Beacon Roofing Supply (BECN) Receives Daily News Impact Rating of 0.14

Media stories about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive on Tuesday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.4766516278439 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several equities analysts recently issued reports on BECN shares. Wells Fargo & Company started coverage on Beacon Roofing Supply in a research report on Wednesday, October 18th. They set a “market perform” rating and a $58.00 price target on the stock. Northcoast Research upgraded Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, August 25th. SunTrust Banks restated a “buy” rating on shares of Beacon Roofing Supply in a research report on Tuesday, September 12th. Royal Bank of Canada restated a “buy” rating and set a $53.00 price target on shares of Beacon Roofing Supply in a research report on Tuesday, October 10th. Finally, Jefferies Group upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $54.00 in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Beacon Roofing Supply has a consensus rating of “Buy” and an average price target of $56.91.

Beacon Roofing Supply (NASDAQ:BECN) traded down $0.37 during midday trading on Tuesday, reaching $62.02. The company’s stock had a trading volume of 640,700 shares, compared to its average volume of 531,636. Beacon Roofing Supply has a 1-year low of $39.57 and a 1-year high of $64.88. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4,175.15, a PE ratio of 28.41, a P/E/G ratio of 0.80 and a beta of 1.49.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Monday, November 20th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business posted $0.88 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. equities analysts forecast that Beacon Roofing Supply will post 3.08 EPS for the current year.

In other Beacon Roofing Supply news, CEO Paul Isabella sold 40,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $60.57, for a total value of $2,422,800.00. Following the completion of the sale, the chief executive officer now owns 172,046 shares in the company, valued at approximately $10,420,826.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ross D. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $59.75, for a total value of $119,500.00. Following the completion of the sale, the executive vice president now owns 7,056 shares of the company’s stock, valued at approximately $421,596. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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