Bridger Aerospace Group (NASDAQ:BAER) Issues Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Bridger Aerospace Group (NASDAQ:BAER) posted its quarterly earnings data on Monday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.15), Zacks reports. The business had revenue of $64.51 million during the quarter. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $3.35 on Thursday. Bridger Aerospace Group has a one year low of $1.71 and a one year high of $7.82. The company has a market cap of $178.12 million, a P/E ratio of -2.45 and a beta of -0.29. The business has a fifty day moving average of $2.70 and a two-hundred day moving average of $3.29.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on shares of Bridger Aerospace Group from $5.25 to $5.75 and gave the company a “buy” rating in a research note on Wednesday.

Insider Activity

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.58, for a total transaction of $69,494.88. Following the transaction, the executive vice president now directly owns 844,211 shares in the company, valued at approximately $2,178,064.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.58, for a total value of $69,494.88. Following the sale, the executive vice president now owns 844,211 shares of the company’s stock, valued at approximately $2,178,064.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel Carl Davis sold 19,323 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.56, for a total transaction of $49,466.88. Following the transaction, the chief executive officer now owns 474,352 shares of the company’s stock, valued at $1,214,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,614 shares of company stock worth $252,811 in the last 90 days. 76.22% of the stock is currently owned by corporate insiders.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.