Air Methods Corp. (NASDAQ:AIRM) – Equities research analysts at KeyCorp reduced their Q3 2016 earnings per share (EPS) estimates for Air Methods Corp. in a report issued on Thursday. KeyCorp analyst J. Gurda now forecasts that the firm will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.18. KeyCorp also issued estimates for Air Methods Corp.’s FY2016 earnings at $3.12 EPS.
Air Methods Corp. (NASDAQ:AIRM) last posted its quarterly earnings data 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 net margin of 10.18% and a return on equity of 20.90%. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $299.35 million. During the same quarter in the prior year, the business earned $0.69 EPS. Air Methods Corp.’s revenue was up 11.0% compared to the same quarter last year.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Air Methods Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. Oppenheimer Holdings Inc. dropped their price objective on shares of 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 analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. 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 Friday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 10.30 and a beta of 1.47. Air Methods Corp. has a 1-year low of $29.70 and a 1-year high of $46.50. The company’s 50 day moving average is $32.70 and its 200-day moving average is $35.00.
In other Air Methods Corp. news, Director Joseph E. Whitters bought 2,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average price of $32.12 per share, with a total value of $80,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sharon J. Keck sold 1,300 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $32.43, for a total transaction of $42,159.00. The disclosure for this sale can be found here. 8.99% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Aperio Group LLC raised its position in Air Methods Corp. by 21.4% in the first quarter. Aperio Group LLC now owns 8,265 shares of the company’s stock worth $299,000 after buying an additional 1,455 shares during the period. Nisa Investment Advisors L.L.C. purchased a new position in Air Methods Corp. during the first quarter worth approximately $380,000. Ngam Advisors L.P. raised its position in Air Methods Corp. by 5.6% in the first quarter. Ngam Advisors L.P. now owns 10,884 shares of the company’s stock worth $394,000 after buying an additional 581 shares during the period. Prudential Financial Inc. raised its position in Air Methods Corp. by 10.0% in the first quarter. Prudential Financial Inc. now owns 91,660 shares of the company’s stock worth $3,320,000 after buying an additional 8,366 shares during the period. Finally, BlackRock Inc. raised 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 period.
About Air Methods Corp.