BrightView (NYSE:BV) Share Price Breaks Below 50 Day Moving Average After Earnings Miss

BrightView Holdings, Inc. (NYSE:BV)’s stock price passed below its 50 day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a 50 day moving average of $10.84 and traded as low as $9.52. BrightView shares last traded at $9.8750, with a volume of 3,421,573 shares.

The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). BrightView had a return on equity of 3.85% and a net margin of 0.03%. The company had revenue of $677.30 million during the quarter, compared to analyst estimates of $723.76 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis.

Key Headlines Impacting BrightView

These are some of the BV headlines that stood out recently:

• Neutral Sentiment: Baird cut its price target from $14 to $12 but retained an “outperform” rating, leaving its target above the share price cited in the reports. BTIG also lowered its target to $12. Baird price-target report BTIG price-target report
• Negative Sentiment: FY2027 revenue guidance of $2.5 billion–$2.7 billion is below the roughly $2.8 billion analyst consensus, signaling a weaker near-term outlook. Earnings and outlook coverage
• Negative Sentiment: A notice announced a pending investor investigation. The notice is not a finding of wrongdoing, but it adds a potential legal overhang. Investigation notice

Analyst Ratings Changes

BV has been the topic of several research reports. Wall Street Zen downgraded shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. Morgan Stanley cut their price target on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Robert W. Baird reduced their price target on BrightView from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.60.

Institutional Investors Weigh In On BrightView

A number of hedge funds have recently modified their holdings of BV. Public Employees Retirement System of Ohio acquired a new stake in BrightView during the 2nd quarter worth approximately $41,000. Bfsg LLC increased its position in shares of BrightView by 234.3% in the third quarter. Bfsg LLC now owns 13,320 shares of the company’s stock valued at $133,000 after acquiring an additional 9,335 shares during the last quarter. Ethic Inc. bought a new stake in shares of BrightView during the 3rd quarter worth approximately $113,000. Janney Montgomery Scott LLC acquired a new stake in BrightView in the first quarter valued at $145,000. Finally, Mcmorgan & Co. LLC bought a new position in BrightView during the second quarter worth about $176,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

The firm has a market capitalization of $920.35 million, a price-to-earnings ratio of -25.99, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. The business has a fifty day moving average of $10.84 and a two-hundred day moving average of $12.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28.

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.