BECN - Beacon Roofing Supply, Inc.
| Previous Close | 36.76 |
| Open | 36.75 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 1300 |
| Day's Range | 36.04 - 36.81 |
| 52 Week Range | 24.97 - 43.91 |
| Volume | 446,732 |
| Avg. Volume | 622,816 |
| Market Cap | 2.471B |
| Beta (3Y Monthly) | 1.43 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.05 |
| Earnings Date | Aug 6, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 39.23 |
- Business Wire•22 hours ago
Beacon Roofing Supply to Announce Third Quarter 2019 Earnings on August 6, 2019
Beacon Roofing Supply, Inc. announced today that its third quarter 2019 earnings results for the period ended June 30, 2019 will be released after market close on Tuesday, August 6, 2019.
- TipRanks•3 days ago
3 Stocks Corporate Insiders are Buying Now
For investors, following insiders can be a viable trading strategy. Corporate officers, board members, and investment funds are indeed careful about the way they allocate funds, so following their purchase activity can lead to great investment tips. More importantly, these are the entities with a more direct knowledge of the companies and business sectors. And they put that knowledge to use when planning stock purchases.TipRanks offers the Insiders’ Hot Stocks, a data tool that tracks over 43,000 corporate insiders and reveals their latest moves. We’ve used it to find three affordably priced stocks that are showing positive insider signals. Looking for the stocks, we used the Major Event Strategy, the most successful of four filters available on TipRanks for sorting insider trades.Insider Trading Strategies Sinclair Broadcast Group, Inc. (SBGI)Sinclair is the largest TV operator in the US, reaching 40% of American households with 193 stations in 100 local markets. The network is focused mainly in the Midwest and South. TV, with its advertising reach, is a lucrative business and Sinclair generated revenues over $3 billion in FY2018.Executive Chairman David D. Smith, son of the company’s founder, made the most recent insider purchase of SBGI stock, buying $21.7 million worth on July 10. The purchase increased his holding in the company by 395,000 shares, making him one of the largest shareholders in Sinclair.This insider purchase came just one day before five-star analyst Daniel Kurnos, of Benchmark, affirmed his buy rating and $90 price target on the stock. Smith’s purchase, and Kurnos’s review, come after the company publicized Q2 revenue guidance of $721 million – in line with previous estimates, and one month before the August 8 Q2 earnings release. In his note to investors, Kurnos says, “Sinclair completed the RSN-Charter (CHTR) negotiations, that Dish (DISH) remains the biggest "wildcard" for the RSNs, but he is optimistic Sinclair will prevail.” His price target, with its 52% upside for the stock, reflects his optimism.Overall, Sinclair has a strong buy analyst consensus rating, with a unanimous 5 buys over the past three months. Shares are selling for $59, and the $69 average price target indicates an 18% upside potential.>>Click Here to see the full list of Analyst Ratings Eidos Therapeutics, Inc. (EIDX)Biotech offers great opportunity it any company able to find a solid niche. Eidos Therapeutics focuses on developing new treatments for the two forms of transthyretin (TTR) amyloidosis (ATTR) disease. While the two disease forms – cardiomyopathy and polyneuropathy – manifest differently, they share the same cause. Eidos is working on a drug, AG10, designed to stabilize the malformed protein (TTR) that causes ATTR disease.Research of this type requires a great deal of capital, and that can be raised through stock sales. Recently, on July 8, Eidos received a capital infusion greater than $100 million, when four major stock owners increased their holdings. BridgeBio Pharma, the parent company of Eidos, along with three top company officers – Neil Kumar, CEO, and Ali Satvat and Eric Aguiar, both on the Board of Directors – all purchased $26.3 million worth of EIDX common shares. The transactions brought the total corporate insider purchases of EIDX in the last three months to $218.35 million – a clear vote of confidence by company officers in Eidos’ research pipeline and future prospects.Their optimism is borne out by a recent analyst review. Yasmeen Rahimi, of Roth Capital, believes “Eidos Therapeutics to maintain and even expedite enrollment into its Phase 3 ATTRibute-CM trial.” She also notes “an increase in AG10's annual price from $150,000 to $225,000 and Probability of Success adjustment from 70% to 80%.” In line with the upbeat prospects for the drug, she boosted her price target on EIDX by 45%, from $28 to $51. Her new price target suggests an upside potential of 27% for the stock.In the last three months, Eidos as received 2 buy ratings, giving it a moderate buy from the analyst consensus. The average price target of $44.50 suggests an 11% upside from the current share price of $39.97.