BrightView (NYSE:BV) Announces Earnings Results

BrightView (NYSE:BV) posted its earnings results on Wednesday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02, Briefing.com reports. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.69%. BrightView’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. BrightView updated its FY 2025 guidance to EPS.

BrightView Stock Down 0.9 %

BV traded down $0.15 during trading hours on Friday, hitting $15.66. 905,053 shares of the company’s stock were exchanged, compared to its average volume of 623,161. The firm has a market cap of $1.48 billion, a P/E ratio of 142.36 and a beta of 1.28. BrightView has a 12-month low of $6.94 and a 12-month high of $18.89. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $16.23 and a 200 day moving average of $14.67.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BV. Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday. Morgan Stanley started coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.41.

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.