-$1.04 EPS Expected for Bristow Group Inc (NYSE:BRS) This Quarter
Brokerages expect that Bristow Group Inc (NYSE:BRS) will report ($1.04) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Bristow Group’s earnings. The lowest EPS estimate is ($1.17) and the highest is ($0.89). Bristow Group reported earnings per share of ($0.34) in the same quarter last year, which would suggest a negative year-over-year growth rate of 205.9%. The firm is expected to announce its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Bristow Group will report full-year earnings of ($3.64) per share for the current fiscal year, with EPS estimates ranging from ($4.05) to ($3.05). For the next year, analysts forecast that the firm will report earnings of ($2.18) per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Bristow Group.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported ($1.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.67. Bristow Group had a negative net margin of 12.12% and a negative return on equity of 5.34%. The company had revenue of $323.70 million during the quarter, compared to the consensus estimate of $327.92 million. During the same quarter in the previous year, the business earned $0.13 EPS. Bristow Group’s revenue was down 13.7% on a year-over-year basis.
Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 20th. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Cowen and Company downgraded shares of Bristow Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $14.00 to $7.00 in a research report on Friday, May 26th. BidaskClub raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.60.
Shares of Bristow Group (BRS) traded up 1.14% during midday trading on Thursday, reaching $8.00. 57,813 shares of the company traded hands. The firm’s market capitalization is $281.74 million. The company has a 50-day moving average of $7.12 and a 200 day moving average of $13.31. Bristow Group has a 12-month low of $6.21 and a 12-month high of $21.88.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Monday, June 5th. Bristow Group’s payout ratio is -5.76%.
A number of large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in shares of Bristow Group by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the oil and gas company’s stock worth $100,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its position in Bristow Group by 2.4% in the second quarter. Capstone Asset Management Co. now owns 17,796 shares of the oil and gas company’s stock worth $136,000 after buying an additional 410 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Bristow Group by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,373 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Bristow Group by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 112,259 shares of the oil and gas company’s stock worth $1,707,000 after buying an additional 11,157 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Bristow Group during the first quarter worth $249,000.
About Bristow Group
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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