Era Group, Inc. (ERA) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS
Era Group, Inc. (NYSE:ERA) announced its earnings results on Thursday. The transportation company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.13), Briefing.com reports. The business had revenue of $61.39 million for the quarter, compared to the consensus estimate of $60.00 million. Era Group had a negative return on equity of 4.33% and a negative net margin of 41.46%. Era Group’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS.
Era Group (NYSE ERA) opened at $11.05 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.37 and a debt-to-equity ratio of 0.48. Era Group has a one year low of $8.00 and a one year high of $17.73.
COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/11/11/era-group-inc-era-posts-quarterly-earnings-results-misses-expectations-by-0-13-eps.html.
In other news, SVP Paul T. White sold 24,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $8.54, for a total transaction of $204,960.00. Following the transaction, the senior vice president now owns 59,822 shares of the company’s stock, valued at $510,879.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.88% of the company’s stock.
An institutional investor recently raised its position in Era Group stock. The Manufacturers Life Insurance Company increased its position in shares of Era Group, Inc. (NYSE:ERA) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,307 shares of the transportation company’s stock after acquiring an additional 2,635 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Era Group worth $183,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
Era Group Company Profile
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
Receive News & Stock Ratings for Era Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Era Group Inc. and related stocks with our FREE daily email newsletter.