Analysts See $1.37 EPS for Beacon Roofing Supply, Inc. (BECN)

November 10, 2018 - By olga

Beacon Roofing Supply, Inc. (NASDAQ:BECN) LogoInvestors sentiment increased to 1.34 in Q2 2018. Its up 0.48, from 0.86 in 2018Q1. It is positive, as 40 investors sold Beacon Roofing Supply, Inc. shares while 54 reduced holdings. 37 funds opened positions while 89 raised stakes. 71.31 million shares or 12.13% more from 63.59 million shares in 2018Q1 were reported.
Citadel Advisors Llc owns 27,419 shares. Personal Cap Advisors invested 0.03% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Skylands Ltd Liability Corp holds 561,800 shares. 34,842 were reported by Bnp Paribas Arbitrage Sa. State Of Wisconsin Invest Board reported 0.03% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). D E Shaw Inc has invested 0% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Gmt Corporation has invested 0.23% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Swiss State Bank reported 117,900 shares. Grp One Trading L P accumulated 695 shares. Kdi Cap Prtnrs holds 17,395 shares. Ameritas Inv Prns Inc has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Essex Invest Management Com Lc holds 0.54% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 101,499 shares. Monarch Prtn Asset Mngmt Limited reported 141,268 shares. Virginia Retirement Et Al, a Virginia-based fund reported 33,900 shares. Wellington Mgmt Group Inc Ltd Liability Partnership accumulated 1.30 million shares.

Since May 18, 2018, it had 3 insider buys, and 0 sales for $824,608 activity. FROST RICHARD W bought $501,831 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Monday, June 4. KNISELY PHILIP had bought 6,000 shares worth $222,865.

Analysts expect Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report $1.37 EPS on November, 19.They anticipate $0.44 EPS change or 47.31 % from last quarter’s $0.93 EPS. BECN’s profit would be $93.33M giving it 4.97 P/E if the $1.37 EPS is correct. After having $1.18 EPS previously, Beacon Roofing Supply, Inc.’s analysts see 16.10 % EPS growth. The stock decreased 2.78% or $0.78 during the last trading session, reaching $27.23. About 1.38 million shares traded or 12.49% up from the average. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 14.85% since November 10, 2017 and is downtrending. It has underperformed by 30.47% the S&P500.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Among 13 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 5 have Buy rating, 1 Sell and 7 Hold. Therefore 38% are positive. Beacon Roofing Supply had 14 analyst reports since May 14, 2018 according to SRatingsIntel. Raymond James maintained the shares of BECN in report on Thursday, October 25 with “Strong Buy” rating. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Underperform” rating given on Wednesday, August 8 by Wells Fargo. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Overweight” rating given on Friday, July 20 by Stephens. As per Monday, May 14, the company rating was downgraded by Northcoast. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Sector Weight” rating given on Friday, August 10 by KeyBanc Capital Markets. The firm has “Neutral” rating given on Wednesday, August 8 by Citigroup. William Blair downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Monday, October 8 to “Market Perform” rating. The company was maintained on Friday, August 10 by JP Morgan. The company was downgraded on Tuesday, October 2 by Robert W. Baird. Wedbush maintained it with “Outperform” rating and $50 target in Wednesday, August 8 report.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $1.86 billion. The companyÂ’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. It has a 22.86 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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