BrightView (NYSE:BV) Hits New 1-Year Low on Disappointing Earnings

BrightView Holdings, Inc. (NYSE:BV) hit a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $9.61 and last traded at $9.7650, with a volume of 201,688 shares traded. The stock had previously closed at $11.43.

The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). BrightView had a return on equity of 5.03% and a net margin of 0.74%. The firm had revenue of $677.30 million for the quarter, compared to analyst estimates of $723.76 million. During the same quarter last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year.

Key BrightView News

Here’s some of the latest news about BV:

• Positive Sentiment: Insider trading data cited in the earnings coverage showed company executive William L. Cornog purchasing 50,000 shares over the past six months, a potential sign of confidence. Quiver Quantitative earnings coverage
• Negative Sentiment: BrightView reported quarterly revenue of $677.3 million, down 3.6% year over year and below analyst estimates. Earnings of $0.18 per share also missed consensus estimates and declined from $0.27 a year earlier. Zacks earnings report
• Negative Sentiment: The company’s FY 2027 revenue guidance of $2.5 billion–$2.7 billion came in below the $2.8 billion analyst consensus, raising concerns about the growth outlook. Seeking Alpha earnings and outlook coverage

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley decreased their price objective on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Robert W. Baird decreased their price objective on shares of BrightView from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.60.

Institutional Trading of BrightView

A number of large investors have recently modified their holdings of the business. Ieq Capital LLC purchased a new stake in BrightView during the third quarter valued at about $419,000. First Eagle Investment Management LLC purchased a new position in shares of BrightView in the 3rd quarter worth about $2,451,000. Edgestream Partners L.P. purchased a new position in shares of BrightView in the 3rd quarter worth about $128,000. Royce & Associates LP increased its position in shares of BrightView by 25.2% during the 3rd quarter. Royce & Associates LP now owns 1,892,503 shares of the company’s stock valued at $18,925,000 after purchasing an additional 381,505 shares during the last quarter. Finally, Gagnon Advisors LLC bought a new position in shares of BrightView during the 3rd quarter valued at about $3,865,000. Institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $919.51 million, a P/E ratio of -39.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The firm has a 50-day moving average price of $10.87 and a 200 day moving average price of $12.28.

BrightView Company Profile

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.