Q4 2016 EPS Estimates for Air Methods Corp. Cut by Oppenheimer Holdings (AIRM)
Air Methods Corp. (NASDAQ:AIRM) – Equities research analysts at Oppenheimer Holdings dropped their Q4 2016 earnings per share estimates for Air Methods Corp. in a research report issued on Thursday. Oppenheimer Holdings analyst M. Wiederhorn now anticipates that the brokerage will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.78. Oppenheimer Holdings currently has a “Outperform” rating and a $50.00 price target on the stock.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $299.35 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded Air Methods Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Air Methods Corp. by 0.3% in the second quarter. Vanguard Group Inc. now owns 2,805,537 shares of the company’s stock worth $100,522,000 after buying an additional 8,205 shares in the last quarter. BlackRock Fund Advisors boosted its position in Air Methods Corp. by 0.3% in the second quarter. BlackRock Fund Advisors now owns 2,415,635 shares of the company’s stock worth $86,552,000 after buying an additional 7,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Air Methods Corp. by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,794,621 shares of the company’s stock worth $64,301,000 after buying an additional 173,802 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in Air Methods Corp. by 3.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,351,217 shares of the company’s stock worth $48,414,000 after buying an additional 49,495 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Air Methods Corp. by 4.5% in the second quarter. Brown Advisory Inc. now owns 927,050 shares of the company’s stock worth $33,217,000 after buying an additional 39,742 shares in the last quarter.
In other news, insider Sharon J. Keck sold 1,300 shares of the company’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 transaction of $42,159.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph E. Whitters bought 2,500 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of $32.12 per share, for a total transaction of $80,300.00. The disclosure for this purchase can be found here. Company insiders own 8.99% of the company’s stock.
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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