Era Group (ERA) Issues Earnings Results

Era Group (NYSE:ERA) released its quarterly earnings results on Wednesday. The transportation company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10, Fidelity Earnings reports. Era Group had a negative return on equity of 1.41% and a net margin of 35.83%. The company had revenue of $54.61 million during the quarter.

Era Group stock traded down $0.62 during midday trading on Friday, reaching $11.09. The company’s stock had a trading volume of 18,192 shares, compared to its average volume of 40,125. The company has a current ratio of 2.44, a quick ratio of 1.82 and a debt-to-equity ratio of 0.40. Era Group has a 52-week low of $8.98 and a 52-week high of $14.23.

In other Era Group news, SVP Paul T. White sold 3,500 shares of the stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $12.15, for a total value of $42,525.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.72% of the company’s stock.

A number of equities research analysts have commented on ERA shares. TheStreet upgraded Era Group from a “d+” rating to a “c+” rating in a research note on Wednesday. ValuEngine upgraded Era Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th.

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About Era Group

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

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Earnings History for Era Group (NYSE:ERA)

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