According to Zacks, “Air Methods Corporation provides air medical emergency transport services and systems throughout North America. The Air Medical Service Division offers their clients helicopters and airplanes equipped with medical interiors for flights from the scene of an accident or general hospital to a trauma center. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace products. “
Separately, Oppenheimer Holdings Inc. decreased 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Air Methods Corp. currently has a consensus rating of Buy and a consensus target price of $47.67.
Shares of Air Methods Corp. (NASDAQ:AIRM) opened at 31.82 on Tuesday. The firm has a 50-day moving average of $33.04 and a 200 day moving average of $35.30. Air Methods Corp. has a 52 week low of $30.57 and a 52 week high of $46.50. The firm has a market capitalization of $1.21 billion, a P/E ratio of 10.85 and a beta of 1.37.
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 the consensus estimate of $0.77 by $0.07. The firm earned $292.60 million during the quarter, compared to analyst estimates of $299.35 million. Air Methods Corp. had a net margin of 10.18% and a return on equity of 20.90%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, equities research analysts expect that Air Methods Corp. will post $3.09 EPS for the current fiscal year.
In related news, insider Sharon J. Keck sold 1,300 shares of the company’s 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph E. Whitters bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired 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.
A number of large investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Air Methods Corp. by 0.5% in the second quarter. Creative Planning now owns 2,821 shares of the company’s stock valued at $101,000 after buying an additional 15 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Air Methods Corp. by 1.3% in the second quarter. Profund Advisors LLC now owns 7,683 shares of the company’s stock valued at $275,000 after buying an additional 99 shares during the last quarter. Zacks Investment Management increased its stake in shares of Air Methods Corp. by 1.4% in the second quarter. Zacks Investment Management now owns 11,511 shares of the company’s stock valued at $412,000 after buying an additional 161 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Air Methods Corp. by 2.4% in the first quarter. Legal & General Group Plc now owns 8,910 shares of the company’s stock valued at $320,000 after buying an additional 207 shares during the last quarter. Finally, PineBridge Investments L.P. increased its stake in shares of Air Methods Corp. by 5.4% in the second quarter. PineBridge Investments L.P. now owns 4,429 shares of the company’s stock valued at $159,000 after buying an additional 226 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.
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