Bridger Aerospace Group (NASDAQ:BAER) Issues Earnings Results, Beats Estimates By $0.05 EPS

Bridger Aerospace Group (NASDAQ:BAER) posted its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05, Zacks reports. The firm had revenue of $67.89 million during the quarter, compared to the consensus estimate of $48.40 million. Bridger Aerospace Group had a negative return on equity of 1.89% and a net margin of 4.96%. Bridger Aerospace Group updated its FY 2025 guidance to EPS.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock traded up $0.01 during trading on Friday, reaching $1.62. 813,354 shares of the company’s stock were exchanged, compared to its average volume of 1,438,911. Bridger Aerospace Group has a 52-week low of $1.02 and a 52-week high of $4.44. The firm has a market cap of $89.96 million, a price-to-earnings ratio of -3.12 and a beta of 0.15. The company’s 50-day moving average is $1.78 and its two-hundred day moving average is $1.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridger Aerospace Group in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Bridger Aerospace Group presently has an average rating of “Hold” and a consensus target price of $5.25.

Institutional Investors Weigh In On Bridger Aerospace Group

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Bridger Aerospace Group in the second quarter valued at about $26,000. Dynamic Technology Lab Private Ltd acquired a new position in Bridger Aerospace Group during the 1st quarter worth approximately $41,000. Jane Street Group LLC purchased a new position in Bridger Aerospace Group in the 2nd quarter worth approximately $73,000. Vanguard Group Inc. grew its position in Bridger Aerospace Group by 7.9% in the third quarter. Vanguard Group Inc. now owns 809,615 shares of the company’s stock valued at $1,498,000 after acquiring an additional 59,482 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Bridger Aerospace Group by 555.6% during the second quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company’s stock valued at $148,000 after purchasing an additional 65,000 shares during the period. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.