Beacon Roofing Supply, Inc. (BECN) Analysts See $0.53 EPS

January 15, 2018 - By Adrian Mccoy

 Beacon Roofing Supply, Inc. (BECN) Analysts See $0.53 EPS
Investors sentiment increased to 1.91 in Q3 2017. Its up 0.92, from 0.99 in 2017Q2. It is positive, as 21 investors sold Beacon Roofing Supply, Inc. shares while 48 reduced holdings. 50 funds opened positions while 82 raised stakes. 66.46 million shares or 12.06% more from 59.31 million shares in 2017Q2 were reported.
Daruma Cap Mgmt Limited Com invested 3.33% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Spectrum Mgmt Group Incorporated holds 4 shares. 4,512 were reported by Etrade Capital Mngmt Limited Liability Corp. Peak6 Investments Ltd Partnership invested in 6,089 shares or 0% of the stock. Sg Americas Limited Liability Corp, New York-based fund reported 25,908 shares. Fisher Asset Management Limited Liability Corporation reported 1.69 million shares stake. Engineers Gate Manager Limited Partnership reported 4,774 shares or 0.02% of all its holdings. California Public Employees Retirement Systems reported 95,997 shares. The California-based Reilly Fin Advsr Ltd has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Personal Capital Advisors Corp owns 19,375 shares or 0.02% of their US portfolio. Credit Suisse Ag invested 0% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Basswood Capital Management Limited Liability Corp invested in 354,004 shares or 0.83% of the stock. Blair William And Il has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 7,382 shares. Bluemar Capital Mngmt Limited Liability invested in 0.9% or 34,990 shares. Dimensional Fund Advsr L P holds 2.51M shares.

Analysts expect Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report $0.53 EPS on February, 1.They anticipate $0.09 EPS change or 20.45 % from last quarter’s $0.44 EPS. BECN’s profit would be $35.90M giving it 29.93 P/E if the $0.53 EPS is correct. After having $0.93 EPS previously, Beacon Roofing Supply, Inc.’s analysts see -43.01 % EPS growth. The stock increased 1.62% or $1.01 during the last trading session, reaching $63.46. About 653,358 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since January 15, 2017 and is uptrending. It has outperformed by 0.64% the S&P500.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Beacon Roofing Supply had 43 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, November 22. The firm earned “Equal-Weight” rating on Monday, November 30 by Stephens. RBC Capital Markets maintained it with “Buy” rating and $5800 target in Monday, July 24 report. On Wednesday, August 12 the stock rating was upgraded by TheStreet to “Hold”. The firm earned “Buy” rating on Monday, October 2 by SunTrust. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, November 25. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by KeyBanc Capital Markets on Thursday, October 12. As per Friday, August 25, the company rating was upgraded by KeyBanc Capital Markets. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Neutral” rating given on Monday, January 11 by Citigroup. As per Monday, February 8, the company rating was maintained by RBC Capital Markets.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $4.30 billion. The companyÂ’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories. It has a 38.7 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Nasdaq.com which released: “6 Reasons to Invest in Beacon Roofing (BECN) Stock Right Now” on December 14, 2017, also Finance.Yahoo.com with their article: “Beacon Roofing Poised to Grow on Demand for Product Lines” published on November 24, 2017, Nasdaq.com published: “Beacon Roofing Supply Inc. Reports 8% Rise In Q4 Bottom Line” on November 20, 2017. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Businesswire.com and their article: “Beacon Roofing Supply Completes Its Acquisition of Allied Building Products” published on January 02, 2018 as well as Seekingalpha.com‘s news article titled: “Beacon Roofing Supply (BECN) CEO Paul Isabella on Acquisition of Allied …” with publication date: August 29, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.