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BECN

Beacon Roofing

$34.14

0.81 (2.43%)

16:14
03/25/19
03/25
16:14
03/25/19
16:14

Beacon Roofing guides Q2 EPS (55c) to (45c), consensus (25c)

The company says the quarter is being impacted by unfavorable weather conditions. CEO Paul Isabella states: "Although the second quarter typically is our most difficult quarter, extremely harsh weather conditions, mostly in February and early March, will result in a quarterly Adjusted EPS miss that we believe is appropriate to highlight early to the investment community in the interest of transparency. Through mid-March, the harsh weather has negatively impacted 40% to 75% of our available selling days, depending on geography. Higher-than-normal seasonal pressures have caused margins to decline more than anticipated during the quarter, and we have experienced difficulties in reducing variable expenses given the weather volatility. Our team continues to implement the measures needed to respond to this latest set of challenges. We believe the negative impact of these circumstances will be isolated to the second quarter, and we anticipate re-capturing some of the quarter's deferred volumes and margin during the second half of 2019. As a result, we are confident in achieving the lower end of our previously provided Adjusted EPS range of $2.90 to $3.35 for fiscal year 2019. Our dedication to executing our growth strategy is steadfast, and we remain confident in our prospects for long-term success."

  • 21

    May

BECN Beacon Roofing
$34.14

0.81 (2.43%)

12/14/18
12/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to Sell from Neutral at Goldman Sachs with analyst Robert Jones saying he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." 2. Cisco (CSCO) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying strengthening information technology spending, an innovation-led refresh cycle, and a rising software mix have lifted Cisco's multiple and its shares to post-recession highs. 3. Universal Health (UHS) downgraded to Sell from Neutral at Goldman Sachs with analyst Stephen Tanal saying a "healthy" macro environment helps acute hospitals' commercial mix, but behavioral health providers like Universal Health over-index to Medicaid and Medicare, "leaving them less exposed to the supportive backdrop." 4. Beacon Roofing (BECN) downgraded to Neutral from Outperform at Wedbush with analyst Jay McCanless saying that yesterday's investor day did not provide any new catalysts to raise EPS estimates or price target. 5. Kaman (KAMN) downgraded to Underweight from Neutral at JPMorgan with analyst Seth Seifman saying he values the stock at 14 times his 2020 earnings per share estimate of $4.05 while adding 15c for potentially accretive M&A, given the company's balance sheet capacity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/19
RHCO
02/08/19
NO CHANGE
Target $44
RHCO
Buy
Beacon Roofing price target raised to $44 from $38 at SunTrust
SunTrust analyst Keith Hughes raised his price target on Beacon Roofing to $44 and kept his Buy rating after its Q1 earnings beat and maintained guidance for the first time in several quarters. The analyst cites the company's continued price / costs gains and also points to its "solid organic growth" in January even though it is typically a weak month on a seasonal basis. Hughes expects Beacon Roofing comps to improve from the unusually weak for storm activity 2018.
02/25/19
BUCK
02/25/19
INITIATION
BUCK
Neutral
Beacon Roofing initiated with a Neutral at Buckingham
Buckingham analyst Megan McGrath initiated Beacon Roofing with a Neutral and $38 price target citing uncertainties around the Allied integration and roofing demand. McGrath would like to see a positive turn in roofing or EBITDA margin improvement before turning more positive on shares.
02/25/19
02/25/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Antares Pharma (ATRS) initiated with an Outperform at Cowen. 2. New Fortress Energy (NFE) initiated with a Buy at Citi and Stifel, an Overweight at Morgan Stanley, an Equal Weight at Barclays and an Oupterform at JMP Securities and Evercore ISI. 3. Aurora Cannabis (ACB), CannTrust Holdings (CNTTF), Flowr (FLWPF), Organigram (OGRMF) and The Green Organic Dutchman (TGODF) initiated with a Buy at Jefferies, Canopy Growth (CGC) and Emerald Health Therapeutics (EMHTF) initiated with a Hold, Cronos Group (CRON) and HEXO (HEXO) initiated with an Underperform. 4. Pulse Biosciences (PLSE) initiated with a Buy at H.C. Wainwright. 5. Beacon Roofing (BECN) initiated with a Neutral at Buckingham, while the firm initiated BMC Stock Holdings (BMCH) and TopBuild (BLD) with a Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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BILL

Bill.com

$0.00

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FTSV

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  • 12

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NCR

NCR Corp.

$32.60

0.16 (0.49%)

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  • 11

    Dec

CIEN

Ciena

$35.45

0.75 (2.16%)

, LOVE

Lovesac

$14.49

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Veru

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0.17 (7.39%)

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CHEF

Chefs' Warehouse

$35.51

-0.06 (-0.17%)

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  • 12

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HSBC

HSBC

$37.15

0.44 (1.20%)

20:13
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HSBC rating change at BofA/Merrill »

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PLCE

Children's Place

$54.36

-16.31 (-23.08%)

19:54
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Downgrade
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  • 11

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LVGO

Livongo Health

$27.55

1.48 (5.68%)

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  • 12

    Dec

CVX

Chevron

$116.22

-1.68 (-1.42%)

19:42
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Chevron said to be close to approving Gulf of Mexico project, Bloomberg says »

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RH

RH

$233.00

0.03 (0.01%)

19:27
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RH CEO sold 500,000 common shares of company from Dec 9 through Dec 11 »

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CRWD

Crowdstrike

$47.74

0.18 (0.38%)

19:17
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  • 12

    Dec

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    Dec

GLD

SPDR Gold Shares

$138.94

0.98 (0.71%)

19:00
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SPDR Gold Shares holdings rise to 886.22MT from 885.93MT »

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DIS

Disney

$147.70

1.58 (1.08%)

, GOOG

Alphabet

$1,345.14

0.64 (0.05%)

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GOOG

Alphabet

$1,345.14

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GOOGL

Alphabet Class A

$1,344.65

1.61 (0.12%)

AAPL

Apple

$270.71

2.09 (0.78%)

T

AT&T

$38.17

0.1 (0.26%)

NFLX

Netflix

$299.25

6.04 (2.06%)

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  • 11

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DLHC

DLH Holdings

$4.58

0.525 (12.96%)

, FORM

FormFactor

$23.77

0.57 (2.46%)

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DLH Holdings

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LULU

Lululemon

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NX

Quanex

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TLRD

Tailored Brands

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NDSN

Nordson

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MESA

Mesa Air

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OXM

Oxford Industries

$74.07

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AKTS

Akoustis

$7.60

0.11 (1.47%)

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  • 11

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TTD

Trade Desk

$250.44

0.13 (0.05%)

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RACE

Ferrari

$165.20

0.37 (0.22%)

18:45
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RIBT

RiceBran

$2.09

-0.105 (-4.79%)

18:43
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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

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VMW

VMware

$151.00

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TSLA

Tesla

$352.40

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DELL

Dell Technologies

$47.73

0.37 (0.78%)

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  • 11

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SMTC

Semtech

$47.36

0.48 (1.02%)

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  • 07

    Jan

CS

Credit Suisse

$12.95

-0.115 (-0.88%)

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  • 11

    Dec

PANW

Palo Alto Networks

$226.76

1.71 (0.76%)

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  • 08

    Jan

PBYI

Puma Biotechnology

$8.71

0.24 (2.83%)

18:08
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GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

18:05
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NH

NantHealth

$0.86

-0.0225 (-2.54%)

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