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

Key Points

• Bristow declared a quarterly dividend of $0.125 per share, payable May 29 to shareholders of record May 15 (ex-dividend date May 15), implying an annualized yield of about 1.0%.
• The company reported quarterly EPS of $0.61, beating estimates by $0.15 while revenue was $377.3M versus estimates of $380.3M; analysts forecast roughly 4.65 EPS for the year.
• Shares traded at $49.04 (down 0.2%), reflecting a market cap of about $1.45 billion, a P/E of 11.35, debt-to-equity of 0.61 and a current ratio of 1.90.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be given a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th.

Bristow Group Stock Down 0.2%

Shares of Bristow Group stock traded down $0.10 during trading hours on Friday, reaching $49.04. The company's stock had a trading volume of 218,804 shares, compared to its average volume of 206,884. Bristow Group has a one year low of $26.53 and a one year high of $50.28. The company has a market capitalization of $1.45 billion, a P/E ratio of 11.35 and a beta of 1.35. The stock's fifty day simple moving average is $46.74 and its two-hundred day simple moving average is $42.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The firm had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million. On average, research analysts forecast that Bristow Group will post 4.65 earnings per share for the current year.

About Bristow Group

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.

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