Air Methods to release earnings numbers on Thursday

Air Methods to release earnings numbers on Thursday

4-Aug-2016 Source: Air Methods

Air Methods Corp. (NASDAQ:AIRM) will be posting its quarterly earnings results after the market closes on Thursday, August 4th. Analysts expect Air Methods Corp. to post earnings of $0.77 per share for the quarter.

Air Methods Corp. (NASDAQ:AIRM) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $269.40 million for the quarter, compared to the consensus estimate of $268.72 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect Air Methods Corp. to post $3.28 EPS for the current fiscal year and $3.76 EPS for the next fiscal year.

A number of research analysts have issued reports on the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Air Methods Corp. in a report on Wednesday, June 1st. Zacks Investment Research raised shares of Air Methods Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, April 26th. Finally, TheStreet cut shares of Air Methods Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.33.

Air Methods Corp. (NASDAQ:AIRM) traded up 3.198% on Wednesday, hitting $32.105. 299,992 shares of the company’s stock traded hands. Air Methods Corp. has a one year low of $30.57 and a one year high of $46.50. The stock has a market cap of $1.23 billion and a PE ratio of 11.021. The stock has a 50-day moving average of $36.05 and a 200-day moving average of $36.84.

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