BrightView (NYSE:BV) Issues Quarterly Earnings Results

BrightView (NYSE:BV) posted its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04, Briefing.com reports. The firm had revenue of $672.90 million for the quarter, compared to the consensus estimate of $683.80 million. BrightView had a net margin of 1.80% and a return on equity of 5.78%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) earnings per share. BrightView updated its FY 2024 guidance to EPS.

BrightView Price Performance

Shares of NYSE:BV traded up $0.12 during midday trading on Friday, reaching $12.66. 1,445,050 shares of the company’s stock traded hands, compared to its average volume of 927,863. The company has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $8.98. BrightView has a 1 year low of $5.17 and a 1 year high of $12.91. The company has a market cap of $1.20 billion, a P/E ratio of 63.30 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.64 and a current ratio of 1.67.

Analyst Ratings Changes

A number of brokerages recently issued reports on BV. Jefferies Financial Group restated a “hold” rating and issued a $9.00 target price on shares of BrightView in a research note on Monday, March 4th. The Goldman Sachs Group reissued a “sell” rating and set a $10.00 price target (up from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Craig Hallum initiated coverage on shares of BrightView in a report on Monday, March 4th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Robert W. Baird lifted their price objective on BrightView from $8.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.