Air Methods Corp. (AIRM) Forecasted to Post Q3 2016 Earnings of $1.14 Per Share
Air Methods Corp. (NASDAQ:AIRM) – Stock analysts at KeyCorp reduced their Q3 2016 earnings per share (EPS) estimates for shares of Air Methods Corp. in a research report issued on Thursday. KeyCorp analyst J. Gurda now expects that the firm will earn $1.14 per share for the quarter, down from their prior forecast of $1.18. KeyCorp also issued estimates for Air Methods Corp.’s FY2016 earnings at $3.12 EPS.
AIRM has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. cut their price objective on shares of Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Air Methods Corp. presently has an average rating of “Hold” and a consensus price target of $47.67.
Air Methods Corp. (NASDAQ:AIRM) traded down 3.124% during trading on Friday, reaching $29.741. 172,872 shares of the company were exchanged. Air Methods Corp. has a one year low of $29.73 and a one year high of $46.50. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.137 and a beta of 1.47. The firm’s 50 day moving average price is $32.79 and its 200-day moving average price is $35.05.
Air Methods Corp. (NASDAQ:AIRM) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by $0.07. Air Methods Corp. had a return on equity of 20.90% and a net margin of 10.18%. The business had revenue of $292.60 million for the quarter, compared to the consensus estimate of $299.35 million. During the same period in the prior year, the business posted $0.69 earnings per share. Air Methods Corp.’s revenue was up 11.0% compared to the same quarter last year.
In related news, Director Joseph E. Whitters purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of $32.12 per share, with a total value of $80,300.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sharon J. Keck sold 1,300 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $32.43, for a total transaction of $42,159.00. The disclosure for this sale can be found here. 8.99% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Creative Planning increased its position in shares of Air Methods Corp. by 0.5% in the second quarter. Creative Planning now owns 2,821 shares of the company’s stock worth $101,000 after buying an additional 15 shares during the period. Profund Advisors LLC increased its position in shares of Air Methods Corp. by 1.3% in the second quarter. Profund Advisors LLC now owns 7,683 shares of the company’s stock worth $275,000 after buying an additional 99 shares during the period. Zacks Investment Management increased its position in shares of Air Methods Corp. by 1.4% in the second quarter. Zacks Investment Management now owns 11,511 shares of the company’s stock worth $412,000 after buying an additional 161 shares during the period. PineBridge Investments L.P. increased its position in shares of Air Methods Corp. by 5.4% in the second quarter. PineBridge Investments L.P. now owns 4,429 shares of the company’s stock worth $159,000 after buying an additional 226 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Air Methods Corp. by 0.6% in the second quarter. American Century Companies Inc. now owns 41,096 shares of the company’s stock worth $1,472,000 after buying an additional 228 shares during the period.
Air Methods Corp. Company Profile
Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s segments include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s AMS segment provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements.
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