Era Group, Inc. (NYSE:ERA) released its quarterly earnings data on Thursday. The transportation company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13), Briefing.com reports. Era Group had a negative return on equity of 3.10% and a negative net margin of 6.21%. The firm had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.00 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis.
Era Group (ERA) traded down $0.25 during trading hours on Friday, reaching $11.05. The company had a trading volume of 70,018 shares, compared to its average volume of 75,040. Era Group has a 12-month low of $8.00 and a 12-month high of $17.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.37 and a current ratio of 3.19.
In related news, SVP Paul T. White sold 24,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $8.54, for a total value of $204,960.00. Following the transaction, the senior vice president now owns 59,822 shares in the company, valued at $510,879.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.88% of the company’s stock.
An institutional investor recently raised its position in Era Group stock. The Manufacturers Life Insurance Company increased its position in Era Group, Inc. (NYSE:ERA) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,307 shares of the transportation company’s stock after buying an additional 2,635 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of Era Group worth $183,000 at the end of the most recent reporting period. 86.37% of the stock is owned by institutional investors and hedge funds.
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Era Group Company Profile
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
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