BrightView (NYSE:BV) Shares Gap Down on Disappointing Earnings

BrightView Holdings, Inc. (NYSE:BV) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $11.85, but opened at $11.06. BrightView shares last traded at $11.46, with a volume of 263,135 shares trading hands.

The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $702.80 million during the quarter, compared to analysts’ expectations of $718.03 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. BrightView has set its FY 2026 guidance at EPS.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.25.

Insider Buying and Selling at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the transaction, the executive vice president owned 38,446 shares of the company’s stock, valued at $568,231.88. The trade was a 64.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BV. IFP Advisors Inc lifted its holdings in BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock valued at $40,000 after acquiring an additional 838 shares during the period. CWM LLC grew its stake in shares of BrightView by 58.7% during the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after purchasing an additional 1,264 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of BrightView during the 3rd quarter valued at approximately $85,000. BNP Paribas Financial Markets increased its holdings in shares of BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Price Performance

The stock’s fifty day moving average is $12.93 and its 200-day moving average is $14.62. The stock has a market capitalization of $1.10 billion, a PE ratio of 380.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31.

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.