Bristow Group (NYSE:VTOL) Announces Earnings Results

Key Points

• Bristow Group reported an earnings per share (EPS) of $1.07, beating analysts' expectations by $0.31.
• The company's market capitalization is approximately $1.01 billion, with a price-to-earnings ratio of 8.70.
• Insider selling activity included major shareholder Solus selling 45,857 shares, reducing their ownership by 1.47%.

Bristow Group (NYSE:VTOL - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.31, Zacks reports. Bristow Group had a net margin of 8.24% and a return on equity of 13.13%. The firm had revenue of $376.43 million during the quarter, compared to analysts' expectations of $380.00 million. Bristow Group updated its FY 2025 guidance to EPS and its FY 2026 guidance to EPS.

Bristow Group Trading Up 0.4%

Shares of VTOL traded up $0.14 during trading hours on Thursday, hitting $38.34. 539,496 shares of the stock were exchanged, compared to its average volume of 162,517. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.84 and a quick ratio of 1.47. The business has a 50-day moving average of $33.79 and a 200-day moving average of $32.46. The firm has a market capitalization of $1.10 billion, a P/E ratio of 9.56 and a beta of 1.32.

Insider Buying and Selling at Bristow Group

In other news, Director Lorin L. Brass sold 1,131 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $33.50, for a total transaction of $37,888.50. Following the completion of the sale, the director directly owned 31,955 shares in the company, valued at $1,070,492.50. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 45,857 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $33.49, for a total transaction of $1,535,750.93. Following the sale, the insider owned 3,076,796 shares of the company's stock, valued at approximately $103,041,898.04. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,085 shares of company stock valued at $1,576,889. 13.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

Large investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Bristow Group during the first quarter worth $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bristow Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company's stock worth $461,000 after purchasing an additional 609 shares during the period. AQR Capital Management LLC acquired a new stake in Bristow Group in the first quarter worth $1,119,000. Finally, Jane Street Group LLC grew its holdings in Bristow Group by 178.7% in the first quarter. Jane Street Group LLC now owns 53,526 shares of the company's stock worth $1,690,000 after purchasing an additional 34,317 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.