Bristow Group (NYSE:VTOL) Announces Earnings Results, Misses Expectations By $0.57 EPS

Key Points

• EPS miss: Bristow reported Q1 EPS of $0.44, missing analysts' consensus by $0.57 (consensus $1.01) while revenue came in at $388.71M versus $383.68M expected; net margin was 8.66% and ROE 12.87%.
• Shares traded down to $48.91 after the release; the stock has a market cap of $1.45B, a P/E of 11.44, and a 52‑week range of $26.53–$50.38.
• The firm announced a quarterly dividend of $0.125 (1.0% yield; DPR 11.57%) even as insiders sold about 61,104 shares in the last three months, and analysts hold a consensus “Moderate Buy” with a $60 target.

Bristow Group (NYSE:VTOL - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.57), FiscalAI reports. The company had revenue of $388.71 million during the quarter, compared to analysts' expectations of $383.68 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Bristow Group Stock Performance

NYSE:VTOL traded down $0.51 on Tuesday, reaching $48.91. 250,357 shares of the company's stock were exchanged, compared to its average volume of 234,268. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 11.44 and a beta of 1.29. Bristow Group has a 52 week low of $26.53 and a 52 week high of $50.38. The stock has a fifty day simple moving average of $46.74 and a 200-day simple moving average of $42.11.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 15th. Bristow Group's dividend payout ratio (DPR) is currently 11.57%.

Wall Street Analysts Forecast Growth

VTOL has been the subject of a number of analyst reports. Zacks Research raised Bristow Group to a "hold" rating in a research report on Thursday, February 19th. Raymond James Financial began coverage on Bristow Group in a research note on Tuesday, February 17th. They set an "outperform" rating and a $60.00 target price on the stock. Wall Street Zen upgraded Bristow Group from a "hold" rating to a "buy" rating in a research note on Sunday, March 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Bristow Group in a research note on Wednesday, January 21st. Finally, JonesTrading assumed coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a "buy" rating on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Insider Activity

In other Bristow Group news, CFO Jennifer Dawn Whalen sold 26,667 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $46.90, for a total transaction of $1,250,682.30. Following the completion of the transaction, the chief financial officer owned 108,241 shares in the company, valued at $5,076,502.90. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Stavley sold 24,908 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the transaction, the chief operating officer owned 85,790 shares of the company's stock, valued at $4,033,845.80. This represents a 22.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 61,104 shares of company stock valued at $2,869,206. 13.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Bristow Group by 1,291.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,944 shares of the company's stock worth $323,000 after purchasing an additional 8,301 shares during the period. Guggenheim Capital LLC bought a new position in Bristow Group in the 4th quarter worth about $319,000. VARCOV Co. bought a new position in Bristow Group in the 4th quarter worth about $291,000. BNP Paribas Financial Markets boosted its stake in Bristow Group by 178.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,904 shares of the company's stock worth $285,000 after purchasing an additional 5,070 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Bristow Group in the 4th quarter worth about $267,000. Institutional investors own 93.29% of the company's stock.

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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