Key Points
- Director Maryanne Miller sold 430 Bristow Group shares at an average price of $46.05, generating $19,801.50. Her remaining ownership fell 1.8% to 23,440 shares.
- Bristow reported quarterly EPS of $0.70, below the $0.89 consensus estimate, while revenue of $411.75 million exceeded expectations. The company expects full-year EPS of $3.31.
- The company declared a quarterly dividend of $0.125 per share, equivalent to an annualized $0.50 payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with a $60 price target, versus a recent stock price near $46.88.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Maryanne Miller sold 430 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $46.05, for a total value of $19,801.50. Following the transaction, the director owned 23,440 shares of the company's stock, valued at $1,079,412. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bristow Group Price Performance
Bristow Group stock opened at $46.88 on Thursday. The stock's 50 day moving average is $44.05 and its 200 day moving average is $44.81. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The firm has a market cap of $1.39 billion, a P/E ratio of 13.51 and a beta of 1.22. 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 (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, research analysts expect that Bristow Group Inc. will post 3.31 EPS for the current year.
Bristow Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Bristow Group's dividend payout ratio (DPR) is currently 14.41%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VTOL. PNC Financial Services Group Inc. increased its holdings in shares of Bristow Group by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company's stock valued at $211,000 after acquiring an additional 340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Bristow Group by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company's stock valued at $801,000 after buying an additional 368 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Bristow Group by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company's stock valued at $2,900,000 after buying an additional 402 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bristow Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company's stock valued at $461,000 after buying an additional 609 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Bristow Group during the second quarter worth about $27,000. 93.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have weighed in on VTOL. Wall Street Zen downgraded Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Bristow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.
Read Our Latest Research Report on Bristow Group
About Bristow Group
(
Get Free Report)
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.
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