Air Methods Corp. Sets New 1-Year High on Strong Earnings (AIRM)
Air Methods Corp. (NASDAQ:AIRM) hit a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings, Stock Ratings News reports. The company traded as high as $60.74 and last traded at $59.11, with a volume of 1,441,822 shares traded. The stock had previously closed at $53.19.
The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.07. The company had revenue of $258.50 million for the quarter, compared to the consensus estimate of $251.90 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis.
A number of analysts have recently weighed in on AIRM shares. Analysts at KeyCorp initiated coverage on shares of Air Methods Corp. in a research note on Tuesday, June 3rd. They set a “buy” rating and a $63.00 price target on the stock. Analysts at Stephens upgraded shares of Air Methods Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $56.00.
The stock has a 50-day moving average of $51. and a 200-day moving average of $51.70. The company has a market cap of $2.320 billion and a P/E ratio of 27.10.
Air Methods Corporation (NASDAQ:AIRM) is a provider of air medical emergency transport services and systems throughout the United States of America.
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