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

BrightView (NYSE:BV) released its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, Briefing.com reports. The firm had revenue of $672.90 million during 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 firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share. BrightView updated its FY 2024 guidance to EPS.

BrightView Trading Up 1.0 %

Shares of BrightView stock traded up $0.12 on Friday, reaching $12.66. 1,445,050 shares of the company were exchanged, compared to its average volume of 927,863. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.71. BrightView has a fifty-two week low of $5.17 and a fifty-two week high of $12.91. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 63.30 and a beta of 1.22. The stock has a fifty day moving average price of $10.86 and a 200-day moving average price of $8.98.

Wall Street Analyst Weigh In

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

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.