Economy

Unexpected Gainer with critical Performance Analyses: Beacon Roofing Supply, Inc. (NASDAQ:BECN)

During the same quarter previous year, the company posted $0.77 EPS. The consensus rating is 1.9, indicating analysts in general look favorably on the company's future prospects. The business is expected to announce its next quarterly earnings results on Monday, November 20th.

In an overview of the current analyst recommendations, Buy count is 11 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The company beat the analyst EPS Estimate with the difference of $-0.03. The value of the company's investment in Beacon Roofing Supply, Inc. went from $19,053,000 to $19,432,000 a change of 2.0% quarter over quarter. For the quarter, shares have been noted at -0.91%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.27 billion. The firm's revenue was up 5.3% compared to the same quarter a year ago. (NASDAQ:BECN) in a research note published on Tuesday, September 12th. BidaskClub cut shares of Beacon Roofing Supply from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Jefferies Group LLC raised Beacon Roofing Supply from a "hold" rating to a "buy" rating and boosted their target price for the company from $50.00 to $54.00 in a research report on Friday, August 25th. Wedbush reaffirmed a "neutral" rating and issued a $47.00 target price on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. It has been assigned a low target price of $46 and a high target price of $60. "(NASDAQ:BECN)" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. The analyst recommendations from a month ago are 8 Buy, 2 Overweight, 0 Sell, 5 Hold and 0 Underweight.

BECN is now undervalued by -7.76% relative to the average 1-year price target of $53.62 taken from a group of Wall Street Analysts.

Several hedge funds have recently added to or reduced their stakes in the stock. Brant Point Investment Management LLC owned approximately 0.12% of Beacon Roofing Supply worth $3,518,000 as of its most recent filing with the Securities & Exchange Commission. As of the end of the quarter Hood River Capital Management LLC had bought a total of 9,015 shares growing its stake by 2.3%. Shares are now up +20.55% over the past year, outperforming the broad market by 32.15% and outperformed a peer group of similar companies by 0%. The shares price has positioned 1.96% up over the past quarter while it has directed 1.37% toward a rising position throughout past six months. If you are accessing this article on another website, it was copied illegally and reposted in violation of worldwide copyright legislation. Share performance for the month is now at 20.34%.

Now we take a performance look how Beacon Roofing Supply, Inc. Shares saw a steep increase in trading volume of 167.32% over the normal average daily volume. Current price places the company's stock -23.13% away from its 200-day simple moving average, -12.58%, away from the 50-day average and also -5.5% away from 20-day average. The company rocked its 52-Week High of $52.12 and touched its 52-Week Low of $39.57. The Company purchases products from manufacturers and then distributes these goods to a customer base consisting of contractors, home builders, retailers and building materials suppliers.



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