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. lowered their Q3 2016 earnings per share estimates for shares of Air Methods Corp. in a note issued to investors on Thursday. Feltl & Co. analyst B. Haynor now forecasts that the brokerage will earn $0.76 per share 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.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Air Methods Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Oppenheimer Holdings Inc. dropped their target price on shares of Air Methods Corp. from $58.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.67.
Shares of Air Methods Corp. (NASDAQ:AIRM) opened at 30.375 on Monday. The company has a market capitalization of $1.16 billion, a PE ratio of 10.353 and a beta of 1.47. The company has a 50-day moving average of $32.51 and a 200-day moving average of $34.92. Air Methods Corp. has a one year low of $29.50 and a one year high of $46.50.
Air Methods Corp. (NASDAQ:AIRM) last issued its quarterly earnings data 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. The business earned $292.60 million during the quarter, compared to the consensus estimate of $299.35 million. Air Methods Corp. had a return on equity of 20.90% and a net margin of 10.18%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share.
Large investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new stake in shares of Air Methods Corp. during the third quarter valued at about $282,000. 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 worth $21,279,000 after buying an additional 128,463 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in Air Methods Corp. during the second quarter worth $245,000. Schwab Charles Investment Management Inc. raised its stake in Air Methods Corp. by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 166,903 shares of the company’s stock worth $5,981,000 after buying an additional 4,800 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Air Methods Corp. by 0.6% in the second quarter. American Century Companies Inc. now owns 41,096 shares of the company’s stock worth $1,472,000 after buying an additional 228 shares during the last quarter.
In related news, insider Sharon J. Keck sold 1,300 shares of Air Methods Corp. 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph E. Whitters purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought 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. 8.99% of the stock is currently owned by insiders.
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.
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