Supply from $125.00 to $136.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on Beacon Roofing Supply from $119.00 to $136.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $120.17.

Beacon Roofing Supply Company Profile

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.