Bristow Group (NYSE:VTOL) Issues Quarterly Earnings Results

Bristow Group (NYSE:VTOL) announced its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.57), FiscalAI reports. The company had revenue of $388.71 million during the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $41.24 on Thursday. Bristow Group has a one year low of $29.26 and a one year high of $50.38. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. The business’s 50 day moving average price is $45.62 and its 200 day moving average price is $42.67.

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.125 per share. The ex-dividend date was Friday, May 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is presently 13.02%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James Financial started coverage on Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research cut shares of Bristow Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the director directly owned 17,455 shares in the company, valued at $785,475. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTOL. Raymond James Financial Inc. purchased a new stake in shares of Bristow Group in the second quarter valued at about $25,000. Parkside Financial Bank & Trust raised its stake in Bristow Group by 1,645.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after purchasing an additional 1,053 shares during the period. Strs Ohio purchased a new position in Bristow Group during the first quarter worth about $44,000. Tower Research Capital LLC TRC boosted its holdings in Bristow Group by 296.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock valued at $83,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Bristow Group in the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

About Bristow Group

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.