Wall Street brokerages expect AMN Healthcare Services, Inc. (NYSE:AMN) to announce $534.79 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for AMN Healthcare Services’ earnings, with the highest sales estimate coming in at $536.05 million and the lowest estimate coming in at $533.63 million. AMN Healthcare Services posted sales of $489.80 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The firm is scheduled to report its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that AMN Healthcare Services will report full-year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.21 billion. For the next financial year, analysts forecast that the firm will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $518.97 million. AMN Healthcare Services had a return on equity of 24.50% and a net margin of 7.11%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS.
AMN has been the subject of a number of research reports. Robert W. Baird cut 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. Zacks Investment Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Credit Suisse Group increased their target price 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 cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, SunTrust Banks increased their target price on AMN Healthcare Services to $74.00 and gave the stock a “buy” rating in a report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. AMN Healthcare Services currently has a consensus rating of “Buy” and a consensus price target of $62.10.
In related news, insider Denise L. Jackson sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $58.73, for a total value of $234,920.00. Following the completion of the sale, the insider now directly owns 22,952 shares in the company, valued at approximately $1,347,970.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Jeffrey Harris sold 19,524 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $54.38, for a total transaction of $1,061,715.12. Following the completion of the sale, the director now owns 88,189 shares of the company’s stock, valued at $4,795,717.82. The disclosure for this sale can be found here. Insiders sold a total of 55,521 shares of company stock valued at $3,044,603 in the last 90 days. 2.18% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AMN Healthcare Services by 35.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock valued at $180,000 after purchasing an additional 836 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in AMN Healthcare Services in the 4th quarter valued at about $206,000. M&T Bank Corp acquired a new stake in AMN Healthcare Services in the 4th quarter valued at about $210,000. Westover Capital Advisors LLC acquired a new stake in AMN Healthcare Services in the 1st quarter valued at about $210,000. Finally, Shelton Capital Management acquired a new stake in AMN Healthcare Services in the 4th quarter valued at about $212,000.
AMN Healthcare Services traded up $0.85, reaching $58.00, during trading hours on Monday, Marketbeat.com reports. 10,383 shares of the stock were exchanged, compared to its average volume of 534,319. The stock has a market cap of $2.73 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.38. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. AMN Healthcare Services has a 12 month low of $34.85 and a 12 month high of $68.20.
AMN Healthcare Services Company Profile
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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