Bristow Group (NYSE:VTOL) Issues Quarterly Earnings Results

Bristow Group (NYSE:VTOL) posted its quarterly earnings results on Tuesday. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19), FiscalAI reports. The business had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.91%.

Bristow Group Stock Up 3.4%

VTOL stock traded up $1.51 during midday trading on Thursday, hitting $45.75. The company’s stock had a trading volume of 86,177 shares, compared to its average volume of 219,785. The firm’s 50-day moving average is $43.24 and its 200-day moving average is $44.56. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69. Bristow Group has a 12 month low of $35.03 and a 12 month high of $50.38. The company has a market cap of $1.35 billion, a PE ratio of 13.20 and a beta of 1.22.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Bristow Group’s payout ratio is presently 14.41%.

Analyst Ratings Changes

Several analysts have weighed in on VTOL shares. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Three 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Investors Weigh In On Bristow Group

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in Bristow Group during the 4th quarter valued at $260,000. Mariner LLC purchased a new position in shares of Bristow Group in the 4th quarter worth $256,000. Amundi bought a new stake in shares of Bristow Group in the third quarter worth $226,000. iSAM Funds UK Ltd bought a new stake in shares of Bristow Group in the third quarter worth $179,000. Finally, Quadrant Capital Group LLC purchased a new stake in Bristow Group during the third quarter valued at $175,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.