Zacks: Analysts Be expecting Beacon Roofing Provide, Inc. (NASDAQ:BECN) Will Announce Quarterly Gross sales of $2.28 Billion

Wall Boulevard brokerages forecast that Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Score) will put up $2.28 billion in gross sales for the present fiscal quarter, Zacks Funding Analysis stories. Seven analysts have equipped estimates for Beacon Roofing Provide’s revenue, with estimates starting from $2.25 billion to $2.31 billion. Beacon Roofing Provide reported gross sales of $1.87 billion all the way through the similar quarter closing 12 months, which signifies a good year-over-year enlargement charge of 21.9%. The corporate is anticipated to factor its subsequent revenue document on Monday, January 1st.

On moderate, analysts count on that Beacon Roofing Provide will document full-year gross sales of $8.21 billion for the present monetary 12 months, with estimates starting from $8.12 billion to $8.34 billion. For the following 12 months, analysts count on that the company will document gross sales of $8.52 billion, with estimates starting from $8.14 billion to $8.82 billion. Zacks’ gross sales averages are a median in line with a survey of study companies that practice Beacon Roofing Provide.

Beacon Roofing Provide (NASDAQ:BECN – Get Score) closing issued its quarterly revenue information on Thursday, Might fifth. The corporate reported $0.89 revenue according to proportion (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 via $0.40. Beacon Roofing Provide had a internet margin of four.24% and a go back on fairness of 26.21%. The industry had income of $1.69 billion all the way through the quarter, in comparison to the consensus estimate of $1.43 billion.

Numerous equities analysis analysts have issued stories at the inventory. JPMorgan Chase & Co. lowered their payment purpose on stocks of Beacon Roofing Provide from $68.00 to $66.00 and set a “impartial” score for the corporate in a analysis document on Wednesday, April twentieth. Wells Fargo & Corporate boosted their goal payment on stocks of Beacon Roofing Provide from $59.00 to $67.00 and gave the corporate an “equivalent weight” score in a analysis observe on Thursday, April twenty first. Truist Monetary dropped their goal payment on stocks of Beacon Roofing Provide from $58.00 to $55.00 in a analysis observe on Monday, February seventh. Robert W. Baird boosted their goal payment on stocks of Beacon Roofing Provide from $74.00 to $83.00 in a analysis observe on Friday, Might sixth. After all, Zacks Funding Analysis upgraded stocks of Beacon Roofing Provide from a “cling” score to a “strong-buy” score and set a $73.00 goal payment at the inventory in a analysis observe on Thursday, Might nineteenth. Seven analysis analysts have rated the inventory with a cling score, 3 have issued a purchase score and one has assigned a robust purchase score to the corporate. In step with MarketBeat.com, Beacon Roofing Provide recently has a median score of “Hang” and a consensus goal payment of $65.22.

Stocks of BECN inventory opened at $62.95 on Monday. Beacon Roofing Provide has a 52-week low of $46.62 and a 52-week prime of $64.90. The corporate has a debt-to-equity ratio of one.01, a handy guide a rough ratio of 0.92 and a present ratio of one.85. The corporate has a 50-day easy shifting moderate of $60.18 and a two-hundred day easy shifting moderate of $57.57. The corporate has a marketplace capitalization of $4.33 billion, a price-to-earnings ratio of 18.19 and a beta of one.77.

In different Beacon Roofing Provide information, insider Clement Munroe Perfect III offered 4,000 stocks of the inventory in a transaction that passed off on Wednesday, March sixteenth. The stocks had been offered at a median payment of $63.00, for a complete worth of $252,000.00. The transaction was once disclosed in a criminal submitting with the SEC, which is to be had thru this hyperlink. Additionally, main shareholder Cd&R Funding Buddies Ix, purchased 102,219 stocks of the inventory in a transaction on Friday, April twenty ninth. The inventory was once bought at a median payment of $58.70 according to proportion, for a complete transaction of $6,000,255.30. Following the final touch of the acquisition, the insider now at once owns 14,755,648 stocks within the corporate, valued at $866,156,537.60. The disclosure for this acquire can also be discovered right here. Company insiders personal 0.95% of the corporate’s inventory.

Numerous hedge budget and different institutional buyers have lately purchased and offered stocks of the industry. Equitable Accept as true with Co. lifted its stake in Beacon Roofing Provide via 3.1% within the 1st quarter. Equitable Accept as true with Co. now owns 7,555 stocks of the corporate’s inventory value $448,000 after buying an extra 225 stocks within the closing quarter. First Long island Co. higher its holdings in stocks of Beacon Roofing Provide via 4.3% within the 1st quarter. First Long island Co. now owns 5,633 stocks of the corporate’s inventory value $333,000 after purchasing an extra 233 stocks all the way through the closing quarter. FourThought Monetary LLC higher its holdings in stocks of Beacon Roofing Provide via 10.2% within the 1st quarter. FourThought Monetary LLC now owns 2,657 stocks of the corporate’s inventory value $158,000 after purchasing an extra 245 stocks all the way through the closing quarter. Commonwealth Fairness Products and services LLC higher its holdings in stocks of Beacon Roofing Provide via 4.2% within the 4th quarter. Commonwealth Fairness Products and services LLC now owns 6,146 stocks of the corporate’s inventory value $352,000 after purchasing an extra 247 stocks all the way through the closing quarter. After all, AlphaCrest Capital Control LLC higher its holdings in stocks of Beacon Roofing Provide via 4.0% within the 1st quarter. AlphaCrest Capital Control LLC now owns 7,063 stocks of the corporate’s inventory value $419,000 after purchasing an extra 273 stocks all the way through the closing quarter.

Beacon Roofing Provide Corporate Profile (Get Score)

Beacon Roofing Provide, Inc, along with its subsidiaries, distributes residential and non-residential roofing fabrics, and complementary development merchandise to contractors, house developers, development house owners, lumberyards, and outlets. It gives pitched roofing and occasional slope roof merchandise; gutters and sidings; development fabrics, corresponding to lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC merchandise; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and business insulation merchandise, in addition to radiant limitations and blown-in insulation and kit.

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