Bridger Aerospace Group (NASDAQ:BAER) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Bridger Aerospace Group (NASDAQ:BAER) issued its quarterly earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05, Zacks reports. Bridger Aerospace Group had a negative return on equity of 1.89% and a net margin of 4.96%.The business had revenue of $67.89 million during the quarter, compared to the consensus estimate of $48.40 million. Bridger Aerospace Group updated its FY 2025 guidance to EPS.

Bridger Aerospace Group Stock Up 0.6%

BAER stock traded up $0.01 during mid-day trading on Friday, reaching $1.62. The company had a trading volume of 813,354 shares, compared to its average volume of 1,438,911. The stock has a market capitalization of $89.96 million, a P/E ratio of -3.12 and a beta of 0.15. Bridger Aerospace Group has a one year low of $1.02 and a one year high of $4.44. The stock’s 50-day simple moving average is $1.78 and its two-hundred day simple moving average is $1.75.

Institutional Trading of Bridger Aerospace Group

A number of large investors have recently modified their holdings of BAER. Dynamic Technology Lab Private Ltd bought a new stake in Bridger Aerospace Group in the 1st quarter valued at about $41,000. XTX Topco Ltd bought a new position in Bridger Aerospace Group in the 2nd quarter worth about $26,000. Jane Street Group LLC acquired a new stake in shares of Bridger Aerospace Group in the second quarter valued at approximately $73,000. Bridgeway Capital Management LLC increased its stake in shares of Bridger Aerospace Group by 555.6% in the second quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company’s stock valued at $148,000 after purchasing an additional 65,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Bridger Aerospace Group by 7.9% during the third quarter. Vanguard Group Inc. now owns 809,615 shares of the company’s stock valued at $1,498,000 after buying an additional 59,482 shares during the last quarter. Institutional investors and hedge funds own 48.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bridger Aerospace Group in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.25.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.