Beacon Roofing Supply Inc (NASDAQ: BECN) Could Achieve Gains In The Near Future

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. Yahoo Finance discussed the stock recently as it posted Beacon Announces Three New Locations.

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Stocks Info

Beacon Roofing Supply Inc is listed on the NASDAQ in the Industrials sector while operating in the Industrial Distribution industry. The current market capitalization of Beacon Roofing Supply Inc is $6.22B. A total of 1.61 million shares were traded on the day, compared to an average of 724.90K shares.

In the most recent transaction, Taylor Jason L sold 1,805 shares of BECN for 95.00 per share on Mar 21 ’24. After the transaction, the President, West Division now owns 10,531 company shares. In a previous transaction on Dec 20 ’23, Taylor Jason L sold 1,806 shares at 88.75 per share. BECN shares that President, West Division owns now total 11,178.

Among the insiders who sold shares, Taylor Jason L disposed of 1,806 shares on Dec 14 ’23 at a per-share price of $83.85. This resulted in the President, West Division holding 12,984 shares of BECN after the transaction. In another insider transaction, Gosa James J sold 2,250 shares at $80.38 per share on Dec 11 ’23. Company shares held by the President, North/Canada Div. now total 17,922.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, BECN has a high of $96.86 and a low of $54.60.

As of this writing, BECN has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.1. The company reported an EPS of $2.84 in the last quarter, which was 8.80% higher than expectations of $2.61.

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. BECN’s latest balance sheet shows that the firm has $225.80M in Cash & Short Term Investments as of fiscal 2021. There were $2.07B in debt and $1.37B in liabilities at the time. Its Book Value Per Share was $28.81, while its Total Shareholder’s Equity was $2.21B.

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, 0 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 Buy with a score of 4.08.

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