|Bid||55.55 x 1100|
|Ask||55.65 x 1300|
|Day's Range||55.00 - 56.44|
|52 Week Range||15.42 - 56.44|
|Beta (5Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 20, 2021 - Apr 26, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.75|
Rating Action: Moody's upgrades Beacon Roofing Supply's CFR to B1, secured debt to Ba3, unsecured notes to B3; upgrades liquidity rating to SGL-1; outlook positiveGlobal Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service (Moody's) upgraded Beacon Roofing Supply's (Beacon) Corporate Family Rating (CFR) to B1 from B2 and Probability of Default Rating to B1-PD from B2-PD. Moody's also upgraded the ratings on Beacon's senior secured debt to Ba3 from B2 and its senior unsecured notes to B3 from Caa1. In addition, Moody's upgraded the company's speculative grade liquidity rating to SGL-1 from SGL-2.The upgrade of Beacon's CFR to B1 from B2 and the change in outlook to positive from negative reflects Moody's expectation that Beacon will benefit from end market dynamics that support growth and will improve operating performance.
Beacon (Nasdaq: BECN) (the "Company") announced today Executive Vice President & Chief Human Resources Officer Christopher A. Harrison will be leaving the Company later this fiscal year. The Company has initiated a nationwide search for Mr. Harrison’s successor. Mr. Harrison will remain CHRO and work closely with President & Chief Executive Officer Julian Francis until his successor is appointed. He then will support the transition of his responsibilities until his departure, which is expected to occur during the Company’s third quarter.
Beacon (Nasdaq: BECN) (the "Company") announced today that Binit Sanghvi has been appointed its Head of Investor Relations.