Bristow Group Inc. (BRS) Bonds Rise 1.5% During Trading
An issue of Bristow Group Inc. (NYSE:BRS) bonds rose 1.5% against their face value during trading on Friday. The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The debt is now trading at $73.50 and was trading at $74.75 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
Several equities analysts have recently weighed in on the company. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Capital One Financial Corp. downgraded Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Bristow Group in a research report on Wednesday, June 29th. Cowen and Company cut their price objective on Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Finally, Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.20.
Shares of Bristow Group Inc. (NYSE:BRS) traded up 0.36% during midday trading on Friday, hitting $14.02. The company’s stock had a trading volume of 1,133,290 shares. Bristow Group Inc. has a 12-month low of $9.17 and a 12-month high of $37.19. The firm’s market cap is $491.58 million. The firm has a 50-day moving average of $12.02 and a 200 day moving average of $14.76.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.21. Bristow Group had a positive return on equity of 1.16% and a negative net margin of 6.50%. The company had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $383.79 million. During the same quarter in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was down 20.9% compared to the same quarter last year. On average, equities research analysts predict that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.00%. Bristow Group’s payout ratio is -9.30%.
In other Bristow Group news, insider Jonathan Baliff bought 8,200 shares of the business’s stock in a transaction on Monday, August 15th. The stock was bought at an average price of $12.12 per share, with a total value of $99,384.00. Following the completion of the purchase, the insider now directly owns 50,998 shares in the company, valued at $618,095.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chet Akiri bought 5,565 shares of the business’s stock in a transaction on Monday, August 29th. The shares were acquired at an average cost of $11.62 per share, with a total value of $64,665.30. Following the purchase, the insider now owns 5,565 shares of the company’s stock, valued at $64,665.30. The disclosure for this purchase can be found here. Corporate insiders own 9.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in Bristow Group by 54.4% in the second quarter. Public Employees Retirement System of Ohio now owns 8,724 shares of the company’s stock valued at $100,000 after buying an additional 3,072 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Bristow Group by 43.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 315,637 shares of the company’s stock valued at $3,602,000 after buying an additional 95,338 shares during the period. Numeric Investors LLC acquired a new stake in Bristow Group during the second quarter valued at about $890,000. Arizona State Retirement System boosted its stake in Bristow Group by 1.1% in the second quarter. Arizona State Retirement System now owns 18,193 shares of the company’s stock valued at $208,000 after buying an additional 200 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Bristow Group during the second quarter valued at about $117,000.
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.
Receive News & Stock Ratings for Bristow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristow Group Inc. and related stocks with our FREE daily email newsletter.