Bristow Group (NYSE:VTOL) Posts Earnings Results

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

Bristow Group Stock Performance

Bristow Group stock traded up $0.33 during midday trading on Thursday, hitting $38.17. The stock had a trading volume of 58,451 shares, compared to its average volume of 120,204. Bristow Group has a 52-week low of $24.33 and a 52-week high of $41.50. The company has a market capitalization of $1.09 billion, a PE ratio of 35.69 and a beta of 1.31. The firm’s fifty day moving average is $35.20 and its two-hundred day moving average is $34.53. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

Separately, Benchmark boosted their price objective on shares of 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 Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the completion of the sale, the director now owns 33,504 shares in the company, valued at approximately $1,242,663.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Bristow Group news, Director Brian D. Truelove sold 3,000 shares of the business’s stock in a transaction on 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $39.50, for a total value of $2,962,500.00. Following the sale, the insider now owns 3,349,005 shares in the company, valued at $132,285,697.50. The trade was a 0.00 % decrease in their position. 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.