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

BrightView (NYSE:BV) announced its quarterly earnings data 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 business had revenue of $728.70 million during 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%. BrightView’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. BrightView updated its FY 2025 guidance to EPS.

BrightView Price Performance

BV traded down $0.15 on Friday, hitting $15.66. 905,053 shares of the company’s stock traded hands, compared to its average volume of 623,161. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView has a one year low of $6.94 and a one year high of $18.89. The company’s 50 day simple moving average is $16.23 and its 200-day simple moving average is $14.67. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 142.36 and a beta of 1.28.

Analyst Ratings Changes

Several brokerages have commented on BV. JPMorgan Chase & Co. raised their target price on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Robert W. Baird boosted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Morgan Stanley assumed coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock. Two equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, BrightView has an average 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.