BrightView (NYSE:BV) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

BrightView (NYSE:BV) posted its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, FiscalAI reports. The firm had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%.

BrightView Stock Performance

BV stock traded up $0.13 during mid-day trading on Tuesday, reaching $11.75. 1,134,058 shares of the stock traded hands, compared to its average volume of 565,756. The business has a 50-day moving average of $12.31 and a two-hundred day moving average of $12.67. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10. The firm has a market capitalization of $1.11 billion, a PE ratio of -587.50 and a beta of 1.20. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog acquired 5,000 shares of BrightView stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $67,300. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP acquired a new position in shares of BrightView in the 3rd quarter worth approximately $139,000. Landscape Capital Management L.L.C. bought a new position in shares of BrightView during the 3rd quarter worth approximately $163,000. Finally, Entropy Technologies LP acquired a new stake in BrightView in the 3rd quarter valued at $185,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BV has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Morgan Stanley raised their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $11.10 price target on shares of BrightView in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.68.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.