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Beacon Roofing Supply, Inc. (NASDAQ:BECN) Expected to Announce Quarterly Sales of $2.28 Billion – Defense World

Wall Road brokerages anticipate that Beacon Roofing Current, Inc. (NASDAQ:BECN – Get Rating) will announce gross sales of $2.28 billion for The present fiscal quarter, Based mostly on Zacks Funding Evaluation. Seven analysts have issued estimates for Beacon Roofing Current’s earnings, with estimates Starting from $2.25 billion to $2.31 billion. Beacon Roofing Current reported gross sales of $1.87 billion By way of the identical quarter final yr, Which might advocate a constructive yr-over-yr progress price of 21.9%. The enterprise Is predicted to announce its subsequent earnings outcomes on Monday, January 1st.

On common, analysts anticipate that Beacon Roofing Current will report full-yr gross sales of $8.21 billion for The present monetary yr, with estimates Starting from $8.12 billion to $8.34 billion. For The subsequent monetary yr, analysts forecast thOn The agency will report gross sales of $8.52 billion, with estimates Starting from $8.14 billion to $8.82 billion. Zacks’ gross sales calculations are a meA imply based on a survey of promote-facet analysts that Adjust to Beacon Roofing Current.

Beacon Roofing Current (NASDAQ:BECN – Get Rating) final posted its quarterly earnings outcomes on Thursday, Might Fifth. The agency reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.40. The agency had income of $1.69 billion for the quarter, As in contrast with analysts’ anticipateations of $1.43 billion. Beacon Roofing Current had a internet margin of 4.24% and a return on equity of 26.21%.

A quantity of analysts recently issued reviews on the inventory. Wells Fargo & Company upped their worth goal on shares of Beacon Roofing Current from $59.00 to $67.00 and gave The agency an “equal weight” rating in a report on Thursday, April Twenty first. Truist Financial lohave beend their goal worth on shares of Beacon Roofing Current from $58.00 to $55.00 in a research notice on Monday, February Seventh. Robert W. Baird boosted their goal worth on shares of Beacon Roofing Current from $74.00 to $83.00 in a research notice on Friday, Might Sixth. JPMorgan Chase & Co. lohave beend their goal worth on shares of Beacon Roofing Current from $68.00 to $66.00 and set a “impartial” rating for The agency in a research notice on Wednesday, April Twentieth. Lastly, StockNews.com started safety on shares of Beacon Roofing Current in a research notice on Thursday, March Thirty first. They set a “primarytain” rating for The agency. Seven research analysts have priced the inventory with a primarytain rating, three have given a buy rating and one has assigned A strong buy rating to the inventory. In accordance to MarketBeat.com, the inventory presently has a consensus rating of “Hold” and A imply goal worth of $65.22.

In completely different information, primary shareprimarytainer Cd&R Funding Associates Ix, purchased 102,219 shares of the inventory in a transaction dated Friday, April Twenty ninth. The inventory was acquired at A imply worth of $58.70 per share, for An complete transaction of $6,000,255.30. Following the completion of the transaction, the infacetr now owns 14,755,648 shares of The agency’s inventory, worthd at $866,156,537.60. The acquisition was disclosed in a submitting with the SEC, which Is out tright here On the SEC internet website. Additionally, infacetr Clement Munroe Biggest III purchased 4,000 shares of the inventory in a transaction dated Wednesday, March 1Sixth. The shares have been purchased at A imply worth of $63.00, for An complete transaction of $252,000.00. The disclosure for this sale Could be found right here. 0.95% of the inventory is presently owned by agency infacetrs.

Institutional buyers and hedge funds have recently made modifications to their places Inside the inventory. Ellevest Inc. grew its place in Beacon Roofing Current by 1,193.9% Inside The first quarter. Ellevest Inc. now owns 427 shares of The agency’s inventory worthd at $25,000 after buying for An further 394 shares Inside the final quarter. Commerce Commerced Ideas LLC acquired A mannequin new place in shares of Beacon Roofing Current Inside the 4th quarter worthd at about $26,000. Advisor Group Holdings Inc. elevated its primarytainings in Beacon Roofing Current by 37.5% Inside The primary quarter. Advisor Group Holdings Inc. now owns 1,101 shares of The agency’s inventory worth $65,000 after buying for An further 300 shares Over the previous quarter. UBS Group AG elevated its primarytainings in Beacon Roofing Current by 44.5% Inside the third quarter. UBS Group AG now owns 1,455 shares of The agency’s inventory worth $69,000 after buying for An further 448 shares Over the previous quarter. Lastly, Gladius Capital Administration LP acquired A mannequin new place in Beacon Roofing Current Inside the fourth quarter worth roughly $92,000.

BECN opened at $62.95 on Monday. The inventory has a market capitalization of $4.33 billion, a PE ratio of 18.19 and a beta of 1.77. The agency’s fifty day shifting common worth is $60.18 and its 200 day shifting common worth is $57.57. The agency has a debt-to-equity ratio of 1.01, a present ratio of 1.85 and A quick ratio of 0.92. Beacon Roofing Current has a 12-month low of $46.62 and a 12-month extreme of $64.90.

About Beacon Roofing Current (Get Rating)

Beacon Roofing Current, Inc, Collectively with its subsidiaries, distributes refacetntial and non-refacetntial roofing supplies, and complementary constructing merchandise to contractors, house builders, constructing house owners, lumberyards, and retailers. It provides pitched roofing and low slope roof merchandise; gutters and sidings; constructing supplies, Similar to lumber and compowebsite, skylights and window, plywood and OSB, decking and railing, and HVAC merchandise; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and enterprise insulation merchandise, As properly as to radiant obstacles and blown-in insulation and gear.

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Source: https://www.defenseworld.net/2022/06/06/beacon-roofing-supply-inc-nasdaqbecn-expected-to-announce-quarterly-sales-of-2-28-billion.html