Beacon Roofing Supply, Inc. (BECN): Finding A Signal Amidst The Noise

Wall Street analysts will be watching closely when Beacon Roofing Supply, Inc. (NASDAQ:BECN) reports its quarterly earnings next, which is scheduled for Thu 14 Feb (In 32 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.69 per share. In the preceding quarter, the company reportedly generated EPS of $1.07 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 3.20%, a profit margin of 1.30% and a gross margin of 24.80%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN). Most recently, on December 14th, 2018, Wedbush Downgrade a Neutral rating. Before that, on November 28th, 2018, Longbow Downgrade to Neutral. Wells Fargo Upgrade a Market Perform rating on November 21st, 2018, Raymond James Downgrade an Outperform rating on November 20th, 2018, and Evercore ISI Downgrade a In-line rating on November 20th, 2018.

At its current price point, combined with the fact that this company has 68.22M shares outstanding, the current market capitalization sits at 2.33B. In the last trading day, 785,578 shares of Beacon Roofing Supply, Inc. were traded, which compares to its usual volume of about 1.43M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.08 in the past five trading days, resulting in a percentage change of +0.23% and a moving average of 34.37. In the past 20 days, its price changed by $2.11 (which is +6.58%) and the stock’s moving average was 32.32. Looking back a full 50 days, shares of BECN changed by $8.85 (which is +34.97%) and demonstrated a moving average of 31.27.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 77.11%, a 14-day Stochastic %K score of 81.81% and a 20-day Stochastic %K score of 81.81%. Using a similar metric, Beacon Roofing Supply, Inc. (BECN) shares showed a Stochastic %D of 79.07% over the past 9 days, a Stochastic %D score of 81.86% over the last 14 days, and a 20-day Stochastic %D of 81.86%. Meanwhile, this stock’s MACD Oscillator was 0.76 over the past 9 days, 1.70 over the past two weeks, and 2.04 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $34.16 level. Over the past 12 months, this stock has experienced a high price of $63.92 and a low of $24.97. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Beacon Roofing Supply, Inc. (NASDAQ:BECN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 5,870,143 shares of the company’s stock following the addition of 95,476 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 8.61% stake in Beacon Roofing Supply, Inc. (BECN)’s shares.

Just in the most recent trading day, Beacon Roofing Supply, Inc. (NASDAQ:BECN) experienced a high price of $34.57 and low point of $33.66. At the end of the last trading session, this stock was at 34.16 per share, following a loss of -$0.2, or -0.09% during the full day.