Beacon Roofing Supply Inc. [BECN] shares are up more than 9.44% this year and recently increased 0.01% or $0.55 to settle at $37.68. Analysts expect BECN to grow earnings at a 8.83% annual rate over the next 5 years. BECN has a short ratio of 6.51. This implies that the market is currently less bullish on the outlook for BECN.

On 19, November 2020, Beacon Reports Fourth Quarter and Fiscal Year 2020 Results. According to news published on Yahoo Finance, Record fourth quarter net income and Adjusted EBITDA.

Analyst Birdseye View:

The most recent analyst activity for Beacon Roofing Supply Inc. [NASDAQ:BECN] stock was on October 12, 2020, when it was Upgrade with an Outperform rating from Robert W. Baird, which also raised its 12-month price target on the stock from $36 to $43. Before that, on October 14, 2020, Jefferies Recapitulated a Buy rating and elevated its amount target to $44. On October 06, 2020, William Blair Upgrade an Outperform rating. On August 11, 2020, Stephens Downgrade an Equal-weight rating and increased its price target to $36. On July 17, 2020, Northcoast Upgrade a Buy rating. On April 13, 2020, Northcoast Downgrade a Neutral rating. On April 07, 2020, RBC Capital Mkts Downgrade an Underperform rating and decreased its target amount on this stock from $20 to $13. Berenberg elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $11.66 and a peak of $38.50. Right now, according to Wall Street analyst the average 12-month amount target is $36.64. At the most recent market close, shares of Beacon Roofing Supply Inc. [NASDAQ:BECN] were valued at $37.68. According to the average price forecast, investors can expect a potential return of 5.13%.

FUNDAMENTAL ANALYSIS

Beacon Roofing Supply Inc. [NASDAQ:BECN] most recently reported quarterly sales of 1.79 billion, which represented growth of -6.90%. This publicly-traded organization’s revenue is $872,120 per employee, while its income is -$1,303 per employee. This company’s Gross Margin is currently 24.10%, its Operating Margin is -0.20%, its Pretax Margin is -0.15, and its Net Margin is -0.15. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.16, -0.47, 3.62 and -0.22 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 53.47 and the whole liability to whole assets at 40.31. It shows enduring liability to the whole principal at 53.09 and enduring liability to assets at 0.40 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 36.85 points at 1st support level, the second support level is making up to 36.01. But as of 1st resistance point, this stock is sitting at 38.17 and at 38.65 for 2nd resistance point.

Beacon Roofing Supply Inc. [BECN] reported its earnings at $0.88 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.6/share signifying the difference of 0.28 and 46.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.16 calling estimates for -$0.21/share with the difference of 0.05 depicting the surprise of 23.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Beacon Roofing Supply Inc. [NASDAQ:BECN] is 2.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.05. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.32 and it’s amount to book ratio is 1.23.

Insider Stories

The most recent insider trade was by Schmitz Thomas David, Interim Chief Acct. Officer, and it was the sale of 3029.0 shares on Jun 05. Young Douglas L, the Director, completed a purchase of 14500.0 shares on May 14. On Mar 13, Harrison Christopher Anthony, EVP & Chief HR Officer, completed a purchase of 1400.0 shares.