Era Group, Inc. (ERA) Announces Earnings Results, Beats Expectations By $0.03 EPS
Era Group, Inc. (NYSE:ERA) released its quarterly earnings results on Tuesday. The transportation company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03, Briefing.com reports. Era Group had a negative return on equity of 2.18% and a negative net margin of 4.09%. The firm had revenue of $57.90 million during the quarter, compared to analysts’ expectations of $59 million. During the same period last year, the firm posted ($0.27) EPS. The business’s revenue was down 8.7% on a year-over-year basis.
Era Group (NYSE:ERA) traded up 3.73% during midday trading on Wednesday, reaching $8.89. The company had a trading volume of 157,779 shares. Era Group has a 12 month low of $6.92 and a 12 month high of $17.73. The firm has a 50-day moving average of $9.15 and a 200-day moving average of $11.71. The stock’s market cap is $189.09 million.
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About Era Group
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
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