BrightView (NYSE:BV) Announces Quarterly Earnings Results

BrightView (NYSE:BV) issued its quarterly earnings data on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $723.76 million.

BrightView Price Performance

BrightView stock traded down $0.47 during midday trading on Tuesday, reaching $11.38. The company’s stock had a trading volume of 2,750,866 shares, compared to its average volume of 794,548. 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 stock has a market cap of $1.06 billion, a PE ratio of -45.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. BrightView has a 52 week low of $9.81 and a 52 week high of $15.00. The business has a 50-day moving average price of $10.86 and a 200-day moving average price of $12.29.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. Robert W. Baird set a $14.00 target price on BrightView in a research report on Wednesday, August 5th. Wall Street Zen lowered BrightView from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley decreased their price target on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.93.

BrightView Company Profile

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.