Bristow Group (NYSE:VTOL) Releases Earnings Results, Misses Expectations By $0.22 EPS

Bristow Group (NYSE:VTOL – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.22), FiscalAI reports. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. The business had revenue of $437.92 million during the quarter, compared to the consensus estimate of $443.25 million.

Bristow Group Price Performance

Shares of Bristow Group stock traded down $0.47 during trading on Tuesday, hitting $40.75. 267,418 shares of the stock traded hands, compared to its average volume of 231,095. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.74 and a beta of 1.23. The firm’s fifty day moving average is $41.80 and its 200-day moving average is $43.97. Bristow Group has a 52 week low of $35.03 and a 52 week high of $50.38.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group’s dividend payout ratio is presently 14.41%.

Insider Activity at Bristow Group

In other Bristow Group news, insider Alternative Asset Manage Solus sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total value of $687,750.00. Following the completion of the sale, the insider owned 2,861,796 shares of the company’s stock, valued at $131,213,346.60. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following the transaction, the chief operating officer owned 64,740 shares in the company, valued at $2,990,988. The trade was a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,858 shares of company stock valued at $2,431,989. Corporate insiders own 12.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VTOL. Weiss Ratings upgraded Bristow Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.00.

View Our Latest Stock Analysis on Bristow Group

Bristow Group Company Profile

(Get Free Report)

Bristow Group Inc (NYSE: VTOL) is a provider of aviation services, specializing in helicopter transportation and support for the offshore energy industry, government agencies and other commercial customers. The company operates helicopters and fixed-wing aircraft to transport personnel and equipment, support offshore installations and provide specialized aviation services.

Bristow’s government services include search-and-rescue operations, emergency response and aviation support conducted under long-term contracts.

See Also

Earnings History for Bristow Group (NYSE:VTOL)

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