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Wednesday, March 22, 2023

Beacon Roofing Supply Inc. (BECN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Beacon Roofing Supply Inc. (BECN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 0.40%, to $67.59. The Beacon Roofing Supply Inc. has recorded 12,453 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Beacon Reports Fourth Quarter and Full Year 2022 Results.

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Stocks Info

Beacon Roofing Supply Inc. is listed on the NASDAQ in the Industrials sector while operating in the Building Products & Equipment industry. At the end of the last regular session, the stock closed at $67.32 and fluctuated between $67.64 as its day high and $65.58 as its day low. The current market capitalization of Beacon Roofing Supply Inc. is $4.22B. A total of 0.51 million shares were traded on the day, compared to an average of 448.12K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BECN has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 107,185 and the disposition of 1,450 shares. Over the last 12 months, there were 26 BUYs and 26 SELLs from insiders. Insiders purchased 587,780 shares during that period but sold 99,525.

In the most recent transaction, CD&R Investment Associates IX, bought 107,185 shares of BECN for 55.98 per share on Jan 30. After the transaction, the 10% Owner now owns 15,072,084 company shares. In a previous transaction on Nov 15, Nelson Christopher Carl sold 4,073 shares at 58.71 per share. BECN shares that EVP & CIO owns now total 1,450.

Among the insiders who sold shares, Nelson Christopher Carl disposed of 12,643 shares on Nov 11 at a per-share price of $58.54. This resulted in the EVP & CIO holding 0 shares of BECN after the transaction. In another insider transaction, Harrell Martin S. bought 9,009 shares at $55.50 per share on Nov 08. Company shares held by the President, Waterproofing now total 9,009.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BECN in the last 3 months, the mean price target is $75.58 with high estimates of $98.00 and low estimates of $60.00. In terms of 52-week highs and lows, BECN has a high of $66.79 and a low of $45.71.

As of this writing, BECN has an earnings estimate of $1.21 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.48 per share and a lower estimate of $0.84. The company reported an EPS of $2.46 in the last quarter, which was 6.50% higher than expectations of $2.31.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BECN is Hold with a score of 3.42. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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