Bristow Group Inc. (BRS) Announces Quarterly Dividend of $0.25
Bristow Group (NYSE:BRS) declared a quarterly dividend on Thursday, February 6th, Analyst Ratings Network.com reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.25 per share on Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%.
Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Bristow Group from $100.00 to $94.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. On a related note, analysts at Iberia Capital initiated coverage on shares of Bristow Group in a research note to investors on Monday, December 23rd. They set an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Bristow Group from $99.00 to $104.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Bristow Group presently has an average rating of “Buy” and a consensus target price of $89.67.
Shares of Bristow Group (NYSE:BRS) remained flat at $68.67 during trading on Thursday. 589,752 shares of the company’s stock traded hands. Bristow Group has a 1-year low of $55.83 and a 1-year high of $85.70. The stock’s 50-day moving average is $74.11 and its 200-day moving average is $74.08. The company has a market cap of $2.515 billion and a price-to-earnings ratio of 11.71.
Bristow Group (NYSE:BRS) last announced its earnings results on Friday, November 8th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.04 by $0.23. The company had revenue of $417.30 million for the quarter, compared to the consensus estimate of $401.32 million. During the same quarter last year, the company posted $0.80 earnings per share. Bristow Group’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that Bristow Group will post $4.60 EPS for the current fiscal year.
Bristow Group Inc (NYSE:BRS) is a provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations.
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