Home > Boards > US Listed > Real Estate > Beazer Homes Inc. (BZH)

S&P Revises Beazer's Rating Outlook to Stable

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Wildbilly Member Profile
Member Level 
Followed By 223
Posts 34,191
Boards Moderated 1
Alias Born 11/19/03
160x600 placeholder
Quarterly Report (10-q) Edgar (US Regulatory) - 5/2/2019 5:07:23 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/2/2019 4:41:19 PM
Beazer Homes Reports Second Quarter Fiscal 2019 Results Business Wire - 5/2/2019 4:15:00 PM
Beazer Homes Announces New Master-Plan Coming Soon to Sacramento, Calif. Business Wire - 4/30/2019 9:20:00 AM
Beazer Homes to Present at the J.P. Morgan Homebuilding and Building Products Conference on May 14, 2019 Business Wire - 4/25/2019 12:00:00 PM
Beazer Homes USA, Inc. to Webcast Its Fiscal Second Quarter Results Conference Call on May 2, 2019 Business Wire - 4/18/2019 10:38:00 AM
Beazer Homes Earns 2019 ENERGY STAR® Partner of the Year – Sustained Excellence Award Business Wire - 4/10/2019 2:56:00 PM
Beazer Homes Sacramento Wins Top National Award for Quality of Construction Business Wire - 4/10/2019 10:26:00 AM
Home-Builder Stocks Stage a Comeback -- 2nd Update Dow Jones News - 3/26/2019 5:13:00 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 3/26/2019 3:59:57 PM
Home-Builder Stocks Stage a Comeback --Update Dow Jones News - 3/26/2019 11:02:00 AM
Amended Quarterly Report (10-q/a) Edgar (US Regulatory) - 3/11/2019 4:47:17 PM
Gatherings® by Beazer Homes Wins Two ‘Best of 55+ Housing’ Awards Business Wire - 2/25/2019 6:30:00 AM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/14/2019 4:03:28 PM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/14/2019 8:35:00 AM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/14/2019 6:33:36 AM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/11/2019 1:24:19 PM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/8/2019 4:04:35 PM
Beazer Homes Hosts Get More National Sales Event from Feb. 7 – 27 Business Wire - 2/7/2019 10:24:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/6/2019 5:16:12 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 2/4/2019 5:09:24 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 2/4/2019 4:29:18 PM
Beazer Homes Reports First Quarter Fiscal 2019 Results Business Wire - 2/4/2019 4:15:00 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/4/2019 10:15:02 AM
Wildbilly Member Level  Wednesday, 05/15/13 03:34:27 PM
Re: None
Post # of 816 
S&P Revises Beazer's Rating Outlook to Stable
on Better Operating Performance


   By Debbie Cai

  Standard & Poor's Ratings Services revised its rating outlook on Beazer Homes USA Inc. (BZH) to stable from negative, citing improved operating performance at the homebuilder.
  The firm backed Beazer's corporate credit rating at B-minus, which is six steps into junk territory.
  Beazer's stronger-than-anticipated results were driven by year-over-year growth in deliveries, average sales price, and margin expansion, S&P said. Current ratings acknowledge the company's highly leveraged balance sheet and the need for further operational improvement, offset by adequate liquidity and the lack of near-term debt maturities, according to the ratings firm.
  S&P said the ratings are reflective of Beazer's "highly leveraged" financial risk profile, as measured by a heavy debt load and sizable interest obligations. However, the company has had success in pushing scheduled debt maturities to 2016 and beyond and boosting its liquidity position.
  Beazer's business risk profile is assessed at "vulnerable," due to the considerable operating improvements necessary to reach profitability and its larger presence in relatively weaker Southeast, Northeast, and Midwest markets, the firm said.
  S&P anticipates the company will continue to strengthen its earnings before interest, taxes and depreciation as the housing recovery.
  Earlier this month, Beazer reported its fiscal second-quarter loss narrowed as revenue jumped and it continued to see improvements in home closings, backlogs and margins.
  Shares rose 11 cents to $21.95 recently. The stock is up 63% over the past 12 months.

  Write to Debbie Cai at debbie.cai@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

  (END) Dow Jones Newswires
  May 15, 2013 12:47 ET (16:47 GMT)
  Copyright (c) 2013 Dow Jones & Company, Inc.- - 12 47 PM EDT 05-15-13
Source: DJ Broad Tape

Contingit stercore.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist