Zacks Research Has Bearish Estimate for BECN Q1 Earnings

Beacon Roofing Supply, Inc. (NASDAQ:BECN) – Equities research analysts at Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for Beacon Roofing Supply in a research note issued to investors on Wednesday, March 12th. Zacks Research analyst S. Mukherjee now anticipates that the company will post earnings of ($0.18) per share for the quarter, down from their prior forecast 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.

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

A number of other equities analysts have also recently weighed in on BECN. Stephens reissued an “equal weight” rating and issued a $103.00 price target on shares of Beacon Roofing Supply in a research note on Tuesday, November 19th. Stifel Nicolaus cut Beacon Roofing Supply from a “buy” rating to a “hold” rating and lowered their target price for the company from $131.00 to $122.55 in a research note on Friday, February 7th. StockNews.com initiated coverage on Beacon Roofing Supply in a research note on Monday. They set a “sell” rating on the stock. JPMorgan Chase & Co. lifted 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. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Beacon Roofing Supply currently has an average rating of “Hold” and a consensus target price of $119.95.

Beacon Roofing Supply Trading Up 1.6 %

Shares of BECN opened at $121.79 on Monday. The business’s 50-day moving average price is $116.16 and its 200 day moving average price is $103.97. The stock has a market capitalization of $7.50 billion, a P/E ratio of 20.82 and a beta of 1.63. 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.

Institutional Investors Weigh In On Beacon Roofing Supply

Several large investors have recently made changes to their positions in BECN. FMR LLC grew its stake in shares of Beacon Roofing Supply by 17.6% in the 3rd 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. Norges Bank bought a new stake in Beacon Roofing Supply during the fourth quarter worth approximately $94,573,000. Balyasny Asset Management L.P. bought a new stake in Beacon Roofing Supply during the fourth quarter worth approximately $68,588,000. Janus Henderson Group PLC boosted its position in Beacon Roofing Supply by 1,449.0% during the third quarter. Janus Henderson Group PLC now owns 615,593 shares of the company’s stock worth $53,205,000 after purchasing an additional 575,852 shares during the period. Finally, Citigroup Inc. boosted its position in Beacon Roofing Supply by 1,192.1% during the third quarter. Citigroup Inc. now owns 513,692 shares of the company’s stock worth $44,398,000 after purchasing an additional 473,937 shares during the period. Institutional investors own 98.45% of the company’s stock.

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.