Bristow Group (NYSE:VTOL) Issues Earnings Results, Beats Expectations By $0.34 EPS

Bristow Group (NYSE:VTOL) released its quarterly earnings results on Tuesday. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.61 by $0.34, RTT News reports. The company had revenue of $365.12 million for the quarter. Bristow Group had a net margin of 2.27% and a return on equity of 3.79%. During the same quarter in the prior year, the business posted $0.41 EPS.

Bristow Group Price Performance

Shares of Bristow Group stock traded up $1.82 on Wednesday, reaching $36.40. The company’s stock had a trading volume of 99,685 shares, compared to its average volume of 118,972. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.04 billion, a P/E ratio of 34.44 and a beta of 1.31. The stock has a 50-day moving average price of $35.28 and a 200-day moving average price of $34.47. Bristow Group has a 52-week low of $24.33 and a 52-week high of $41.50.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Brian D. Truelove sold 3,000 shares of Bristow Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now owns 33,504 shares in the company, valued at $1,242,663.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the 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 transaction, the director now owns 33,504 shares of the company’s stock, valued at $1,242,663.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of Bristow Group 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 disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

About Bristow Group

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.