Bristow Group (NYSE:VTOL) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Bristow Group (NYSE:VTOLGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19), FiscalAI reports. The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.

Bristow Group Trading Down 4.8%

Shares of VTOL stock opened at $45.47 on Wednesday. The business has a 50-day moving average of $43.19 and a 200 day moving average of $44.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79. Bristow Group has a 1-year low of $35.03 and a 1-year high of $50.38. The stock has a market capitalization of $1.35 billion, a PE ratio of 11.84 and a beta of 1.22.

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio is currently 13.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Bristow Group during the 1st quarter valued at $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after purchasing an additional 609 shares during the last quarter. Jane Street Group LLC raised its position in Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after purchasing an additional 34,317 shares during the last quarter. Strs Ohio purchased a new stake in Bristow Group in the 1st quarter worth approximately $44,000. Finally, Creative Planning purchased a new stake in Bristow Group in the 2nd quarter worth approximately $236,000. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Get Our Latest Analysis on VTOL

Bristow Group Company Profile

(Get Free Report)

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.

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Earnings History for Bristow Group (NYSE:VTOL)

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