Beacon Roofing Supply (NASDAQ:BECN) Receiving Somewhat Favorable Press Coverage, Report Finds

Headlines about Beacon Roofing Supply (NASDAQ:BECN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beacon Roofing Supply earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.4766516278439 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

BECN has been the topic of several research reports. Wedbush restated a “neutral” rating and set a $46.00 price objective (down previously from $52.00) on shares of Beacon Roofing Supply in a report on Friday, November 17th. Robert W. Baird restated a “buy” rating and set a $55.00 price objective on shares of Beacon Roofing Supply in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a report on Thursday, November 23rd. KeyCorp reissued a “buy” rating and issued a $56.00 target price on shares of Beacon Roofing Supply in a research note on Sunday, October 15th. Finally, BidaskClub raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.91.

Beacon Roofing Supply (NASDAQ:BECN) traded down $0.80 during trading hours on Thursday, reaching $62.96. 973,500 shares of the company’s stock were exchanged, compared to its average volume of 665,200. The firm has a market capitalization of $4,240.00, a price-to-earnings ratio of 38.39, a PEG ratio of 0.82 and a beta of 1.49. Beacon Roofing Supply has a 52-week low of $39.57 and a 52-week high of $66.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.06.

Beacon Roofing Supply (NASDAQ:BECN) last announced its earnings results on Monday, November 20th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Beacon Roofing Supply’s revenue for the quarter was up 9.8% on a year-over-year basis. analysts expect that Beacon Roofing Supply will post 3.16 earnings per share for the current fiscal year.

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

Insider Buying and Selling by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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