Bristow Group Inc. (NYSE:VTOL) to Issue $0.12 Quarterly Dividend

Bristow Group Inc. (NYSE:VTOL) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be given a dividend of 0.125 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th.

Bristow Group Trading Down 0.3%

NYSE VTOL opened at $44.78 on Friday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.66 and a beta of 1.23. The business has a 50 day simple moving average of $42.99 and a 200 day simple moving average of $44.41. 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 one year low of $32.76 and a one year high of $50.38.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.The business had revenue of $388.71 million for the quarter, compared to the consensus estimate of $383.68 million. Research analysts expect that Bristow Group will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

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