Bridger Aerospace Group (NASDAQ:BAER) Posts Earnings Results, Misses Expectations By $0.15 EPS

Bridger Aerospace Group (NASDAQ:BAERGet Free Report) released its earnings results on Monday. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15), Zacks reports. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Price Performance

Bridger Aerospace Group stock opened at $3.50 on Tuesday. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $7.82. The firm has a market capitalization of $186.08 million, a PE ratio of -2.29 and a beta of -0.29. The company’s 50-day moving average is $2.67 and its 200-day moving average is $3.30.

Insiders Place Their Bets

In other news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.58, for a total transaction of $69,494.88. Following the completion of the transaction, the executive vice president now directly owns 844,211 shares in the company, valued at approximately $2,178,064.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP James J. Muchmore sold 18,902 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now owns 820,417 shares of the company’s stock, valued at approximately $2,215,125.90. 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 can be accessed through this link. Also, EVP James J. Muchmore sold 26,936 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.58, for a total value of $69,494.88. Following the completion of the sale, the executive vice president now owns 844,211 shares of the company’s stock, valued at $2,178,064.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,614 shares of company stock valued at $252,811 over the last 90 days. 76.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $5.25 price objective on shares of Bridger Aerospace Group in a report on Tuesday, August 13th.

Read Our Latest Analysis on Bridger Aerospace Group

Bridger Aerospace Group Company Profile

(Get Free Report)

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.

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Earnings History for Bridger Aerospace Group (NASDAQ:BAER)

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