Bristow Group (NYSE:VTOL) Releases Quarterly Earnings Results

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

Bristow Group Stock Down 0.4 %

Shares of NYSE VTOL traded down $0.14 during mid-day trading on Friday, hitting $37.91. The company had a trading volume of 10,323 shares, compared to its average volume of 120,480. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm has a 50-day simple moving average of $35.19 and a two-hundred day simple moving average of $34.56. The company has a market capitalization of $1.08 billion, a PE ratio of 36.17 and a beta of 1.31. Bristow Group has a one year low of $24.33 and a one year high of $41.50.

Insider Activity at Bristow Group

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 transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.