Media coverage about Beacon Roofing Supply (NASDAQ:BECN) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9581277767072 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock Closed -11.0% Below Its 50 Day Moving Average (highlightpress.com)
- Beacon Roofing Supply, Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- What Makes Beacon Roofing (BECN) a Strong Sell? (finance.yahoo.com)
- Beacon Roofing Supply, Inc. (BECN) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Beacon Roofing Supply (NASDAQ:BECN) opened at 40.31 on Friday. The company has a market capitalization of $2.43 billion, a P/E ratio of 23.94 and a beta of 1.32. The stock’s 50 day moving average price is $45.70 and its 200-day moving average price is $47.53. Beacon Roofing Supply has a one year low of $39.50 and a one year high of $52.12.
Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.06. Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Equities analysts forecast that Beacon Roofing Supply will post $2.20 EPS for the current year.
BECN has been the topic of a number of recent research reports. Zacks Investment Research raised Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, July 5th. Royal Bank Of Canada increased their target price on Beacon Roofing Supply from $51.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. BidaskClub cut Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reissued a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th. Finally, Wedbush reissued a “neutral” rating and issued a $47.00 target price on shares of Beacon Roofing Supply in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Beacon Roofing Supply presently has an average rating of “Hold” and a consensus price target of $50.50.
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Beacon Roofing Supply Company Profile
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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