BrightView (NYSE:BV) Posts Earnings Results, Beats Estimates By $0.04 EPS

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

BrightView Stock Performance

BrightView stock traded up $0.12 during midday trading on Friday, hitting $12.66. The company’s stock had a trading volume of 1,445,050 shares, compared to its average volume of 927,863. BrightView has a 1-year low of $5.17 and a 1-year high of $12.91. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.64. The company has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $8.98. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 63.30 and a beta of 1.22.

Wall Street Analyst Weigh In

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

About BrightView

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.