William Blair Analysts Trimmed Revenue Estimation for Bristow Group Inc (BRS)

William Blair Analysts Trimmed Revenue Estimation for Bristow Group Inc (BRS)

Bristow Group Inc (NYSE:BRS) – Investment analysts at William Blair dropped their Q1 2018 EPS estimates for shares of Bristow Group in a research note issued to investors on Tuesday. William Blair analyst B. Dobell now expects that the oil and gas company will earn ($0.89) per share for the quarter, down from their previous estimate of ($0.41). William Blair also issued estimates for Bristow Group’s Q2 2018 earnings at ($0.85) EPS, Q3 2018 earnings at ($0.71) EPS, Q4 2018 earnings at ($0.59) EPS and FY2018 earnings at ($3.05) EPS.

BRS has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Johnson Rice reiterated an “in-line” rating on shares of Bristow Group in a research note on Tuesday, February 7th. Barclays PLC upped their price target on shares of Bristow Group from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 7th. Cowen and Company lowered shares of Bristow Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $14.00 to $7.00 in a research note on Friday, May 26th. Finally, Evercore ISI reiterated a “buy” rating and issued a $26.00 price target on shares of Bristow Group in a research note on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.60.

Bristow Group (NYSE BRS) opened at 7.04 on Friday. The company’s market capitalization is $247.93 million. Bristow Group has a one year low of $6.21 and a one year high of $21.88. The company has a 50-day moving average price of $12.59 and a 200-day moving average price of $15.89.

Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.67. Bristow Group had a negative return on equity of 2.01% and a negative net margin of 8.09%. The business had revenue of $323.70 million during the quarter, compared to the consensus estimate of $327.92 million. During the same period last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was down 13.7% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Bristow Group by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,373 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Bristow Group by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 112,259 shares of the oil and gas company’s stock worth $1,707,000 after buying an additional 11,157 shares in the last quarter. Jane Street Group LLC acquired a new stake in Bristow Group during the first quarter worth about $249,000. BlueCrest Capital Management Ltd acquired a new stake in Bristow Group during the first quarter worth about $213,000. Finally, State Street Corp increased its stake in Bristow Group by 29.6% in the first quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after buying an additional 324,214 shares in the last quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Monday, June 5th. Bristow Group’s dividend payout ratio is currently -8.33%.

Bristow Group Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BRS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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