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

BrightView (NYSE:BV) announced its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $672.90 million during the quarter, compared to analysts’ expectations of $683.80 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. BrightView updated its FY 2024 guidance to EPS.

BrightView Stock Performance

Shares of NYSE:BV traded up $0.12 on Friday, hitting $12.66. 1,445,050 shares of the company were exchanged, compared to its average volume of 927,863. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.64 and a current ratio of 1.67. The company’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $8.98. BrightView has a one year low of $5.17 and a one year 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.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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 target price on the stock. Robert W. Baird raised their price target on BrightView from $8.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group reissued a “sell” rating and set a $10.00 price objective (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 target price on shares of BrightView in a report on Monday, March 4th.

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.