Air Methods Corp. (AIRM) to Post Q4 2016 Earnings of $0.70 Per Share, Oppenheimer Holdings Forecasts
Air Methods Corp. (NASDAQ:AIRM) – Equities researchers at Oppenheimer Holdings cut their Q4 2016 earnings per share estimates for shares of Air Methods Corp. in a report released on Thursday. Oppenheimer Holdings analyst M. Wiederhorn now forecasts that the brokerage will earn $0.70 per share for the quarter, down from their prior estimate of $0.78. Oppenheimer Holdings has a “Outperform” rating and a $50.00 price objective on the stock.
Separately, Zacks Investment Research cut shares of Air Methods Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Air Methods Corp. presently has an average rating of “Hold” and an average 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 firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.30 and a beta of 1.47. The company’s 50 day moving average price is $32.70 and its 200-day moving average price is $35.00.
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Air Methods Corp. (NASDAQ:AIRM) last posted its earnings results on Thursday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $292.60 million for the quarter, compared to analyst estimates 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 revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Group LTD raised its stake in Air Methods Corp. by 5.5% in the first quarter. BlackRock Group LTD now owns 52,716 shares of the company’s stock worth $1,910,000 after buying an additional 2,764 shares during the period. Capstone Asset Management Co. raised its stake in Air Methods Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 11,199 shares of the company’s stock worth $401,000 after buying an additional 360 shares during the period. Clark Capital Management Group Inc. raised its stake in Air Methods Corp. by 10.3% in the first quarter. Clark Capital Management Group Inc. now owns 9,561 shares of the company’s stock worth $346,000 after buying an additional 893 shares during the period. 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 worth $16,929,000 after buying an additional 296,600 shares during the period. Finally, First National Bank of Hutchinson acquired a new stake in Air Methods Corp. during the second quarter worth about $668,000.
In other Air Methods Corp. news, insider Sharon J. Keck sold 1,300 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total transaction of $42,159.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph E. Whitters bought 2,500 shares of Air Methods Corp. stock in a transaction on Thursday, August 11th. The shares were acquired at an average price of $32.12 per share, for a total transaction of $80,300.00. The disclosure for this purchase can be found here. Corporate 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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