Zacks Research Has Bearish Estimate for BECN Q1 Earnings

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Analysts at Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for Beacon Roofing Supply in a note issued to investors on Wednesday, March 12th. Zacks Research analyst S. Mukherjee now expects that the company will earn ($0.18) per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Beacon Roofing Supply’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Beacon Roofing Supply’s FY2025 earnings at $6.93 EPS, Q1 2026 earnings at $0.33 EPS and FY2026 earnings at $7.87 EPS.

A number of other research analysts have also commented on BECN. Robert W. Baird upped their target price on Beacon Roofing Supply from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Zelman & Associates lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on Beacon Roofing Supply from $119.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. Finally, Stifel Nicolaus lowered Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $131.00 to $122.55 in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Beacon Roofing Supply has a consensus rating of “Hold” and a consensus price target of $119.95.

Beacon Roofing Supply Stock Up 1.6 %

BECN opened at $121.79 on Monday. Beacon Roofing Supply has a 1-year low of $77.54 and a 1-year high of $122.22. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 20.82 and a beta of 1.63. The business has a 50 day moving average of $116.16 and a 200-day moving average of $103.97.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.43 billion.

Institutional Trading of Beacon Roofing Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Beacon Roofing Supply by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,509,495 shares of the company’s stock valued at $661,235,000 after buying an additional 24,027 shares in the last quarter. FMR LLC increased its stake in shares of Beacon Roofing Supply by 17.6% in the third quarter. FMR LLC now owns 6,435,880 shares of the company’s stock valued at $556,253,000 after buying an additional 963,633 shares in the last quarter. Boston Partners increased its stake in shares of Beacon Roofing Supply by 1.3% in the fourth quarter. Boston Partners now owns 4,531,106 shares of the company’s stock valued at $462,417,000 after buying an additional 59,630 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Beacon Roofing Supply by 16.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,384,793 shares of the company’s stock valued at $242,247,000 after buying an additional 329,047 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Beacon Roofing Supply by 1.1% in the third quarter. State Street Corp now owns 1,471,500 shares of the company’s stock valued at $127,182,000 after buying an additional 15,505 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.