Bristow Group Inc Expected to Earn Q1 2019 Earnings of ($0.76) Per Share (BRS)
Bristow Group Inc (NYSE:BRS) – Investment analysts at Capital One Financial Corporation issued their Q1 2019 earnings per share (EPS) estimates for Bristow Group in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst J. Gibney anticipates that the oil and gas company will earn ($0.76) per share for the quarter. Capital One Financial Corporation also issued estimates for Bristow Group’s Q2 2019 earnings at ($0.67) EPS, Q3 2019 earnings at ($0.62) EPS and Q4 2019 earnings at ($0.61) EPS.
Bristow Group (NYSE:BRS) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($1.11) by $0.28. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The firm had revenue of $352.10 million for the quarter, compared to analysts’ expectations of $299.93 million. During the same quarter last year, the firm posted ($0.34) EPS. The company’s revenue was down 4.7% compared to the same quarter last year.
BRS has been the topic of a number of other reports. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Barclays PLC reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Bristow Group in a research note on Friday, August 11th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.60.
Shares of Bristow Group (BRS) traded down 0.683% during mid-day trading on Monday, hitting $9.445. The stock had a trading volume of 281,382 shares. The company’s market cap is $333.66 million. The stock’s 50-day moving average is $8.89 and its 200 day moving average is $9.90. Bristow Group has a 12 month low of $6.21 and a 12 month high of $21.88.
In other news, insider Jonathan Baliff acquired 6,500 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now directly owns 67,344 shares in the company, valued at approximately $518,548.80. The acquisition was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of BRS. Dimensional Fund Advisors LP boosted its position in shares of Bristow Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,621 shares of the oil and gas company’s stock valued at $45,015,000 after acquiring an additional 21,261 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bristow Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,427,238 shares of the oil and gas company’s stock valued at $36,918,000 after purchasing an additional 62,466 shares in the last quarter. Boston Partners grew its holdings in shares of Bristow Group by 112.2% in the second quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock valued at $13,914,000 after purchasing an additional 961,730 shares in the last quarter. State Street Corp grew its holdings in shares of Bristow Group by 29.6% in the first quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock valued at $21,594,000 after purchasing an additional 324,214 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Bristow Group by 15.5% in the first quarter. Morgan Stanley now owns 1,358,943 shares of the oil and gas company’s stock valued at $20,669,000 after purchasing an additional 182,319 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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