Beacon Roofing Supply (BECN) PT Lowered to $35 at Baird

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Beacon Roofing Supply (BECN) PT Lowered to $31 at Buckingham Research

March 26, 2019 8:35 AM EDT

Buckingham Research lowered its price target on Beacon Roofing Supply (NASDAQ: BECN) to $31.00 (from $38.00) while maintaining a Neutral rating.

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Beacon Roofing Supply (BECN) PT Lowered to $35 at RBC Capital

March 26, 2019 6:28 AM EDT

RBC Capital analyst Michael Eisen lowered the price target on Beacon Roofing Supply (NASDAQ: BECN) to $35.00 (from $37.00) while maintaining a Sector Perform rating following negative pre-announcement.

FY19/20 Adj. EBITDA estimates move lower to $540 MM/$572 MM from $560 MM/$592 MM... More

Beacon Roofing Supply (BECN) Guides Q2 EPS Below Views

March 25, 2019 4:17 PM EDT

Beacon Roofing Supply, Inc. (Nasdaq: BECN) (Beacon or the Company) announced today that results for the second quarter ended March 31, 2019 will be impacted by unfavorable weather conditions. The Company is estimating a second quarter Adjusted Net Income (Loss) per share (Adjusted EPS) of between $(0.45) and $(0.55), compared to the current Street consensus loss per share of approximately $(0.25). Despite the second quarter being heavily impacted by harsh weather, Adjusted EPS for the full fiscal year ending September 30, 2019 is anticipated to be within the lower-end of the Companys previously provided range of $2.90 to $3.35.

Paul Isabella, the... More