Bristow Group Inc (NYSE:BRS) – Equities research analysts at Capital One Financial Corporation lifted their Q4 2018 earnings per share estimates for shares of Bristow Group in a report issued on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will post earnings of ($0.76) per share for the quarter, up from their previous estimate of ($0.86).
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.28. The business had revenue of $352.10 million for the quarter, compared to the consensus estimate of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) earnings per share. COPYRIGHT VIOLATION WARNING: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/10/13/q4-2018-earnings-estimate-for-bristow-group-inc-issued-by-capital-one-financial-corporation-brs.html.
A number of other equities research analysts have also weighed in on the stock. ValuEngine upgraded shares of Bristow Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, September 6th. Cowen and Company set a $7.00 price target on shares of Bristow Group and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Barclays PLC reiterated a “hold” rating and set a $10.00 price target on shares of Bristow Group in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Bristow Group has an average rating of “Hold” and a consensus price target of $12.60.
In related news, insider Jonathan Baliff acquired 6,500 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $7.70 per share, with a total value of $50,050.00. Following the completion of the acquisition, the insider now owns 67,344 shares in the company, valued at $518,548.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in BRS. Russell Investments Group Ltd. boosted its holdings in Bristow Group by 955.1% during the first quarter. Russell Investments Group Ltd. now owns 28,287 shares of the oil and gas company’s stock worth $430,000 after buying an additional 25,606 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in 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 buying an additional 135,166 shares in the last quarter. Comerica Bank boosted its holdings in 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 buying an additional 1,374 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Bristow Group during the first quarter worth about $221,000. Finally, Karp Capital Management Corp purchased a new stake in Bristow Group during the first quarter worth about $303,000.
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.
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