News headlines about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.545126959143 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
A number of equities analysts recently issued reports on BECN shares. SunTrust Banks raised their target price on Beacon Roofing Supply to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. KeyCorp restated a “buy” rating and issued a $56.00 target price on shares of Beacon Roofing Supply in a research note on Sunday, October 15th. Robert W. Baird restated a “buy” rating and issued a $55.00 target price on shares of Beacon Roofing Supply in a research note on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and issued a $53.00 target price on shares of Beacon Roofing Supply in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $58.82.
Beacon Roofing Supply (BECN) traded down $2.00 during midday trading on Friday, hitting $59.75. The company’s stock had a trading volume of 459,161 shares, compared to its average volume of 605,056. The stock has a market cap of $4,061.15, a price-to-earnings ratio of 36.66, a P/E/G ratio of 1.25 and a beta of 1.35. Beacon Roofing Supply has a twelve month low of $39.57 and a twelve month high of $66.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.06 and a quick ratio of 1.35.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Monday, November 20th. The company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. sell-side analysts expect that Beacon Roofing Supply will post 3.19 earnings per share for the current year.
In other news, CEO Paul Isabella sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the sale, the chief executive officer now directly owns 172,046 shares in the company, valued at approximately $10,420,826.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the sale, the executive vice president now owns 7,056 shares in the company, valued at $421,596. The disclosure for this sale can be found here. 0.77% of the stock is owned by company insiders.
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About Beacon Roofing Supply
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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