Q3 2016 EPS Estimates for Air Methods Corp. (AIRM) Decreased by Feltl & Co.
Air Methods Corp. (NASDAQ:AIRM) – Feltl & Co. lowered their Q3 2016 earnings per share (EPS) estimates for Air Methods Corp. in a research note issued on Thursday. Feltl & Co. analyst B. Haynor now anticipates that the firm will earn $0.76 per share for the quarter, down from their prior forecast of $0.89. Feltl & Co. also issued estimates for Air Methods Corp.’s FY2016 earnings at $2.73 EPS.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 earned $292.60 million during the quarter, compared to analysts’ expectations of $299.35 million. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Air Methods Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. dropped their price objective on Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, August 5th. One investment 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. The company currently has a consensus rating of “Hold” and a consensus price target of $47.67.
Air Methods Corp. (NASDAQ:AIRM) opened at 30.50 on Monday. The firm has a 50-day moving average price of $32.61 and a 200 day moving average price of $34.95. Air Methods Corp. has a 52-week low of $29.70 and a 52-week high of $46.50. The stock has a market cap of $1.16 billion, a PE ratio of 10.40 and a beta of 1.47.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in Air Methods Corp. by 21.4% in the first quarter. Aperio Group LLC now owns 8,265 shares of the company’s stock worth $299,000 after buying an additional 1,455 shares during the last quarter. Nisa Investment Advisors L.L.C. bought a new position in Air Methods Corp. during the first quarter worth $380,000. Ngam Advisors L.P. raised its position in Air Methods Corp. by 5.6% in the first quarter. Ngam Advisors L.P. now owns 10,884 shares of the company’s stock worth $394,000 after buying an additional 581 shares during the period. Prudential Financial Inc. raised its position in Air Methods Corp. by 10.0% in the first quarter. Prudential Financial Inc. now owns 91,660 shares of the company’s stock worth $3,320,000 after buying an additional 8,366 shares during the period. Finally, BlackRock Inc. raised its position in Air Methods Corp. by 120.4% in the first quarter. BlackRock Inc. now owns 2,766 shares of the company’s stock worth $100,000 after buying an additional 1,511 shares during the period.
In other news, insider Sharon J. Keck sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $32.43, for a total value of $42,159.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph E. Whitters bought 2,500 shares of the stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of $32.12 per share, with a total value of $80,300.00. The disclosure for this purchase can be found here. 8.99% of the stock is owned by insiders.
About Air Methods Corp.
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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