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

Bristow Group (NYSE:VTOL) released its quarterly earnings results on Tuesday. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.22), FiscalAI reports. Bristow Group had a net margin of 4.98% and a return on equity of 7.52%. The company had revenue of $437.92 million during the quarter, compared to analysts’ expectations of $443.25 million.

Bristow Group Price Performance

Bristow Group stock traded down $2.62 during midday trading on Thursday, hitting $36.34. 140,534 shares of the company’s stock were exchanged, compared to its average volume of 231,980. The company has a market cap of $1.08 billion, a P/E ratio of 13.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The stock has a 50-day moving average price of $41.56 and a two-hundred day moving average price of $43.96. Bristow Group has a 52-week low of $35.65 and a 52-week high of $50.38.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 13th. Bristow Group’s payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

VTOL has been the subject of a number of analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $63.00 price target on shares of Bristow Group in a report on Thursday. Weiss Ratings upgraded Bristow Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Insider Buying and Selling at Bristow Group

In other Bristow Group news, COO Stuart Stavley sold 10,218 shares of Bristow Group 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 completion of the sale, the chief operating officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alternative Asset Manage Solus sold 897 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $43.00, for a total transaction of $38,571.00. Following the sale, the insider owned 2,840,436 shares in the company, valued at approximately $122,138,748. This trade represents a 0.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,858 shares of company stock valued at $2,431,989 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Bristow Group Company Profile

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.