Analysts Offer Predictions for Bristow Group Inc’s Q1 2019 Earnings (BRS)
Bristow Group Inc (NYSE:BRS) – Investment analysts at Capital One Financial Corporation issued their Q1 2019 earnings per share estimates for Bristow Group in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst J. Gibney forecasts that the oil and gas company will earn ($0.76) per share for the quarter. Capital One Financial Corporation also issued estimates for Bristow Group’s Q2 2019 earnings at ($0.67) EPS, Q3 2019 earnings at ($0.62) EPS and Q4 2019 earnings at ($0.61) EPS.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.28. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. The company had revenue of $352.10 million for the quarter, compared to the consensus estimate of $299.93 million. During the same quarter last year, the firm posted ($0.34) earnings per share. Bristow Group’s revenue was down 4.7% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This news story was published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/10/02/analysts-offer-predictions-for-bristow-group-incs-q1-2019-earnings-brs.html.
Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Barclays PLC reiterated a “hold” rating and set a $10.00 target price on shares of Bristow Group in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.
Bristow Group (BRS) traded up 0.32% during mid-day trading on Monday, hitting $9.38. The stock had a trading volume of 66,127 shares. The firm’s 50-day moving average is $8.27 and its 200 day moving average is $10.21. The stock’s market cap is $331.37 million. Bristow Group has a one year low of $6.21 and a one year high of $21.88.
In related news, insider Jonathan Baliff bought 6,500 shares of Bristow Group stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of $7.70 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the insider now owns 67,344 shares of the company’s stock, valued at $518,548.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BRS. Russell Investments Group Ltd. lifted its stake in shares of Bristow Group by 955.1% in the 1st quarter. Russell Investments Group Ltd. now owns 28,287 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 25,606 shares during the period. Wells Fargo & Company MN grew its stake in shares of Bristow Group by 250.5% during the first quarter. Wells Fargo & Company MN now owns 189,133 shares of the oil and gas company’s stock worth $2,877,000 after purchasing an additional 135,166 shares during the period. Comerica Bank grew its stake in shares of Bristow Group by 4.0% during the first quarter. Comerica Bank now owns 35,320 shares of the oil and gas company’s stock worth $490,000 after purchasing an additional 1,374 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of Bristow Group during the first quarter worth $221,000. Finally, Karp Capital Management Corp bought a new stake in Bristow Group in the first quarter valued at about $303,000.
Bristow Group Company Profile
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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