Equities Analysts Offer Predictions for Bristow Group Inc’s Q1 2018 Earnings (BRS)
Bristow Group Inc (NYSE:BRS) – Equities researchers at Capital One Financial Corp. issued their Q1 2018 EPS estimates for Bristow Group in a research note issued on Wednesday. Capital One Financial Corp. analyst J. Gibney forecasts that the oil and gas company will earn ($0.43) per share for the quarter. Capital One Financial Corp. also issued estimates for Bristow Group’s Q2 2018 earnings at ($0.37) EPS, Q3 2018 earnings at ($0.26) EPS and Q4 2018 earnings at ($0.24) EPS.
Bristow Group (NYSE:BRS) last announced its earnings results on Tuesday, May 23rd. The oil and gas company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by $0.67. Bristow Group had a negative return on equity of 2.01% and a negative net margin of 8.09%. The business had revenue of $323.70 million for the quarter, compared to analyst estimates of $327.92 million. During the same period last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year.
BRS has been the subject of several other research reports. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Evercore ISI restated a “buy” rating and issued a $26.00 price target on shares of Bristow Group in a research report on Monday, February 6th. ValuEngine upgraded Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 20th. Barclays PLC raised their price target on Bristow Group from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 7th. Finally, Cowen and Company cut Bristow Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $14.00 to $7.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Bristow Group presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of Bristow Group (NYSE:BRS) traded down 1.32% during midday trading on Friday, reaching $7.50. 374,134 shares of the company’s stock traded hands. Bristow Group has a 52 week low of $7.25 and a 52 week high of $21.88. The company’s market capitalization is $263.21 million. The stock’s 50 day moving average is $13.53 and its 200-day moving average is $16.02.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.28 dividend on an annualized basis and a yield of 3.68%. Bristow Group’s dividend payout ratio is currently -8.33%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Bristow Group during the fourth quarter worth about $5,259,000. Thrivent Financial for Lutherans raised its position in Bristow Group by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 173,774 shares of the oil and gas company’s stock worth $3,559,000 after buying an additional 1,280 shares in the last quarter. Guggenheim Capital LLC raised its position in Bristow Group by 128.3% in the fourth quarter. Guggenheim Capital LLC now owns 199,747 shares of the oil and gas company’s stock worth $4,090,000 after buying an additional 112,243 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Bristow Group by 9.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,704 shares of the oil and gas company’s stock worth $506,000 after buying an additional 2,134 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Bristow Group by 39.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 376,183 shares of the oil and gas company’s stock worth $7,704,000 after buying an additional 107,154 shares in the last quarter.
Bristow Group Company Profile
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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