Bristow Group (NYSE:VTOL) Announces Earnings Results

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

Bristow Group Stock Up 5.1 %

NYSE:VTOL traded up $1.77 during mid-day trading on Wednesday, hitting $36.35. 109,677 shares of the company’s stock traded hands, compared to its average volume of 119,019. The company has a fifty day moving average of $35.28 and a 200 day moving average of $34.47. Bristow Group has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a market capitalization of $1.04 billion, a P/E ratio of 34.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.53 and a current ratio of 1.86.

Wall Street Analyst Weigh In

Separately, Benchmark boosted 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.

Insider Activity at Bristow Group

In other news, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction dated 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 $1,242,663.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

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.