FMP
Jun 22, 2022 8:06 PM - Davit Kirakosyan
Beacon Roofing Supply, Inc. (NASDAQ:BECN) was downgraded to sector perform from outperform by RBC Capital analysts. Also, the price target was lowered to $58 from $70. Shares were trading around 4% lower Wednesday afternoon.
The analysts keep their 2022 EBITDA estimate largely unchanged at $829 million (previously $832 million) while lowering their 2023 EBITDA estimate more meaningfully to $664 million from $775 million, as they model a decline in volumes, price give-back amid likely increased competition and further gross margin normalization.
The analysts reduced their 2023 revenue estimate to $7.46 billion (down 8.5% year-over-year) from $7.88 billion (down 4% year-over-year). Despite noting that they continue to like the company’s self-help initiatives, improved balance sheet, and relatively more defensive product portfolio, the analysts downgrade the company to sector perform following the stock’s year-to-date relative outperformance given their expectation for deteriorating macro housing conditions to weigh on 2023 earnings.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...