BrightView (NYSE:BV) Hits New 52-Week Low After Earnings Miss

Key Points

• BrightView shares hit a 52-week low, trading as low as $9.61 after closing the prior session at $11.43, following disappointing results.
• Quarterly EPS was $0.18 versus the $0.26 analyst estimate, while revenue of $677.3 million missed the $723.8 million consensus and fell 3.6% year over year.
• BrightView’s FY2027 revenue outlook of $2.5 billion–$2.7 billion was below analysts’ $2.8 billion consensus, and Baird cut its price target to $12 while maintaining an “outperform” rating.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday following a weaker than expected 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 (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $723.76 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The firm's quarterly revenue was down 3.6% compared to the same quarter last year.

Top BrightView Stories

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

• Neutral Sentiment: Robert W. Baird lowered its price target to $12 from $14 but maintained an “outperform” rating, leaving a mixed signal for investors. Baird analyst ratings
• 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 Upgrades and Downgrades

Several analysts have issued reports on BV shares. Wall Street Zen lowered BrightView from a "hold" rating to a "sell" rating in a research note on Saturday. Robert W. Baird reduced their target price on BrightView from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday. Weiss Ratings reissued a "sell (d+)" rating on shares of BrightView in a report on Thursday, October 29th. Zacks Research upgraded BrightView from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Morgan Stanley cut their price target on BrightView from $12.50 to $11.50 and set an "equal weight" rating for the company in a report on Tuesday, October 13th. One equities research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.60.

Institutional Trading of BrightView

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of BrightView in the 2nd quarter valued at $80,091,000. Punch & Associates Investment Management Inc. acquired a new position in BrightView in the 2nd quarter worth about $16,778,000. Private Management Group Inc. raised its position in BrightView by 120.9% in the third quarter. Private Management Group Inc. now owns 1,394,689 shares of the company's stock valued at $13,947,000 after purchasing an additional 763,382 shares during the last quarter. Gagnon Securities LLC bought a new position in BrightView in the third quarter valued at about $7,484,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of BrightView during the second quarter valued at about $7,126,901. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Stock Down 13.7%

The stock has a market capitalization of $919.51 million, a price-to-earnings ratio of -39.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock 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.

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