Era Group Inc. (ERA) Stock Price Down 3.6%
Era Group Inc. (NYSE:ERA)’s share price dropped 3.6% during trading on Tuesday . The company traded as low as $7.14 and last traded at $7.17, with a volume of 55,461 shares traded. The stock had previously closed at $7.44.
The firm’s market capitalization is $150.96 million. The company has a 50-day moving average price of $7.58 and a 200-day moving average price of $9.12.
Era Group (NYSE:ERA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.02. The business had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $67.01 million. Era Group had a negative net margin of 1.66% and a negative return on equity of 0.10%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts expect that Era Group Inc. will post ($0.60) earnings per share for the current fiscal year.
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In other news, SVP Stuart Stavley bought 3,500 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was acquired at an average cost of $8.30 per share, with a total value of $29,050.00. Following the completion of the transaction, the senior vice president now directly owns 79,562 shares of the company’s stock, valued at approximately $660,364.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in Era Group during the first quarter worth about $120,000. Shufro Rose & Co. LLC purchased a new stake in Era Group during the first quarter worth about $153,000. TFS Capital LLC purchased a new stake in Era Group during the second quarter worth about $158,000. Anchor Capital Advisors LLC increased its stake in Era Group by 1.1% in the second quarter. Anchor Capital Advisors LLC now owns 19,758 shares of the company’s stock worth $186,000 after buying an additional 216 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Era Group by 45.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 22,748 shares of the company’s stock worth $213,000 after buying an additional 7,079 shares in the last quarter. 89.46% of the stock is owned by institutional investors and hedge funds.
Era Group Company Profile
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
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