From None: 2025-03-03 12:09:00

Beacon Roofing Supply (NASDAQ:BECN) received a Buy rating and $140 price target from Benchmark after reporting solid fourth-quarter 2024 results. Revenue increased by 4.5% year-over-year, with adjusted EBITDA up by 2.7%. Despite challenges in the housing market, the company is poised for growth through acquisitions and new locations.

Due to economic uncertainty, estimates for the current and upcoming fiscal year have been adjusted downward by $0.50. However, Beacon Roofing Supply’s long-term outlook remains positive, supporting the decision to maintain a Buy rating. The company is expected to drive positive performance through expansion and scaling up operations.



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