$326.50 Million in Sales Expected for Bristow Group Inc (NYSE:BRS) This Quarter
Wall Street analysts expect Bristow Group Inc (NYSE:BRS) to announce sales of $326.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bristow Group’s earnings, with the lowest sales estimate coming in at $316.60 million and the highest estimate coming in at $336.40 million. Bristow Group reported sales of $369.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.6%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Bristow Group will report full-year sales of $326.50 million for the current financial year, with estimates ranging from $1.30 billion to $1.40 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.39 billion per share. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Bristow Group.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported ($1.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.67. Bristow Group had a negative return on equity of 5.34% and a negative net margin of 12.12%. The company had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $327.92 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s quarterly revenue was down 13.7% on a year-over-year basis.
A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 20th. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Cowen and Company downgraded shares of Bristow Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $14.00 to $7.00 in a research note on Friday, May 26th. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $10.00 target price on shares of Bristow Group in a research note on Sunday, May 28th. Two analysts have 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. The stock has an average rating of “Hold” and a consensus price target of $15.60.
Shares of Bristow Group (NYSE BRS) traded down 4.09% during mid-day trading on Friday, reaching $7.50. 627,497 shares of the company’s stock traded hands. Bristow Group has a 12-month low of $6.21 and a 12-month high of $21.88. The firm’s market capitalization is $264.13 million. The stock has a 50-day moving average price of $7.15 and a 200 day moving average price of $13.27.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th were given a $0.07 dividend. The ex-dividend date was Monday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 3.73%. Bristow Group’s payout ratio is presently -5.76%.
Several large investors have recently made changes to their positions in BRS. Comerica Bank boosted its stake in shares of Bristow Group by 5.7% in the fourth quarter. Comerica Bank now owns 33,946 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 1,823 shares during the last quarter. FMR LLC boosted its stake in shares of Bristow Group by 157.5% in the fourth quarter. FMR LLC now owns 455,300 shares of the oil and gas company’s stock valued at $9,325,000 after buying an additional 278,500 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 valued at $506,000 after buying an additional 2,134 shares during the last quarter. Norges Bank acquired a new stake in shares of Bristow Group during the fourth quarter valued at $5,259,000. Finally, Teachers Advisors LLC boosted its stake in shares of Bristow Group by 33.8% in the fourth quarter. Teachers Advisors LLC now owns 85,014 shares of the oil and gas company’s stock valued at $1,741,000 after buying an additional 21,467 shares during the last quarter.
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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