Media stories about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.4091368119165 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Beacon Roofing Supply stock opened at $53.39 on Monday. The company has a market cap of $3,631.11, a PE ratio of 24.49, a P/E/G ratio of 0.46 and a beta of 1.39. The company has a current ratio of 4.60, a quick ratio of 3.58 and a debt-to-equity ratio of 1.09. Beacon Roofing Supply has a 1 year low of $39.57 and a 1 year high of $66.47.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.14. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Beacon Roofing Supply had a net margin of 3.29% and a return on equity of 9.60%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. analysts anticipate that Beacon Roofing Supply will post 3.56 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Beacon Roofing Supply in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Monday, January 22nd. Royal Bank of Canada set a $66.00 price target on shares of Beacon Roofing Supply and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Citigroup reduced their price objective on shares of Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.45.
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About Beacon Roofing Supply
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company'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.
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