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

BrightView (NYSE:BV) announced its quarterly earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04, Briefing.com reports. The company had revenue of $672.90 million during the quarter, compared to analyst estimates 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 business earned ($0.12) EPS. BrightView updated its FY 2024 guidance to EPS.

BrightView Stock Up 1.0 %

Shares of BV stock traded up $0.12 during trading on Friday, reaching $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 one year low of $5.17 and a one year high of $12.91. The business has a fifty day moving average price of $10.86 and a 200-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. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

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