Currently, Beacon Roofing Supply Inc [BECN] is trading at $100.23, up 2.25%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BECN shares have gain 5.31% over the last week, with a monthly amount glided 16.70%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, Beacon Announces Three New Locations. In a post published today on Yahoo Finance, Branches open in Florida and Michigan to serve building and roofing contractors.
From an analyst’s perspective:
Beacon Roofing Supply Inc [NASDAQ: BECN] stock has seen the most recent analyst activity on February 29, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $115 from $99. Previously, William Blair upgraded its rating to Outperform on January 08, 2024. On December 14, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $103 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $94 on October 05, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $65 on October 14, 2022. Deutsche Bank started tracking with a Buy rating for this stock on August 18, 2022, and assigned it a price target of $90. In a note dated July 19, 2022, William Blair downgraded an Mkt Perform rating on this stock.
This stock has fluctuated between a low of $54.60 and a high of $99.11 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $75.5 within the next 12 months. Beacon Roofing Supply Inc [NASDAQ: BECN] shares were valued at $100.23 at the most recent close of the market. An investor can expect a potential drop of -24.67% based on the average BECN price forecast.
Analyzing the BECN fundamentals
Trailing Twelve Months sales for Beacon Roofing Supply Inc [NASDAQ:BECN] were 9.12B which represents 16.76% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.19 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.44 points at the first support level, and at 96.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.27, and for the 2nd resistance point, it is at 102.32.
Beacon Roofing Supply Inc [BECN] reported earnings per share of $1.71 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.66/share, meaning a difference of $0.05 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.84 per share as compared to estimates of $2.61 per share, a difference of $0.23 representing a surprise of 8.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Beacon Roofing Supply Inc [NASDAQ:BECN] is 1.85. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 3.48.
Transactions by insiders
Recent insider trading involved Nelson Christopher Carl, EVP & CTO, that happened on Mar 28 ’24 when 3268.0 shares were sold. President, West Division, Taylor Jason L completed a deal on Mar 21 ’24 to sell 1805.0 shares. Meanwhile, President, West Division Taylor Jason L sold 1806.0 shares on Dec 20 ’23.
