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BECN

Beacon Roofing

$37.63

-0.665 (-1.74%)

16:44
05/07/19
05/07
16:44
05/07/19
16:44

Beacon Roofing cuts FY19 EPS view to $2.90-$3.35 from $2.90-$3.50

Consensus $2.90. Sees FY19 revenue $7B-$7.35B, consensus $7.12B. Sees FY19 adjusted EBITDA $540M-$610M. Guidance taken from slides to be presented on Q2 earnings conference call.

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    May

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    Jun

BECN Beacon Roofing
$37.63

-0.665 (-1.74%)

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.
03/26/19
JPMS
03/26/19
NO CHANGE
Target $36.5
JPMS
Neutral
Beacon Roofing Q2 miss negative for Owens Corning, says JPMorgan
Largely driven by the quarter's harsh weather, Beacon Roofing Supply (BECN) last night announced weaker than expected preliminary Q2 results, JPMorgan analyst Michael Rehaut tells investors in a research note. The preannouncement is a negative read-through for Owens Corning (OC), adds the analyst, who points out that his Q1 earnings per share estimate of 52c is already below the Street's 61c consensus. The analyst keeps a Neutral rating on Beacon Roofing with a $36.50 price target. The stock's valuation appropriately reflects the company's temporarily elevated leverage, recent challenges surrounding sales consistency and guidance, as well as upside potential over the next two years from the Allied integration, says Rehaut.
03/26/19
RHCO
03/26/19
NO CHANGE
Target $44
RHCO
Buy
Beacon Roofing weather-related disruptions should be limited, says SunTrust
SunTrust analyst Keith Hughes kept his Buy rating and $44 price target on Beacon Roofing after its negative Q2 pre-announcement yesterday. The analyst notes that while adverse weather factors reduced expectations, the outlook for the rest of the year suggests "minimal impact in future quarters". Hughes adds that roofing can actually see benefits from weather factors over the medium term as replacement demand rises, further stating that he is still assessing the latest "notable hail activity" most recently reported in Dallas.

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IDYA

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MDT

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HFC

HollyFrontier

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PS

Pluralsight

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Microsoft

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MSFT

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GTE

Gran Tierra

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PGR

Progressive

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CRM

Salesforce

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

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RNG

RingCentral

$122.58

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LB

L Brands

$24.29

1.605 (7.08%)

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Vipshop

$7.75

0.095 (1.24%)

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Copart

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HMC

Honda

$25.54

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  • 05

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DSNKY

Daiichi Sankyo

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  • 31

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SPOT

Spotify

$127.10

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IDXX

Idexx Laboratories

$250.45

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OMC

Omnicom

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BSX

Boston Scientific

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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  • 22

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

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  • 22

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CE

Celanese

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

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  • 22

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SIM

Grupo Simec

$9.23

(0.00%)

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