Era Group (NYSE:ERA) Releases Quarterly Earnings Results, Misses Estimates By $0.38 EPS

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Era Group (NYSE:ERA) issued its quarterly earnings results on Wednesday, August 8th. The transportation company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38), Fidelity Earnings reports. The company had revenue of $57.73 million during the quarter. Era Group had a negative return on equity of 2.57% and a negative net margin of 13.39%.

Shares of ERA stock traded down $0.11 on Friday, reaching $11.94. 43,434 shares of the company’s stock were exchanged, compared to its average volume of 45,330. Era Group has a 52 week low of $8.61 and a 52 week high of $14.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.82.

Separately, ValuEngine raised Era Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th.

About Era Group

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

See Also: How to Invest in Growth Stocks

Earnings History for Era Group (NYSE:ERA)

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