BrightView (NYSE:BV) Issues Earnings Results

BrightView (NYSE:BV) released its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. BrightView had a return on equity of 5.03% and a net margin of 0.74%. The company had revenue of $677.30 million for the quarter, compared to the consensus estimate of $723.76 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

BrightView Stock Performance

BV stock traded down $1.67 during trading hours on Wednesday, hitting $9.76. 249,625 shares of the stock were exchanged, compared to its average volume of 791,495. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $909.63 million, a P/E ratio of -38.88, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a 50-day simple moving average of $10.87 and a two-hundred day simple moving average of $12.28. BrightView has a 12 month low of $9.61 and a 12 month high of $15.00.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of BrightView from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. Morgan Stanley lowered their price target on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Finally, Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.60.

Recent BrightView Headlines

Here are a few of the latest headlines about BV:

• Positive Sentiment: Insider trading data cited in the earnings coverage showed company executive William L. Cornog purchasing 50,000 shares over the past six months, a potential sign of confidence. Quiver Quantitative earnings coverage
• Neutral Sentiment: Robert W. Baird lowered its price target to $12 from $14 but maintained an “outperform” rating, leaving a mixed signal for investors. Baird analyst ratings
• Negative Sentiment: The company’s FY 2027 revenue guidance of $2.5 billion–$2.7 billion came in below the $2.8 billion analyst consensus, raising concerns about the growth outlook. Seeking Alpha earnings and outlook coverage

About BrightView

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.