BrightView (NYSE:BV) Issues Earnings Results

BrightView (NYSE:BV) issued its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. The company had revenue of $677.30 million during the quarter, compared to analyst estimates of $723.76 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%.

BrightView Trading Down 4.0%

NYSE:BV traded down $0.47 during mid-day trading on Tuesday, hitting $11.38. 2,750,866 shares of the company’s stock were exchanged, compared to its average volume of 794,548. BrightView has a fifty-two week low of $9.81 and a fifty-two week high of $15.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.06 billion, a P/E ratio of -45.51, a PEG ratio of 1.54 and a beta of 1.16. The company has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $12.29.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $14.00 price target on shares of BrightView in a report on Wednesday, August 5th. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Morgan Stanley reduced their price objective on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Wall Street Zen cut BrightView from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.93.

About BrightView

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.