BrightView (NYSE:BV) Releases Earnings Results, Beats Estimates By $0.02 EPS

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

BrightView Price Performance

Shares of NYSE:BV traded down $0.15 on Friday, hitting $15.66. The company had a trading volume of 905,053 shares, compared to its average volume of 623,161. BrightView has a 52-week low of $6.94 and a 52-week high of $18.89. The business has a 50 day moving average of $16.23 and a 200 day moving average of $14.67. The company has a market cap of $1.48 billion, a PE ratio of 142.32 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64.

Analyst Ratings Changes

BV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Morgan Stanley initiated coverage on BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Loop Capital lifted their price target on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.41.

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.