BrightView (NYSE:BV) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

BrightView (NYSE:BV) released its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business had revenue of $677.30 million for the quarter, compared to the consensus estimate of $723.76 million.

BrightView Stock Performance

Shares of NYSE BV traded down $0.47 during trading hours on Tuesday, hitting $11.38. 2,754,102 shares of the stock were exchanged, compared to its average volume of 794,646. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day moving average is $10.86 and its 200 day moving average is $12.29. The firm has a market capitalization of $1.06 billion, a P/E ratio of -45.51, a P/E/G ratio of 1.54 and a beta of 1.16. BrightView has a one year low of $9.81 and a one year high of $15.00.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen downgraded 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. Robert W. Baird set a $14.00 price objective on BrightView in a report on Wednesday, August 5th. Finally, Morgan Stanley cut their price objective on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.