Air Methods Corp (AIRM) Releases Earnings Results, Beats Expectations By $0.05 EPS

Air Methods Corp (AIRM) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.45. The company posted revenue of $269.40 million in the period, compared to analysts expectations of $267.40 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Air Methods Corp opened for trading at $36.13 and hit $37.14 on the upside on Wednesday, eventually ending the session at $36.38, with a gain of 0.36% or 0.13 points. The heightened volatility saw the trading volume jump to 2,79,518 shares. Company has a market cap of $1,411 M.

In a different news, on Mar 7, 2016, Sharon J Keck (Chief Acctg Officer) sold 5,500 shares at $39.81 per share price. According to the SEC, on Dec 15, 2015, George W Belsey (director) sold 13,733 shares at $41.97 per share price. On Dec 7, 2015, Morad Tahbaz (director) sold 35,340 shares at $44.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company operates through divisions including Air Medical Services Tourism Division and United Rotorcraft Division. As of December 31 2014 the Company’s Air Medical Services Division provided air medical transportation services in 41 states to the general population as an independent service (also called community-based services) and to hospitals or other institutions (also called hospital-based services). It transports persons requiring intensive medical care from either the scene of an accident or general care hospitals to skilled trauma centers or tertiary care centers. Its Tourism Division provides helicopter tours and charter flights primarily focusing on Grand Canyon and Hawaiian Island tours. Its United Rotorcraft Division designs manufactures and installs aircraft medical interiors and other aerospace or medical transport products.

Air Methods Corp

Leave a Reply

Air Methods Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Air Methods Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.