Bridger Aerospace Group (NASDAQ:BAER) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Bridger Aerospace Group (NASDAQ:BAER) released its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.15), Zacks reports. The company had revenue of $64.51 million during the quarter. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Trading Down 8.7 %

BAER traded down $0.32 during midday trading on Wednesday, hitting $3.35. 119,436 shares of the company were exchanged, compared to its average volume of 75,188. The company’s 50 day simple moving average is $2.70 and its 200 day simple moving average is $3.29. The firm has a market capitalization of $178.12 million, a price-to-earnings ratio of -2.45 and a beta of -0.29. Bridger Aerospace Group has a 1-year low of $1.71 and a 1-year high of $7.82.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on Bridger Aerospace Group from $5.25 to $5.75 and gave the stock a “buy” rating in a research report on Wednesday.

Insider Buying and Selling

In other Bridger Aerospace Group news, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.59, for a total transaction of $48,513.29. Following the transaction, the chief financial officer now owns 481,269 shares of the company’s stock, valued at approximately $1,246,486.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Bridger Aerospace Group news, CFO Eric L. Gerratt sold 18,731 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.59, for a total value of $48,513.29. Following the completion of the transaction, the chief financial officer now owns 481,269 shares of the company’s stock, valued at $1,246,486.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Samuel Carl Davis sold 19,323 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.56, for a total value of $49,466.88. Following the transaction, the chief executive officer now directly owns 474,352 shares of the company’s stock, valued at $1,214,341.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,614 shares of company stock valued at $252,811. 76.22% of the stock is owned by corporate insiders.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.