Beacon Roofing Supply (BECN) came out with quarterly earnings of $1.65 per share, missing the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.20%. A quarter ago, it was expected that this roofing materials distributor would post earnings of $2.88 per share when it actually produced earnings of $2.80, delivering a surprise of -2.78%.Over the last ...

Fourth Quarter Financial Highlights Exhibit 99.1 BEACON REPORTS RECORD FOURTH QUARTER AND FULL YEAR NET SALES, STRONG NET INCOME AND HIGHEST ADJUSTED EBITDA IN HISTORY HERNDON, VA. — (BUSINESS WIRE) — February 27, 2025 — Beacon (Nasdaq: BECN) (the "Company", "we", "our"), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and related exterior products, announced results today for the fourth quarter and full year ended December 31, 2024 ("2024"). "Despite the challengin ...

Wall Street analysts expect Beacon Roofing Supply (BECN) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year decline of 2.9%. Revenues are expected to be $2.42 billion, up 5.4% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is cr ...

Investors in Beacon Roofing Supply, Inc. (BECN) need to pay close attention to the stock based on moves in the options market lately. That is because the April 17, 2025 $45 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...

Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today commented on Beacon Roofing Supply, Inc.'s (NASDAQ:BECN) adoption of a shareholder rights plan, which takes immediate effect and is aimed at blocking QXO's all-cash tender offer to acquire all outstanding shares of Beacon for $124.25 per share. "We launched our all-cash tender offe ...

GREENWICH, Conn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today announced that it is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. This price implies a 37% premium above Beacon's 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024. The total transaction enterprise value is approximately $11 billion. QXO intends to complete the acquisition quickly after the tender ...

Beacon Roofing Supply (BECN) shares ended the last trading session 7.7% higher at $117.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% gain over the past four weeks.The stock price jumped after Beacon Roofing Supply announced on Wednesday that it had rejected an $11 billion takeover bid from QXO, stating that the offer "significantly undervalues" the roofing materials supplier. Earlier that day, QXO's CEO ...

Beacon Roofing Supply, Inc. (BECN) , a leading distributor of roofing, waterproofing and exterior products, reported progress in its fourth-quarter expansion efforts for 2024.The company added two new branches and completed two acquisitions, enhancing its presence in Massachusetts, Missouri and Tennessee. The initiatives indicate Beacon’s focus on growing its service area and strengthening the company’s market position.More on Beacon's Recent Growth InitiativesBeacon continued its M&A growth strategy by acq ...

Investment Strategy - Value investing is a popular method to identify undervalued stocks with profit potential, relying on traditional analysis of key valuation metrics [2] - The Zacks Style Scores system helps identify stocks with specific traits, such as high Zacks Rank and "A" grades for Value, indicating high-quality value stocks [3] Company Analysis: Beacon Roofing Supply (BECN) - BECN currently holds a Zacks Rank of 2 (Buy) and an "A" grade for Value, suggesting strong investment potential [4] - The company's P/E ratio is 12.46, significantly lower than the industry average of 18.35, indicating potential undervaluation [4] - BECN's Forward P/E has ranged between 9.68 and 14.04 over the past 12 months, with a median of 11.50 [4] - The PEG ratio of BECN is 1.66, below the industry average of 1.93, suggesting the stock may be undervalued relative to its earnings growth potential [5] - BECN's PEG ratio has fluctuated between 1.14 and 1.74 over the past year, with a median of 1.47 [5] - The P/S ratio of BECN is 0.65, lower than the industry average of 0.88, indicating potential undervaluation based on sales performance [6] - BECN's P/CF ratio is 11.39, significantly lower than the industry average of 27.44, suggesting the stock is undervalued relative to its cash flow [7] - The P/CF ratio has ranged between 8.71 and 12.63 over the past 52 weeks, with a median of 10.26 [7] Conclusion - BECN appears to be undervalued based on multiple valuation metrics, including P/E, PEG, P/S, and P/CF ratios, compared to industry averages [4][5][6][7] - The company's strong earnings outlook further supports its potential as a high-quality value stock [8]

Beacon Roofing Supply, Inc. (BECN) is benefiting from the effective implementation of its Ambition 2025 targets and cost-reduction initiatives. The company’s emphasis on expanding through acquisitions, along with investments in digital and productivity enhancements, is expected to support its prospects.Shares of this largest publicly traded distributor of residential and non-residential roofing materials have gained 17.6% in the past year compared with the Zacks Building Products – Retail industry’s growth ...