Beacon Roofing Supply (BECN) Getting Somewhat Positive News Coverage, Study Finds

News headlines about Beacon Roofing Supply (NASDAQ:BECN) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Beacon Roofing Supply earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7781685867109 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Beacon Roofing Supply (NASDAQ BECN) traded up $0.17 during mid-day trading on Thursday, reaching $62.00. 941,238 shares of the company’s stock were exchanged, compared to its average volume of 527,859. Beacon Roofing Supply has a twelve month low of $39.57 and a twelve month high of $64.88. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,210.00, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Monday, November 20th. The company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. research analysts predict that Beacon Roofing Supply will post 3.08 earnings per share for the current fiscal year.

Several research firms have recently commented on BECN. Royal Bank Of Canada reissued an “outperform” rating and set a $63.00 target price (up from $62.00) on shares of Beacon Roofing Supply in a research report on Tuesday, November 21st. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of Beacon Roofing Supply in a research report on Sunday, October 15th. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $55.00) on shares of Beacon Roofing Supply in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research report on Thursday, November 23rd. Finally, Citigroup upped their price objective on shares of Beacon Roofing Supply from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.58.

In other Beacon Roofing Supply news, EVP Ross D. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the transaction, the executive vice president now directly owns 7,056 shares in the company, valued at $421,596. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Paul Isabella sold 40,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the completion of the transaction, the chief executive officer now owns 172,046 shares in the company, valued at $10,420,826.22. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

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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.

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

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