Bristow Group Inc (NYSE:BRS) – Capital One Financial Corporation lifted their Q3 2018 earnings per share estimates for shares of Bristow Group in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst J. Gibney now forecasts that the company will post earnings of ($0.92) per share for the quarter, up from their prior estimate of ($0.94). Capital One Financial Corporation also issued estimates for Bristow Group’s Q4 2018 earnings at ($0.82) EPS and FY2018 earnings at ($3.34) EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Bristow Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. BidaskClub cut Bristow Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Cowen and Company set a $7.00 price objective on Bristow Group and gave the stock a “hold” rating in a research report on Friday, October 6th. ValuEngine raised Bristow Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Barclays PLC reissued a “hold” rating and set a $10.00 price objective on shares of Bristow Group in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Bristow Group presently has an average rating of “Hold” and a consensus target price of C$12.60.

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Shares of Bristow Group (NYSE:BRS) opened at C$14.15 on Monday. Bristow Group has a 12-month low of C$6.21 and a 12-month high of C$21.88. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.97.

Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.95) by C$0.62. Bristow Group had a negative return on equity of 7.08% and a negative net margin of 13.31%. The company had revenue of C$358.00 million during the quarter, compared to analysts’ expectations of C$345.87 million. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winslow Asset Management Inc. grew its position in Bristow Group by 7.4% during the 2nd quarter. Winslow Asset Management Inc. now owns 13,075 shares of the company’s stock worth $100,000 after acquiring an additional 900 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Bristow Group by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock worth $100,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Bristow Group by 10.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the company’s stock worth $212,000 after acquiring an additional 1,373 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Bristow Group by 87.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,117 shares of the company’s stock worth $108,000 after acquiring an additional 6,604 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in Bristow Group during the 1st quarter worth approximately $221,000.

In related news, insider Jonathan Baliff acquired 6,500 shares of the stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of C$7.70 per share, for a total transaction of C$50,050.00. Following the purchase, the insider now owns 67,344 shares in the company, valued at approximately C$518,548.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

About Bristow Group

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.

Earnings History and Estimates for Bristow Group (NYSE:BRS)

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