Brokers Set Expectations for Beacon Roofing Supply, Inc.’s FY2025 Earnings (NASDAQ:BECN)

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Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) – Analysts at Jefferies Financial Group issued their FY2025 earnings per share (EPS) estimates for Beacon Roofing Supply in a research report issued to clients and investors on Thursday, January 12th. Jefferies Financial Group analyst P. Ng forecasts that the company will post earnings of $6.11 per share for the year. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $7.08 per share.

Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.15. Beacon Roofing Supply had a return on equity of 31.40% and a net margin of 5.52%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.35 billion.

A number of other equities research analysts have also weighed in on BECN. StockNews.com began coverage on Beacon Roofing Supply in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Royal Bank of Canada dropped their price target on Beacon Roofing Supply from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Monday, November 7th. Robert W. Baird lowered Beacon Roofing Supply from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $77.00 to $65.00 in a research report on Friday, October 14th. Stifel Nicolaus upped their target price on Beacon Roofing Supply from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Beacon Roofing Supply from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.63.

Beacon Roofing Supply Price Performance

Shares of BECN stock opened at $54.73 on Monday. Beacon Roofing Supply has a fifty-two week low of $45.71 and a fifty-two week high of $65.30. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 10.06 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.10 and a current ratio of 1.92. The stock’s 50-day simple moving average is $56.05 and its 200-day simple moving average is $56.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BECN. Advisor Group Holdings Inc. raised its stake in Beacon Roofing Supply by 37.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company’s stock valued at $65,000 after purchasing an additional 300 shares during the last quarter. Raymond James & Associates grew its holdings in Beacon Roofing Supply by 11.6% in the 1st quarter. Raymond James & Associates now owns 13,449 shares of the company’s stock valued at $797,000 after buying an additional 1,397 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Beacon Roofing Supply in the 1st quarter valued at $317,000. AlphaCrest Capital Management LLC grew its holdings in Beacon Roofing Supply by 4.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,063 shares of the company’s stock valued at $419,000 after buying an additional 273 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Beacon Roofing Supply by 27.0% in the 1st quarter. Bank of Montreal Can now owns 10,659 shares of the company’s stock valued at $665,000 after buying an additional 2,267 shares in the last quarter.

Insider Buying and Selling at Beacon Roofing Supply

In other Beacon Roofing Supply news, major shareholder Cd&R Investment Associates Ix, bought 105,320 shares of Beacon Roofing Supply stock in a transaction dated Friday, October 28th. The stock was acquired at an average cost of $56.97 per share, with a total value of $6,000,080.40. Following the purchase, the insider now directly owns 14,964,899 shares in the company, valued at approximately $852,550,296.03. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.95% of the stock is currently owned by corporate insiders.

About Beacon Roofing Supply

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Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers. It offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.

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