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

Bristow Group (NYSE:VTOL) released its earnings results on Tuesday. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.22), FiscalAI reports. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The company had revenue of $437.92 million for the quarter, compared to analyst estimates of $443.25 million.

Bristow Group Price Performance

Shares of Bristow Group stock traded down $0.47 during trading on Tuesday, hitting $40.75. 267,418 shares of the company’s stock traded hands, compared to its average volume of 231,095. The company has a market cap of $1.21 billion, a PE ratio of 11.74 and a beta of 1.23. The firm’s fifty day moving average price is $41.80 and its 200 day moving average price is $43.97. Bristow Group has a twelve month low of $35.03 and a twelve month high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Bristow Group’s payout ratio is 14.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VTOL shares. Weiss Ratings upgraded shares of Bristow Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In related news, COO Stuart Stavley sold 10,218 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the completion of the transaction, the chief operating officer owned 64,740 shares in the company, valued at $2,990,988. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alternative Asset Manage Solus sold 897 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $43.00, for a total value of $38,571.00. Following the completion of the sale, the insider directly owned 2,840,436 shares in the company, valued at approximately $122,138,748. This represents a 0.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 53,858 shares of company stock worth $2,431,989. Company 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.