BrightView (NYSE:BV – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32, Briefing.com reports. The company had revenue of $738.80 million for the quarter, compared to analyst estimates of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. BrightView updated its FY 2024 guidance to EPS.
BrightView Stock Performance
BrightView stock traded down $1.13 during trading hours on Friday, hitting $14.30. The stock had a trading volume of 829,412 shares, compared to its average volume of 595,210. BrightView has a fifty-two week low of $6.58 and a fifty-two week high of $15.68. The company has a market cap of $1.35 billion, a PE ratio of 71.50 and a beta of 1.29. The company has a 50-day moving average of $13.57 and a two-hundred day moving average of $11.61. The company has a quick ratio of 1.67, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.
Insider Transactions at BrightView
In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on BrightView
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.
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