Bristow Group Inc. (VTOL) to Issue Quarterly Dividend of $0.12 on August 28th

Bristow Group Inc. (NYSE:VTOL) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 14th will be given a dividend of 0.125 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th.

Bristow Group Stock Up 1.5%

Shares of NYSE:VTOL opened at $45.37 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of 11.82 and a beta of 1.23. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. Bristow Group has a 12-month low of $32.76 and a 12-month high of $50.38. The business has a fifty day simple moving average of $43.05 and a 200 day simple moving average of $44.41.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.57). The company had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. Analysts predict that Bristow Group will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VTOL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.