Air Methods Corp. (AIRM) to Post Q3 2016 Earnings of $0.76 Per Share, Feltl & Co. Forecasts
Air Methods Corp. (NASDAQ:AIRM) – Investment analysts at Feltl & Co. cut their Q3 2016 earnings estimates for shares of Air Methods Corp. in a research report issued on Thursday. Feltl & Co. analyst B. Haynor now forecasts that the brokerage will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.89. Feltl & Co. also issued estimates for Air Methods Corp.’s FY2016 earnings at $2.73 EPS.
AIRM has been the subject of a number of other reports. Zacks Investment Research cut Air Methods Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. cut their price objective on 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 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.67.
Air Methods Corp. (NASDAQ:AIRM) opened at 30.22 on Monday. Air Methods Corp. has a 12-month low of $29.70 and a 12-month high of $46.50. The company has a 50-day moving average price of $32.70 and a 200-day moving average price of $35.00. The stock has a market capitalization of $1.15 billion, a PE ratio of 10.30 and a beta of 1.47.
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Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.70 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 analysts’ expectations of $299.35 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis.
In other news, Director Joseph E. Whitters acquired 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, with a total value of $80,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sharon J. Keck sold 1,300 shares of the 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. 8.99% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of AIRM. Renaissance Technologies LLC raised its stake in Air Methods Corp. by 173.7% in the first quarter. Renaissance Technologies LLC now owns 467,400 shares of the company’s stock valued at $16,929,000 after buying an additional 296,600 shares during the period. Emerald Acquisition Ltd. bought a new stake in Air Methods Corp. during the second quarter valued at approximately $7,373,000. Dimensional Fund Advisors LP raised its stake 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 valued at $64,301,000 after buying an additional 173,802 shares during the period. AJO LP bought a new stake in Air Methods Corp. during the second quarter valued at approximately $5,732,000. Finally, Macquarie Group Ltd. raised its stake in Air Methods Corp. by 27.6% in the second quarter. Macquarie Group Ltd. now owns 593,888 shares of the company’s stock valued at $21,279,000 after buying an additional 128,463 shares during the period.
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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