Bridger Aerospace Group (NASDAQ:BAER) Releases Earnings Results, Misses Estimates By $0.15 EPS

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

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $3.67 on Wednesday. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $7.82. The company has a market capitalization of $195.13 million, a price-to-earnings ratio of -2.68 and a beta of -0.29. The stock has a fifty day moving average of $2.70 and a two-hundred day moving average of $3.29.

Insider Activity

In related news, CFO Eric L. Gerratt sold 18,731 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.59, for a total transaction of $48,513.29. Following the completion of the sale, the chief financial officer now owns 481,269 shares in the company, valued at approximately $1,246,486.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Bridger Aerospace Group news, CFO Eric L. Gerratt sold 18,731 shares of Bridger Aerospace Group 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 sale, the chief financial officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James J. Muchmore sold 18,902 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now directly owns 820,417 shares in the company, valued at approximately $2,215,125.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock worth $252,811 over the last three months. 76.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Bridger Aerospace Group

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.