Research Analysts Offer Predictions for BrightView Holdings, Inc.’s Q1 2023 Earnings (NYSE:BV)

BrightView Holdings, Inc. (NYSE:BVGet 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 %

Shares of BV stock opened at $7.18 on Wednesday. BrightView has a 12 month low of $6.91 and a 12 month high of $15.33. The firm has a market cap of $667.74 million, a PE ratio of 42.24 and a beta of 1.39. The stock has a 50 day moving average of $8.32 and a 200-day moving average of $10.48. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.09.

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

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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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Earnings History and Estimates for BrightView (NYSE:BV)

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