Key Points
- Director Lorin Brass sold 1,000 Bristow Group shares at an average price of $41.54, generating $41,540 and reducing his stake by 5.49% to 17,223 shares.
- Bristow Group reported quarterly EPS of $0.70, below the $0.89 analyst consensus, while revenue of $411.75 million exceeded estimates. The company also pays a $0.125 quarterly dividend, equating to a 1.2% yield.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $60, while institutional investors own 93.29% of the company.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $41.54, for a total value of $41,540.00. Following the completion of the transaction, the director owned 17,223 shares of the company's stock, valued at approximately $715,443.42. This represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Bristow Group Trading Up 2.1%
VTOL opened at $42.83 on Wednesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.34 and a beta of 1.19. The firm's 50 day moving average is $44.68 and its 200-day moving average is $44.52. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.
Bristow Group (NYSE:VTOL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Analysts expect that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.
Bristow Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group's payout ratio is currently 14.41%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on VTOL shares. Zacks Research raised Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings reissued 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 issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.
View Our Latest Stock Report on VTOL
Institutional Investors Weigh In On Bristow Group
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Bristow Group in the second quarter worth about $162,017,000. Dimensional Fund Advisors LP raised its stake in Bristow Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company's stock valued at $82,212,000 after buying an additional 45,874 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Bristow Group during the 4th quarter worth approximately $25,613,000. Algert Global LLC lifted its holdings in Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company's stock worth $16,944,000 after buying an additional 59,858 shares during the last quarter. Finally, Fearnley Asset Management AS acquired a new position in shares of Bristow Group in the 4th quarter worth approximately $16,942,000. Institutional investors and hedge funds own 93.29% of the company's stock.
Bristow Group Company Profile
(
Get Free Report)
Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.
Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.
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