BrightView (BV) to Release Quarterly Earnings on Thursday

BrightView (NYSE:BV) is set to post its quarterly earnings results before the market opens on Thursday, November 16th. Analysts expect BrightView to post earnings of $0.26 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

BrightView Price Performance

Shares of NYSE:BV opened at $7.11 on Thursday. The firm’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.37. BrightView has a 52 week low of $5.16 and a 52 week high of $9.32. The firm has a market capitalization of $663.75 million, a P/E ratio of -78.94 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.09.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised their price objective on shares of BrightView from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, July 13th.

Hedge Funds Weigh In On BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BV. Bank of New York Mellon Corp lifted its position in BrightView by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 252,896 shares of the company’s stock worth $3,442,000 after buying an additional 16,752 shares in the last quarter. Natixis Advisors L.P. raised its holdings in BrightView by 19.4% in the 1st quarter. Natixis Advisors L.P. now owns 94,618 shares of the company’s stock worth $1,288,000 after acquiring an additional 15,364 shares during the period. MetLife Investment Management LLC raised its holdings in BrightView by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 22,371 shares of the company’s stock worth $304,000 after acquiring an additional 7,977 shares during the period. BlackRock Inc. raised its holdings in BrightView by 1.6% in the 1st quarter. BlackRock Inc. now owns 3,389,904 shares of the company’s stock worth $46,136,000 after acquiring an additional 52,475 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in BrightView by 23.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,919 shares of the company’s stock worth $19,829,000 after acquiring an additional 277,640 shares during the period. Institutional investors and hedge funds own 94.70% of the company’s stock.

About BrightView

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.