|Day's Range||6.00 - 6.00|
Forward-looking statements are only predictions and are subject to a number of risks and uncertainties. As a result of various important factors including, but not limited to, those set forth in the Risk Factors section of the company's latest Form 10-K. These forward-looking statements fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events and the future financial performance of the company including the company's financial outlook. The forward-looking statements contained in this call are based on information as of today, May 7, 2020, and except as required by law, the company undertakes no obligation to update or revise any of these forward-looking statements.
Beacon Roofing (BECN) delivered earnings and revenue surprises of 0.00% and 0.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Beacon Roofing (BECN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Beacon (Nasdaq: BECN) (the "Company") announced today that its second quarter 2020 earnings results for the period ended March 31, 2020 will be released after market close on Thursday, May 7, 2020. The same day, the Company will host a webcast and conference call at 5:00 p.m. ET to review and discuss its financial results. Details for the earnings release event are as follows:
Today's 5 Stock Ideas: * Target (TGT) \- A play on the US economy reopening. Despite news Thursday morning Target's quarter-to-date same-store sales were up 7% year over year, the stock was down 4% in pre-open action. An expectation for Q1 operating margin to be down 5% likely weighed. * Marriott (MAR) \- A play on resiliency in the hospitality space. Despite a concerning outlook for the hotel space, Marriott shares, over the last three months, have fallen only about 27% further than the broader stock market. * Zoom Video Communications (ZM) \- A play on increased security for its video conferencing platform. Shares were up about 5% on Wednesday after the company launched a new version of its platform with increased security measures. * Gladstone Commercial (GOOD) \- A real estate operator which has kept most of its occupants during the coronavirus pandemic. The company reported portfolio occupancy as of Mar. 31 remained at 97%. * Beacon Roofing Supply (BECN) \- A play on better-than-expected Q2 sales. The company said it sees Q2 net sales about $1.46 billion vs an analyst estimate of $1.43 billion.See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Wed., Apr. 15, 2020: SONN, MAR, TSCO, CCL, LAKE * Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 16, 2020: SPY, AAL, ZM, LVS, FDX * Benzinga Pro's Top 5 Stocks To Watch For Thurs., Mar. 5, 2020: ZM, MRVL, LUV, CODX, CANF(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Beacon (Nasdaq: BECN) (the "Company") announced today preliminary financial results for its fiscal year 2020 second quarter and provided a COVID-19 business update. The COVID-19 update addresses recent business trends, management’s rapid action to reduce costs and increase financial flexibility, and the Company’s continued efforts to assist its customers in the current environment. A supplemental presentation to the COVID-19 business update is available within the Investor Relations section of the Company’s website.
D.C. Mayor Muriel Bowser said Friday the District will convert 473,000 square feet of space at the Walter E. Washington Convention Center into a roughly 1,200-bed field hospital for COVID-19 patients. The Army Corps of Engineers is overseeing the construction of the temporary facility, and MedStar Health will staff and manage it upon its completion. The hospital will be constructed in about 30 days in three halls at the convention center.
Beacon (Nasdaq: BECN) (the "Company") announced today the appointment of Frank A. Lonegro as Executive Vice President and Chief Financial Officer. Mr. Lonegro will join Beacon on April 20, 2020 and assume his role as Chief Financial Officer on or about May 15, 2020 as current Chief Financial Officer Joseph Nowicki transitions his duties.
Beacon Roofing Supply, Inc. (NASDAQ:BECN), which is in the trade distributors business, and is based in United States...
Nearly 100 members of the U.S. House signed a letter Thursday urging that D.C. receive the full funding allocated to states in the $2.2 trillion economic stimulus legislation related to the coronavirus pandemic. The letter from Rep. Jamie Raskin, D-Md., said the decision to group the District with U.S. territories instead of states in the Senate-led Coronavirus Aid, Relief and Economic Security Act was a “scandalous departure from practice that dramatically increases health risks” for those who live and work in the District, including members of Congress, their staffs and families. “There is no principled reason to abandon the customary practice of grouping the District with the states when it comes to the state aid grants in the CARES Act, and there are urgently compelling public health reasons to correct this affront to the local community,” says the letter, which was sent to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif. The legislation splits up $3 billion in emergency funding between D.C. and five U.S. territories based on population, allocating about $500 million to the District.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The Dow Jones Industrial Average closed up 7.7%, while the S&P 500 and Nasdaq Composite finished up 7% and 7.3%, respectively. An announcement from New York Gov. Andrew Cuomo that the number of deaths in the state — which has been the epicenter of the virus in the U.S. — had remained close to flat for two consecutive days was a positive sign many on Wall Street were looking for. Among Greater Washington’s largest public companies, Herndon building materials distributor Beacon Roofing Supply Inc. (NASDAQ: BECN) (+20.3%), Arlington health system consultancy Evolent Health Inc. (NYSE:EVH) (+19.6%), Bethesda hotel giant Marriott International Inc. (NASDAQ: MAR) (+19.5%), Tysons hospitality real estate investment trust Park Hotels & Resorts Inc. (NYSE: PK) (+19.2%), McLean financial giant Capital One Financial Corp. (NYSE: COF) (+16.9%) posted the biggest gains on the day.
D.C. Mayor Muriel Bowser on Sunday ordered the shutdown of the Maine Avenue Fish Market in Southwest after large crowds defied social-distancing orders and congregated in the open-air market on Saturday. Ernest Charappah, the director of the D.C. Department of Consumer and Regulatory Affairs, tweeted Sunday the closure will remain in effect until “an acceptable social distancing plan” is submitted to his department. Billy White, owner of Captain White's Seafood City at the municipal market, told NBC Washington that security was hired to maintain order.
Two of Greater Washington’s largest public companies are borrowing huge sums of money to keep cash on hand as they weather the impacts of the novel coronavirus pandemic. DXC Technology Co. (NYSE: DXC) said Wednesday it is borrowing an additional $2.5 billion from an existing credit facility on top of the $1.5 billion it said it was taking out on March 24. The Tysons IT services giant said it chose to borrow a total of $4 billion — the largest amount available under the credit agreement — “as a precautionary measure” to increase its cash holdings and financial flexibility in the face of the market uncertainty related to the outbreak.
Beacon (Nasdaq:BECN) (the "Company") announced today that it elected to draw down approximately $725 million from its revolving credit facility. This is a proactive measure to increase the Company's cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 pandemic. The funds will supplement the Company's cash position. Details of the draw are described in the Company’s Form 8-K filed concurrently herewith. After the draw, Beacon will maintain approximately $185 million of additional capacity on its revolver.
Markets on Wall Street jumped Tuesday as lawmakers and the Trump administration worked to finalize a massive stimulus package to boost the struggling economy created by the growing coronavirus pandemic.
The Dow Jones Industrial Average had its worst day since 1987 on Thursday, falling more than 10% as the country dealt with the spread of the novel coronavirus and its uncertain impacts on business. The S&P 500 and the Nasdaq were close behind, each falling more than 9%.
Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Even if it's not a huge purchase, we think it was good to see that Richard Frost, the Independent Director of Beacon...
Beacon Roofing (BECN) delivered earnings and revenue surprises of -25.58% and -2.30%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?