Bristow Group Inc (BRS) Releases Earnings Results, Misses Expectations By $-0.15 EPS

Bristow Group Inc (BRS) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.34 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $-0.19. The company posted revenue of $369.40 million in the period, compared to analysts expectations of $394.00 million. The company’s revenue was down -20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Bristow Group Inc. Shares were Upgraded by Barclays on Jun 6, 2016 to ” Overweight” and Lowered the Price Target to $ 20 from a previous price target of $22 .

Bristow Group Inc closed down -0.37 points or -3.66% at $9.74 with 23,80,040 shares getting traded on Tusday. Post opening the session at $10.22, the shares hit an intraday low of $9.5 and an intraday high of $10.4 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 8, 2016, Michael A Flick (director) purchased 5,578 shares at $16.36 per share price. According to the SEC, on Jun 7, 2016, Jonathan Baliff (CEO) purchased 1,600 shares at $16.12 per share price. On Jun 6, 2016, Ian Godden (director) purchased 10,000 shares at $12.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea Nigeria and the United States Gulf of Mexico and in most of the other offshore energy producing regions of the world including Australia Brazil Canada Russia and Trinidad. It provides private sector search and rescue (SAR) services in Australia Canada Norway Russia and Trinidad and provides public sector SAR services in North Scotland on behalf of the Maritime & Coastguard Agency. It conducts its business in the Helicopter Services segment. Its Helicopter Services segment operations are conducted primarily through five business units: Europe West Africa North America Australia and Other International. It provides helicopter services to a base of integrated national and independent offshore energy companies. It also operates a training business unit Bristow Academy and provides technical services.

Bristow Group Inc

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