Q3 2016 EPS Estimates for Air Methods Corp. (AIRM) Cut by Oppenheimer Holdings
Air Methods Corp. (NASDAQ:AIRM) – Investment analysts at Oppenheimer Holdings reduced their Q3 2016 earnings estimates for Air Methods Corp. in a note issued to investors on Thursday. Oppenheimer Holdings analyst M. Wiederhorn now forecasts that the brokerage will post earnings of $1.10 per share for the quarter, down from their prior forecast of $1.16. Oppenheimer Holdings has a “Outperform” rating and a $50.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Air Methods Corp.’s FY2016 earnings at $3.02 EPS, Q1 2017 earnings at $0.47 EPS, Q2 2017 earnings at $0.93 EPS, Q3 2017 earnings at $1.37 EPS and FY2017 earnings at $3.56 EPS.
Air Methods Corp. (NASDAQ:AIRM) last issued its earnings results on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The firm earned $292.60 million during the quarter, compared to analysts’ expectations of $299.35 million. Air Methods Corp. had a return on equity of 20.90% and a net margin of 10.18%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS.
Separately, Zacks Investment Research cut Air Methods Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. 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. Air Methods Corp. currently has a consensus rating of “Hold” and a consensus target price of $47.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/q3-2016-eps-estimates-for-air-methods-corp-airm-cut-by-oppenheimer-holdings.html
Shares of Air Methods Corp. (NASDAQ:AIRM) traded down 3.124% during mid-day trading on Friday, reaching $29.741. The company’s stock had a trading volume of 172,872 shares. The stock has a market capitalization of $1.13 billion, a P/E ratio of 10.137 and a beta of 1.47. Air Methods Corp. has a 12-month low of $29.73 and a 12-month high of $46.50. The company’s 50-day moving average price is $32.79 and its 200-day moving average price is $35.05.
In related news, Director Joseph E. Whitters acquired 2,500 shares of the stock in a transaction dated Thursday, August 11th. The shares were purchased 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 can be accessed through this link. Also, insider Sharon J. Keck sold 1,300 shares of Air Methods Corp. stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total value of $42,159.00. The disclosure for this sale can be found here. Insiders own 8.99% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted 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 last quarter. Pacad Investment Ltd. bought a new position in Air Methods Corp. during the second quarter worth $100,000. Creative Planning boosted its position in 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 last quarter. Advisors Asset Management Inc. boosted its position in Air Methods Corp. by 35.8% in the second quarter. Advisors Asset Management Inc. now owns 3,124 shares of the company’s stock worth $112,000 after buying an additional 824 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in Air Methods Corp. by 10.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,200 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the last quarter.
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.
Receive News & Ratings for Air Methods Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Methods Corp. and related companies with MarketBeat.com's FREE daily email newsletter.