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

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

BrightView Price Performance

NYSE:BV traded up $0.12 during mid-day trading on Friday, hitting $12.66. 1,445,050 shares of the stock traded hands, compared to its average volume of 927,863. The business’s 50-day moving average price is $10.86 and its 200 day moving average price is $8.98. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.20 billion, a PE ratio of 63.30 and a beta of 1.22. BrightView has a 12-month low of $5.17 and a 12-month high of $12.91.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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. Robert W. Baird lifted their price objective on shares of BrightView from $8.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group restated a “sell” rating and set a $10.00 target price (up previously from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 price target on shares of BrightView in a report on Monday, March 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.