Bristow Group (NYSE:VTOL) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Bristow Group (NYSE:VTOL) posted its earnings results on Wednesday. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.15, FiscalAI reports. The company had revenue of $377.26 million for the quarter, compared to the consensus estimate of $380.33 million. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.

Bristow Group Trading Down 0.6%

Shares of VTOL opened at $46.55 on Thursday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.74 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53. Bristow Group has a 1-year low of $25.11 and a 1-year high of $47.40. The company has a 50-day moving average of $41.61 and a 200 day moving average of $39.12.

Institutional Trading of Bristow Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in Bristow Group in the fourth quarter worth approximately $260,000. Mariner LLC purchased a new position in shares of Bristow Group in the 4th quarter valued at $256,000. Amundi bought a new position in shares of Bristow Group in the 3rd quarter worth $226,000. iSAM Funds UK Ltd purchased a new stake in shares of Bristow Group during the 3rd quarter worth $179,000. Finally, Quadrant Capital Group LLC bought a new stake in Bristow Group during the third quarter valued at about $175,000. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VTOL shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Raymond James Financial started coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective for the company. JonesTrading initiated coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating on the stock. Finally, Zacks Research upgraded Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.