Bridger Aerospace Group (NASDAQ:BAER) Releases Earnings Results, Beats Estimates By $0.05 EPS

Bridger Aerospace Group (NASDAQ:BAER) issued its quarterly earnings data on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05, Zacks reports. Bridger Aerospace Group had a negative return on equity of 1.89% and a net margin of 4.96%.The firm had revenue of $67.89 million during the quarter, compared to the consensus estimate of $48.40 million. Bridger Aerospace Group updated its FY 2025 guidance to EPS.

Bridger Aerospace Group Price Performance

BAER stock traded up $0.01 during midday trading on Friday, hitting $1.62. The stock had a trading volume of 813,354 shares, compared to its average volume of 1,438,911. The company’s 50-day moving average price is $1.78 and its 200 day moving average price is $1.75. The firm has a market cap of $89.96 million, a PE ratio of -3.12 and a beta of 0.15. Bridger Aerospace Group has a 12-month low of $1.02 and a 12-month high of $4.44.

Institutional Investors Weigh In On Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Bridger Aerospace Group by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 809,615 shares of the company’s stock valued at $1,498,000 after buying an additional 59,482 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Bridger Aerospace Group by 555.6% in the second quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company’s stock worth $148,000 after acquiring an additional 65,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Bridger Aerospace Group in the second quarter worth approximately $73,000. XTX Topco Ltd purchased a new stake in Bridger Aerospace Group in the second quarter valued at approximately $26,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Bridger Aerospace Group during the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridger Aerospace Group in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.25.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.