Bristow Group (NYSE:VTOL) Announces Earnings Results, Beats Estimates By $0.34 EPS

Bristow Group (NYSE:VTOL) posted its quarterly earnings data on Tuesday. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.34, RTT News reports. Bristow Group had a return on equity of 3.79% and a net margin of 2.27%. The business had revenue of $365.12 million during the quarter. During the same quarter last year, the firm earned $0.41 earnings per share.

Bristow Group Price Performance

Bristow Group stock traded up $0.33 during midday trading on Thursday, reaching $38.17. The company had a trading volume of 58,451 shares, compared to its average volume of 120,204. Bristow Group has a 12-month low of $24.33 and a 12-month high of $41.50. The firm’s fifty day simple moving average is $35.20 and its 200-day simple moving average is $34.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.53. The company has a market capitalization of $1.09 billion, a P/E ratio of 35.69 and a beta of 1.31.

Analyst Ratings Changes

Separately, Benchmark boosted their price target on shares of Bristow Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 8th.

Insider Buying and Selling at Bristow Group

In related news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $37.09, for a total transaction of $111,270.00. Following the completion of the sale, the director now directly owns 33,504 shares in the company, valued at approximately $1,242,663.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $39.50, for a total value of $2,962,500.00. Following the completion of the sale, the insider now directly owns 3,349,005 shares in the company, valued at $132,285,697.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian D. Truelove sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $37.09, for a total transaction of $111,270.00. Following the sale, the director now owns 33,504 shares of the company’s stock, valued at approximately $1,242,663.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.