Beacon Roofing Supply Inc. (NASDAQ:BECN) saw a downside of -3.30% to $83.17 after subtracting -$2.83 on Tuesday. The 5-day average trading volume is 782,056 shares of the company’s common stock. It has gained $87.06 in the past week and touched a new high 1 time within the past 5 days. An average of 481,199 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 508,440.
BECN’s 1-month performance is -1.63% or $0.57 on its low of $81.80 reached on 08/08/23. The company’s shares have touched a 52-week low of $50.42 and high of $87.46, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, BECN has achieved 57.54% or $30.36 and has reached a new high 36 times. However, the current price is down -4.91% from the 52-week high price.
Insider Transactions
BECN stock investors last saw insider trading activity on Jun 12.Nelson Christopher Carl (EVP & CIO) most recently sold 8,611 shares at $72.95 per share on Jun 12. This transaction cost the insider $628,172. Director, RANDLE STUART A, sold 10,299 shares at a price of $72.43 on Jun 08. Then, on May 16, President, South Division Best Clement Munroe III sold 1,500 shares at a price of $61.72 per share. This transaction amounted to $92,580.
Valuation Metrics
BECN stock has a beta of 1.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.63 while the price-to-book (PB) in the most recent quarter is 2.80, with the price to cash flow ratio at 17.28.
Beacon Roofing Supply Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.00, while the total debt to equity was 1.02. In terms of profitability, the gross margin trailing 12 months is 26.40%. The trailing 12-month EBITDA margin is 10.44% while for the period ending June 29, Beacon Roofing Supply Inc.’s operating margin was 8.30%. The firm’s gross profit as reported stood at $2.24 billion against revenue of $8.43 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -13.46% to $153.8 million, while revenue of $24.8 million was 83.88% off the previous quarter. Analysts expected BECN to announce $2.27 per share in earnings in its latest quarter, but it posted $2.65, representing a 16.70% surprise. EBITDA for the quarter stood at more than $277.5 million. BECN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.08 billion, with total debt at $2.26 billion. Shareholders hold equity totaling $63.1 million.
Let’s look briefly at Beacon Roofing Supply Inc. (BECN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 45.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.59%.
The stock’s 5-day moving average is $84.77, reflecting a -4.35% or -$3.78 change from its current price. BECN is currently trading -0.26% above its 20-day SMA, +44.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.98% and SMA200 by+55.25%.
Stochastic %K and %D was 36.58% and 43.10% and the average true range (ATR) pointed at 2.58. The RSI (14) points at 50.32%, while the 14-day stochastic is at 23.85% with the period’s ATR at 2.35. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -0.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Beacon Roofing Supply Inc. (NASDAQ: BECN), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for BECN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BECN as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is BECN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $82.00 and a high of $108.00, with their median price target at $95.00. Looking at these predictions, the average price target given by analysts is for Beacon Roofing Supply Inc. (BECN) stock is $96.58.
