Bristow Group Inc. (VTOL) to Issue Quarterly Dividend of $0.13 on March 26th

Bristow Group Inc. (NYSE:VTOL) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 13th will be given a dividend of 0.125 per share on Thursday, March 26th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 13th.

Bristow Group Price Performance

NYSE VTOL opened at $47.99 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 11.11 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. The business’s fifty day moving average is $41.85 and its two-hundred day moving average is $39.18. Bristow Group has a 1 year low of $25.11 and a 1 year high of $49.55.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The business had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 13.12%.

Hedge Funds Weigh In On Bristow Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Bristow Group during the 2nd quarter worth approximately $25,000. Clearstead Advisors LLC lifted its position in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after purchasing an additional 1,001 shares during the period. Parkside Financial Bank & Trust lifted its position in Bristow Group by 1,645.3% in 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. CWM LLC increased its holdings in Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after buying an additional 913 shares during the period. Finally, Strs Ohio bought a new stake in Bristow Group in the 1st quarter valued at $44,000. 93.29% of the stock is currently owned by institutional investors.

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.