Media coverage about Beacon Roofing Supply (NASDAQ:BECN) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.6985722596171 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
- Beacon Roofing Supply (BECN) & Its Competitors Head to Head Contrast (americanbankingnews.com)
- BidaskClub Downgrades Beacon Roofing Supply (BECN) to Hold (americanbankingnews.com)
- Beacon Roofing Supply (BECN) Sees Hammer Chart Pattern: Time to Buy? (finance.yahoo.com)
- BidaskClub Lowers Beacon Roofing Supply (BECN) to Sell (americanbankingnews.com)
BECN has been the topic of several research reports. Citigroup dropped their price target on Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Zacks Investment Research raised Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, January 23rd. BidaskClub raised Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Wedbush raised Beacon Roofing Supply from a “neutral” rating to an “outperform” rating and upped their price target for the company from $52.00 to $70.00 in a research report on Tuesday, February 13th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $73.00 target price on shares of Beacon Roofing Supply in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $60.45.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.14. Beacon Roofing Supply had a return on equity of 9.60% and a net margin of 3.29%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities research analysts predict that Beacon Roofing Supply will post 3.56 EPS for the current year.
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Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company'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.
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