>>Click Here to see the full list of Analyst Ratings Beacon Roofing Supply, Inc. (BECN)Economic experts predict that the US housing market, which has shown a slowing trend since 2017, will continue to weaken into 2020. Slowing population growth, combined with lower incomes and higher debt levels among the millennial age cohort, are putting downward pressure on housing starts.But there is always some demand for new housing, and construction companies like Beacon Roofing, North America’s largest supplier of roofing products to the residential and commercial construction sectors, will always have customers. This optimistic outlook is borne out by Cd&R Investment Associates IX recent purchase, back on June 28, of $158 million worth of BECN stock. A purchase of this size, by an investment group, is a clear signal of confidence in the stock.A look at the analyst reviews will help to explain the confidence. SunTrust’s Keith Hughes said, on March 26, “that while adverse weather factors reduced expectations, the outlook for the rest of the year suggests minimal impact in future quarters. [R]oofing can actually see benefits from weather factors over the medium term as replacement demand rises.” Hughes set a price target of $44, suggesting an upside of 18%.Weighing in just last month, Raymond James analyst Sam Darkatsh concurred on the buy rating, and gave BECN a $40 price target.BECN’s analyst consensus rating is a moderate buy, with 1 buy and 2 hold ratings given in the last 90 days. Shares are selling for $37.20, so the average price target of $40 indicates a possible 7.5% upside.>>Click Here to see the full list of Analyst RatingsVisit TipRanks’ Insiders’ Hot Stocks, and find your own best investment.
- Business Wire•15 days ago
Beacon Roofing Supply Appoints Julian G. Francis as President and CEO and to Its Board of Directors
Beacon Roofing Supply, Inc. (BECN) (“Beacon” or the “Company”) announced today the appointment of Julian G. Francis as President and CEO and to its Board of Directors. Mr. Francis is expected to assume his duties as President and CEO and join Beacon’s Board of Directors on or about September 1, 2019. Mr. Francis has been the President of the Insulation Business at Owens Corning (OC) since October 2014, leading Owens Corning’s largest business segment, with over $2.7 billion in revenue in 2018, to significant sales and EBIT growth in each of the last three years.
- Simply Wall St.•15 days ago
What Investors Should Know About Beacon Roofing Supply, Inc.'s (NASDAQ:BECN) Financial Strength
Beacon Roofing Supply, Inc. (NASDAQ:BECN) is a small-cap stock with a market capitalization of US$2.6b. While...
- Zacks•20 days ago
Fastenal (FAST) Up 23% in 6 Months: Can the Bull Run Continue?
Fastenal (FAST) adopts FAST Solutions, an industrial vending process, which has the potential to revolutionize the industrial distribution system and increase profitability.
- Business Wire•last month
Beacon Roofing Supply Named to Fortune 500
Beacon Roofing Supply, Inc. (BECN)(“Beacon” or the “Company”) announced today that it was named to the 2019 Fortune 500, published by Fortune Magazine in June of each year. This is Beacon’s debut appearance in the Fortune 500, where it ranked as No. 464 among all companies included in the survey. “Being named to the Fortune 500 is a significant milestone,” said Paul Isabella, Beacon’s President and CEO.
- Simply Wall St.•last month
Is Beacon Roofing Supply, Inc.'s (NASDAQ:BECN) CEO Pay Justified?
Paul Isabella became the CEO of Beacon Roofing Supply, Inc. (NASDAQ:BECN) in 2011. This analysis aims first to...
- Markit•last month
See what the IHS Markit Score report has to say about Beacon Roofing Supply Inc.
Beacon Roofing Supply Inc NASDAQ/NGS:BECNView full report here! Summary * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for BECN with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 16. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BECN had net inflows of $583 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•last month
Why Is Beacon Roofing (BECN) Down 10.3% Since Last Earnings Report?
Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire•2 months ago
Beacon Roofing Supply to Participate in William Blair 39th Annual Growth Stock Conference
Beacon Roofing Supply, Inc. announced today that Paul Isabella, President & Chief Executive Officer, Joseph Nowicki, Executive Vice President & Chief Financial Officer, and Ross Cooper, Executive Vice President & General Counsel will participate in the William Blair 39th Annual Growth Stock Conference, being held June 5-6 in Chicago, Ill.
- Business Wire•2 months ago
Beacon Roofing Supply to Participate in Baird 2019 Global Consumer, Technology & Services Conference
Beacon Roofing Supply, Inc. announced today that Paul Isabella, President & Chief Executive Officer and Joseph Nowicki, Executive Vice President & Chief Financial Officer will participate in the Baird 2019 Global Consumer, Technology & Services Conference, being held June 4-6 in New York City.
- Zacks•2 months ago
Beacon Roofing Banks on Allied Business, Material Costs High
Beacon Roofing Supply (BECN) rides on Allied integration and cost synergies. Yet, material costs mar its growth prospects.
- Insider Monkey•2 months ago
Marshall Wace’s Latest Moves
Back in 1997, Paul Marshall and Ian Wace launched their own hedge fund called Marshall Wace. The fund is headquartered in London, England while providing additional offices in New York, and Hong Kong. The fund’s investment philosophy combines quantitative strategies with basic investment principles for the purpose of delivering strong returns to its clients. Its […]
- American City Business Journals•2 months ago
Greater Washington has a new entrant on the Fortune 500
The annual Fortune 500 list — a tangible representation of business mite — hit the internet today with a gain for Greater Washington. Beacon Roofing Supply, a publicly traded company that moved from Massachusetts to Herndon in 2013, cracked the top 500 public U.
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of BECN earnings conference call or presentation 7-May-19 9:00pm GMT
Q2 2019 Beacon Roofing Supply Inc Earnings Call
- Zacks•2 months ago
Beacon Roofing (BECN) Posts Narrower Q2 Loss, Beats on Sales
Strong organic growth and cost-control measures help Beacon Roofing Supply (BECN) to post improved second-quarter fiscal 2019 results.
- Business Wire•2 months ago
Beacon Roofing Supply Partners with JobNimbus
Beacon Roofing Supply, Inc. (BECN)(“Beacon” or the “Company”) announced today that it has launched a partnership with JobNimbus, a leading customer relationship management (CRM) platform in the roofing industry. The integration of JobNimbus with Beacon Pro+, Beacon’s industry-leading e-commerce platform, will enable contractors to seamlessly create estimates and submit material orders directly to their local Beacon branch from inside the JobNimbus platform. Beacon is the only roofing distributor to offer this capability through JobNimbus.
Motley Fool•2 months agoBeacon Roofing Supply (BECN) Q2 2019 Earnings Call Transcript
BECN earnings call for the period ending March 31, 2019.
- Associated Press•2 months ago
Beacon Roofing: Fiscal 2Q Earnings Snapshot
On a per-share basis, the Herndon, Virginia-based company said it had a loss of $1.08. Losses, adjusted for costs related to mergers and acquisitions, were 45 cents per share. The results beat Wall Street ...
- Business Wire•2 months ago
Beacon Roofing Supply Reports Second Quarter 2019 Results
HERNDON, Va.-- -- Record second quarter net sales of $1.43 billion Existing market daily sales growth of 1.2% year-over-year Second quarter net income of $ million vs. $ million in the prior year; Adjusted Net Income of $ million vs. $ million in the prior year Second quarter EPS of $ vs. $ in the prior year; Adjusted EPS of $ vs. $ in the prior year Opened four greenfield locations in the second quarter ...
- Simply Wall St.•2 months ago
Is Now An Opportune Moment To Examine Beacon Roofing Supply, Inc. (NASDAQ:BECN)?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Beacon Roofing Supply, Inc. (NASDAQ:BECN), which is in the trade distributor...
- Zacks•3 months ago
Beacon Roofing Supply (BECN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
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.
