Bristow Group (BRS) Announces Quarterly Earnings Results

Bristow Group (NYSE:BRS) released its earnings results on Wednesday. The oil and gas company reported ($0.48) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.18, Bloomberg Earnings reports. The firm had revenue of $341.20 million during the quarter, compared to analysts’ expectations of $352.63 million. Bristow Group had a negative net margin of 13.53% and a negative return on equity of 6.12%. Bristow Group’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned ($1.15) EPS.

Shares of Bristow Group opened at $14.36 on Friday, according to Marketbeat Ratings. The firm has a market capitalization of $636.43 million, a price-to-earnings ratio of -6.74 and a beta of 2.98. Bristow Group has a fifty-two week low of $6.21 and a fifty-two week high of $18.91. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88.

In other Bristow Group news, CEO Jonathan Baliff bought 3,900 shares of Bristow Group stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average price of $12.97 per share, for a total transaction of $50,583.00. Following the acquisition, the chief executive officer now owns 73,244 shares of the company’s stock, valued at approximately $949,974.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider L. Don Miller bought 2,000 shares of Bristow Group stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average price of $12.58 per share, for a total transaction of $25,160.00. Following the acquisition, the insider now directly owns 14,199 shares in the company, valued at approximately $178,623.42. The disclosure for this purchase can be found here. 10.00% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 30th. ValuEngine upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Credit Suisse Group lifted their price target on shares of Bristow Group from $8.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $13.50.

Bristow Group Company Profile

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter transportation services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

Earnings History for Bristow Group (NYSE:BRS)

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