Bristow Group (NYSE:BRS) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.09), MarketWatch Earnings reports. The company had revenue of $334.70 million during the quarter, compared to analysts’ expectations of $349.80 million. Bristow Group had a negative return on equity of 6.36% and a negative net margin of 11.80%. Bristow Group’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.88) EPS.
Shares of BRS traded down $2.32 during trading hours on Friday, hitting $7.72. The company had a trading volume of 3,997,500 shares, compared to its average volume of 618,246. Bristow Group has a 52-week low of $7.53 and a 52-week high of $18.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.32 and a quick ratio of 1.94. The firm has a market cap of $379.83 million, a PE ratio of -3.65 and a beta of 2.63.
Several equities analysts have recently issued reports on BRS shares. Zacks Investment Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Credit Suisse Group lowered their price target on Bristow Group from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, August 8th. Finally, ValuEngine raised Bristow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th.
Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.
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