Brokerages expect that AMN Healthcare Services, Inc. (NYSE:AMN) will post earnings per share (EPS) of $0.79 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for AMN Healthcare Services’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.80. AMN Healthcare Services reported earnings per share of $0.67 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The company is expected to issue its next earnings report on Thursday, August 2nd.
On average, analysts expect that AMN Healthcare Services will report full-year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.21 to $3.28. For the next fiscal year, analysts forecast that the firm will report earnings of $3.64 per share, with EPS estimates ranging from $3.57 to $3.80. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $522.50 million for the quarter, compared to analyst estimates of $518.97 million. AMN Healthcare Services had a net margin of 7.11% and a return on equity of 24.50%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share.
A number of analysts have recently issued reports on AMN shares. Zacks Investment Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Robert W. Baird lowered AMN Healthcare Services from an “outperform” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Friday, May 4th. Credit Suisse Group increased their price objective on AMN Healthcare Services from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, April 10th. ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, SunTrust Banks increased their price objective on AMN Healthcare Services to $74.00 and gave the stock a “buy” rating in a report on Friday, April 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $64.00.
In related news, CFO Brian M. Scott sold 20,000 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the completion of the sale, the chief financial officer now directly owns 56,365 shares in the company, valued at $3,331,735.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Denise L. Jackson sold 4,000 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $58.73, for a total value of $234,920.00. Following the sale, the insider now owns 22,952 shares of the company’s stock, valued at $1,347,970.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,021 shares of company stock valued at $4,959,053. 2.18% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMN. Mount Yale Investment Advisors LLC bought a new position in AMN Healthcare Services during the first quarter valued at about $172,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AMN Healthcare Services by 35.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock valued at $180,000 after buying an additional 836 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in AMN Healthcare Services during the fourth quarter valued at about $206,000. M&T Bank Corp bought a new position in AMN Healthcare Services during the fourth quarter valued at about $210,000. Finally, Westover Capital Advisors LLC bought a new position in AMN Healthcare Services during the first quarter valued at about $210,000.
Shares of AMN stock opened at $59.10 on Tuesday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 1.40 and a beta of 0.38. AMN Healthcare Services has a 52 week low of $34.85 and a 52 week high of $68.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.95 and a current ratio of 1.95.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
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