Bristow Group (NYSE:VTOL) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Bristow Group (NYSE:VTOL) released its quarterly earnings results on Tuesday. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19), FiscalAI reports. The firm had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.

Bristow Group Stock Performance

NYSE VTOL traded up $2.18 on Tuesday, hitting $47.85. 253,317 shares of the company’s stock were exchanged, compared to its average volume of 218,753. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.15 and a quick ratio of 1.79. Bristow Group has a fifty-two week low of $33.72 and a fifty-two week high of $50.38. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 12.46 and a beta of 1.22. The firm’s 50-day moving average price is $43.10 and its two-hundred day moving average price is $44.48.

Bristow Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.0%. Bristow Group’s payout ratio is presently 13.02%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Boston Partners acquired a new stake in shares of Bristow Group during the 4th quarter valued at approximately $13,486,000. Arrowstreet Capital Limited Partnership raised its holdings in Bristow Group by 176.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 210,768 shares of the company’s stock worth $7,605,000 after purchasing an additional 134,616 shares during the last quarter. First Trust Advisors LP purchased a new stake in Bristow Group during the fourth quarter worth $4,012,000. Algert Global LLC boosted its position in Bristow Group by 204.9% during the third quarter. Algert Global LLC now owns 158,498 shares of the company’s stock worth $5,719,000 after purchasing an additional 106,514 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Bristow Group by 87.5% in the second quarter. JPMorgan Chase & Co. now owns 219,865 shares of the company’s stock valued at $7,249,000 after purchasing an additional 102,611 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.