Bridger Aerospace Group (NASDAQ:BAER) Issues Quarterly Earnings Results

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

Bridger Aerospace Group Trading Up 4.8 %

BAER opened at $3.50 on Tuesday. Bridger Aerospace Group has a 12 month low of $1.71 and a 12 month high of $7.82. The business’s 50-day moving average price is $2.67 and its 200-day moving average price is $3.30. The company has a market cap of $186.08 million, a P/E ratio of -2.29 and a beta of -0.29.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a $5.25 price target on shares of Bridger Aerospace Group in a research report on Tuesday, August 13th.

Insider Buying and Selling

In other news, EVP James J. Muchmore sold 18,902 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now owns 820,417 shares in the company, valued at approximately $2,215,125.90. 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 accessible through this hyperlink. In other news, EVP James J. Muchmore sold 18,902 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the transaction, the executive vice president now directly owns 820,417 shares of the company’s stock, valued at approximately $2,215,125.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.59, for a total value of $48,513.29. Following the transaction, the chief financial officer now owns 481,269 shares in the company, valued at approximately $1,246,486.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,614 shares of company stock worth $252,811 in the last ninety days. 76.22% of the stock is owned by 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.