Bristow Group Inc. (NYSE:VTOL) Declares Quarterly Dividend of $0.13

Bristow Group Inc. (NYSE:VTOL) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.125 per share on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 13th.

Bristow Group Trading Up 3.7%

Bristow Group stock traded up $1.73 during trading hours on Thursday, reaching $48.44. 99,321 shares of the company’s stock traded hands, compared to its average volume of 192,679. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $48.55. The firm’s 50 day moving average is $41.61 and its 200-day moving average is $39.12.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.15. Bristow Group had a net margin of 9.71% and a return on equity of 14.83%. The business had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. JonesTrading began coverage on Bristow Group in a report on Friday, January 23rd. They set a “buy” rating on the stock. Raymond James Financial initiated coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Zacks Research upgraded Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Bristow Group presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.