BrightView Holdings, Inc. (NYSE:BV – Get Rating) – Equities researchers at Jefferies Financial Group issued their Q1 2023 earnings per share estimates for BrightView in a report released on Monday, November 21st. Jefferies Financial Group analyst P. Ng anticipates that the company will earn ($0.14) per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $8.00 price objective on the stock. The consensus estimate for BrightView’s current full-year earnings is $0.80 per share. Jefferies Financial Group also issued estimates for BrightView’s Q2 2023 earnings at ($0.04) EPS, Q3 2023 earnings at $0.31 EPS, Q4 2023 earnings at $0.31 EPS, FY2023 earnings at $0.44 EPS and FY2024 earnings at $0.57 EPS.
Separately, JPMorgan Chase & Co. cut their price target on BrightView from $10.00 to $7.00 in a report on Tuesday.
BrightView Stock Down 2.0 %
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SNC lifted its holdings in shares of BrightView by 116.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 29,136 shares of the company’s stock worth $231,000 after buying an additional 15,659 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of BrightView by 229.5% in the third quarter. Public Employees Retirement System of Ohio now owns 25,416 shares of the company’s stock valued at $202,000 after purchasing an additional 17,703 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of BrightView by 156.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 101,144 shares of the company’s stock valued at $803,000 after purchasing an additional 61,650 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of BrightView in the third quarter valued at $381,000. Finally, Bank of New York Mellon Corp raised its stake in shares of BrightView by 6.1% in the third quarter. Bank of New York Mellon Corp now owns 239,396 shares of the company’s stock valued at $1,900,000 after purchasing an additional 13,797 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors and hedge funds.
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.
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