BrightView (NYSE:BV) Stock Price Breaks Below 50 Day Moving Average on Disappointing Earnings

BrightView Holdings, Inc. (NYSE:BV)’s share price crossed below its 50 day moving average during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock has a 50 day moving average of $10.84 and traded as low as $9.52. BrightView shares last traded at $9.8750, with a volume of 3,421,573 shares trading hands.

The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The company had revenue of $677.30 million during the quarter, compared to analyst estimates of $723.76 million. BrightView had a return on equity of 3.85% and a net margin of 0.03%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.

Key Headlines Impacting BrightView

Here are a few of the latest headlines about BV:

• Negative Sentiment: BrightView reported Q4 revenue of $677.3 million, down 3.6% year over year and below estimates. Adjusted EPS of $0.18 also missed consensus, while the company reported a small net loss attributable to common shareholders. Q4 earnings report
• Negative Sentiment: FY2027 revenue guidance of $2.5 billion–$2.7 billion is below the roughly $2.8 billion analyst consensus, signaling a weaker near-term outlook. Earnings and outlook coverage
• Negative Sentiment: Development Services revenue fell about 17.8% in Q4, more than offsetting growth in Maintenance and raising concerns about the company’s exposure to development and HOA-related demand. Development and HOA analysis

Analyst Ratings Changes

A number of equities research analysts have recently commented on BV shares. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird cut their price objective on BrightView from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. Morgan Stanley lowered their price objective on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, BrightView has a consensus rating of “Hold” and an average target price of $13.60.

Institutional Investors Weigh In On BrightView

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of BrightView in the second quarter valued at about $80,091,000. Punch & Associates Investment Management Inc. bought a new stake in shares of BrightView in the 2nd quarter worth approximately $16,778,000. Private Management Group Inc. increased its position in shares of BrightView by 120.9% during 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 period. Gagnon Securities LLC acquired a new position in shares of BrightView in the third quarter valued at $7,484,000. Finally, Pillsbury Lake Capital LLC bought a new position in BrightView in the second quarter worth $7,126,901. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Performance

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 firm has a 50-day moving average of $10.84 and a 200 day moving average of $12.26. The stock has a market capitalization of $920.35 million, a P/E ratio of -25.99, a PEG ratio of 1.47 and a beta of 1.16.

About BrightView

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.