Key Points
- COO Stuart Stavley sold 10,218 Bristow Group shares at an average price of $46.20, totaling approximately $472,072. His remaining 64,740 shares are valued at about $2.99 million, a 13.63% reduction in ownership.
- Bristow reported quarterly EPS of $0.70, below the $0.89 consensus estimate, while revenue of $411.75 million exceeded expectations. The company pays a quarterly dividend of $0.125 per share, representing a 1.1% yield.
- Analysts have a “Moderate Buy” consensus rating and an average price target of $60, compared with the stock’s recent price near $45.46. Institutional investors and hedge funds own 93.29% of the shares.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 1,890 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total value of $87,998.40. Following the sale, the director owned 18,873 shares in the company, valued at approximately $878,726.88. The trade was a 9.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bristow Group Price Performance
VTOL stock opened at $45.46 on Friday. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The firm has a 50-day moving average of $44.13 and a two-hundred day moving average of $44.83. The firm has a market capitalization of $1.35 billion, a PE ratio of 13.10 and a beta of 1.22. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66.
Bristow Group (NYSE:VTOL - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million during the quarter, compared to analysts' expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. On average, analysts forecast that Bristow Group Inc. will post 3.31 earnings per share for the current year.
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 paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Bristow Group's dividend payout ratio (DPR) is currently 14.41%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research raised Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Bristow Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $60.00.
Read Our Latest Analysis on Bristow Group
Institutional Trading of Bristow Group
Several large investors have recently added to or reduced their stakes in VTOL. Nykredit A S acquired a new position in shares of Bristow Group during the 2nd quarter worth $27,000. Van Den Berg Management I Inc. lifted its stake in shares of Bristow Group by 16.6% in the 2nd quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company's stock valued at $4,479,000 after purchasing an additional 15,471 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Bristow Group in the 2nd quarter valued at $6,290,000. Public Employees Retirement System of Ohio bought a new stake in Bristow Group in the second quarter worth $27,000. Finally, Corient Private Wealth LP bought a new stake in Bristow Group in the second quarter worth $1,431,000. 93.29% of the stock is owned by institutional investors.
Bristow Group Company Profile
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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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