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BECN

Beacon Roofing

$53.39

-1.33 (-2.43%)

08:57
04/09/18
04/09
08:57
04/09/18
08:57

Beacon Roofing could slightly miss Q1 earnings estimate, says William Blair

William Blair analyst Ryan Merkel believes Beacon Roofing Supply could slightly miss the Street's Q1 loss per share estimate of (8c) due to lower sales and gross margin. The analyst, however, does not see "material downside" to the shares given the low expectations heading into the print The concerns on weather and slightly negative price/cost are fair, Merkel tells investors in a pre-earnings research note. He expects Q1 organic sales up 5% and gross margin up 20 basis points sequentially after his roofing survey fell in line with his expectation. Merkel keeps an Outperform rating on Beacon Roofing.

  • 12

    Jun

  • 20

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  • 21

    Jun

BECN Beacon Roofing
$53.39

-1.33 (-2.43%)

12/05/17
WELS
12/05/17
NO CHANGE
WELS
Potential tax reform beneficial Building Products names, says Wells Fargo
Wells Fargo notes that the potential tax reform is "overwhelmingly beneficial" for its Building Products companies under coverage, though certain companies will benefit more than others. On average, the proposed tax reform could increase 2019 EPS by 18%, improve 2019 ROE by about 375 bps and lower 2019 PE multiples by 15%, it contends. Wells Fargo says that the most favorably impacted companies will likely be the Distributors like GMS Inc.(GMS) and Beacon Roofing (BECN), as well as Fortune Brands (FBHS) and Masco (MAS).
01/03/18
WBLR
01/03/18
NO CHANGE
WBLR
Outperform
William Blair sees more upside for Beacon shares after roofing survey
William Blair analyst Ryan Merkel says his Q4 roofing survey indicates year-over-year growth improved to 10% in Q4, from 8% last quarter. Roofing volumes continued to strengthen in Q4 as a result of re-roofing, storms, new construction, and mild weather in November, Merkel tells investors in a research note. He expects Beacon Roofing to slightly exceed fiscal Q1 consensus estimates. Even though shares were up 30% in 2017, there is more to go, Merkel contends. He believes the company can post adjusted fiscal 2019 earnings per share of $4.50, which he notes yields a $72-$81 stock price when using a 16-18 times multiple. The analyst keeps an Outperform rating on Beacon Roofing.
02/13/18
WEDB
02/13/18
UPGRADE
WEDB
Outperform
Beacon Roofing upgraded to Outperform from Neutral at Wedbush
02/13/18
02/13/18
UPGRADE
Target $70

Outperform
Beacon Roofing upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Jay McCanless upgraded Beacon Roofing to Outperform from Neutral and raised his price target on the shares to $70 from $52. Assuming the addition of Allied's pricing tools plus rising demand plus rising raw material costs for roofing equates to stronger pricing through the balance of FY18, the analyst is more positive on Beacon Roofing than before the Q1 EPS release.

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AVGO

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AMZN

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NVDA

Nvidia

$150.33

1.19 (0.80%)

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JD.com

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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WDC

Western Digital

$46.68

0.99 (2.17%)

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BGNE

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LOW

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SWGAY

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LNT

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BBY

Best Buy

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-1.15 (-1.81%)

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RP

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TNDM

TNDM

EIX

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0.77 (1.46%)

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