Analysts expect BrightView Holdings, Inc. (NYSE: BV) to report earnings per share (EPS) of $ 0.11 for the current fiscal quarter, according to Zack. Three analysts made estimates for BrightView’s revenue. The lowest EPS estimate is $ 0.10 and the highest is $ 0.12. BrightView posted earnings of $ 0.12 per share for the same quarter last year, suggesting a negative growth rate of 8.3% year-over-year. The company is expected to release its next earnings report on Thursday, February 3.
On average, analysts expect BrightView to report annual earnings of $ 1.22 per share for the current fiscal year, with EPS estimates ranging from $ 1.17 to $ 1.25. For the next fiscal year, analysts expect the company to post earnings of $ 1.33 per share, with EPS estimates ranging from $ 1.27 to $ 1.41. Zacks earnings per share averages are an average based on a survey of selling analysts who cover BrightView.
BrightView (NYSE: BV) last reported its quarterly results on Wednesday, November 17. The company reported earnings per share of $ 0.38 for the quarter, missing Zacks’ consensus estimate of $ 0.41 ($ 0.03). The company posted revenue of $ 673.40 million in the quarter, compared to analysts’ estimates of $ 654.58 million. BrightView had a net margin of 1.81% and a return on equity of 8.50%. BrightView’s revenue for the quarter increased 10.7% from the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.33.
Several analysts have published reports on BV shares. Zacks investment research downgraded BrightView from a “keep” note to a “sell” note in a research note on Monday, October 4. JPMorgan Chase & Co. downgraded BrightView shares from “neutral” to “underweight” in a research note on Monday, October 25. Finally, the Goldman Sachs group downgraded BrightView shares from a “buy” rating to a “neutral” rating and lowered its price target for the company from $ 18.00 to $ 15.00 in a report. published on Monday, December 20. Two analysts rated the stock with a sell rating and two gave the company’s stock a conservation rating. Based on data from MarketBeat.com, BrightView currently has a consensus rating of âHoldâ and an average target price of $ 16.67.
BV traded at $ 0.64 in Friday’s session, reaching $ 14.17. The company had a trading volume of 513,459 shares, compared to an average volume of 256,609. BrightView has a 12-month low of $ 12.47 and a 12-month high of $ 19.17. The company has a leverage ratio of 0.84, a quick ratio of 1.43, and a current ratio of 1.43. The company’s 50-day simple moving average is $ 14.85 and its 200-day simple moving average is $ 15.24. The company has a market cap of $ 1.49 billion, a price-to-earnings ratio of 32.21 and a beta of 1.43.
In related news, insider Thomas C. Donnelly bought 6,000 shares of the company in a trade that took place on Monday, December 6. The stock was purchased at an average price of $ 14.37 per share, for a total transaction of $ 86,220.00. The transaction was disclosed in a file with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s shares.
Several hedge funds have recently changed their positions in BV. Vanguard Group Inc. increased its stake in BrightView by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,654,648 shares of the company valued at $ 58,914,000 after purchasing an additional 75,417 shares during the period. Bernzott Capital Advisors increased its position in BrightView shares by 0.8% in the second quarter. Bernzott Capital Advisors now owns 3,089,348 shares of the company valued at $ 49,800,000 after purchasing an additional 25,720 shares during the period. Macquarie Group Ltd. strengthened its position in BrightView shares by 1.0% in the third quarter. Macquarie Group Ltd. now owns 2,879,973 shares of the company valued at $ 42,508,000 after purchasing an additional 28,353 shares during the period. Alliancebernstein LP increased its stake in BrightView by 17.5% during the third quarter. Alliancebernstein LP now owns 2,492,719 shares of the company valued at $ 36,793,000 after acquiring 371,021 additional shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in BrightView by 2.9% in the third quarter. Cooke & Bieler LP now owns 2,314,450 shares of the company valued at $ 34,161,000 after purchasing an additional 64,756 shares during the period. Institutional investors hold 96.25% of the shares of the company.
BrightView Holdings, Inc is an investment company providing commercial landscaping services. It operates through the Maintenance Services and Development Services segments. The Maintenance Services segment offers a full range of recurring commercial landscaping services ranging from mowing, gardening, mulching and snow removal to more advanced horticultural services, such as water management, maintenance of irrigation, maintenance of trees, maintenance of golf courses and maintenance of specialized lawns.
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