Beacon Roofing Supply Inc (NASDAQ: BECN) has reported E.P.S. of $2.03 for its second fiscal quarter (ending June 30) versus $2.02 for the same period a year ago. E.P.S. were $-0.56 for the latest four quarters through June 30 versus $5.15 for the same period a year ago.
Recent Price Action
On 8/1/24, Beacon Roofing Supply Inc (NASDAQ: BECN) stock declined by -4.4%, closing at $98.27. Moreover, above average trading volume at 144% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BECN is expected to continue to be a major Value Builder.
Beacon Roofing Supply has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Beacon Roofing Supply has a poor Appreciation Score of 23 but a good Power Rating of 72, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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