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. restated a buy rating on shares of Air Methods Corp. in a research note on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $47.67.
Shares of Air Methods Corp. (NASDAQ:AIRM) opened at 31.70 on Tuesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.80 and a beta of 1.37. The stock’s 50 day moving average price is $33.01 and its 200 day moving average price is $35.26. Air Methods Corp. has a one year low of $30.57 and a one year high of $46.50.
Air Methods Corp. (NASDAQ:AIRM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the 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 firm earned $292.60 million during the quarter, compared to analysts’ expectations of $299.35 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that Air Methods Corp. will post $3.09 EPS for the current fiscal year.
In related news, Director Joseph E. Whitters purchased 2,500 shares of Air Methods Corp. stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average cost of $32.12 per share, for a total transaction of $80,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $42,159.00. The disclosure for this sale can be found here. Corporate insiders own 8.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Air Methods Corp. by 120.4% in the first quarter. BlackRock Inc. now owns 2,766 shares of the company’s stock valued at $100,000 after buying an additional 1,511 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Air Methods Corp. during the second quarter valued at $100,000. Creative Planning boosted its position 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 in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Air Methods Corp. by 35.8% in the second quarter. Advisors Asset Management Inc. now owns 3,124 shares of the company’s stock valued at $112,000 after buying an additional 824 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Air Methods Corp. by 10.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,200 shares of the company’s stock valued at $115,000 after buying an additional 300 shares in 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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