Brokerages Expect AMN Healthcare Services, Inc. (NYSE:AMN) Will Post Earnings of $1.40 Per Share

Analysts expect AMN Healthcare Services, Inc. (NYSE:AMN) to announce earnings of $1.40 per share for the current quarter, Zacks reports. Three analysts have issued estimates for AMN Healthcare Services’ earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.13. AMN Healthcare Services reported earnings per share of $0.83 in the same quarter last year, which suggests a positive year over year growth rate of 68.7%. The company is expected to report its next earnings results on Thursday, August 5th.

On average, analysts expect that AMN Healthcare Services will report full-year earnings of $4.92 per share for the current year, with EPS estimates ranging from $4.36 to $5.23. For the next year, analysts forecast that the firm will post earnings of $4.06 per share, with EPS estimates ranging from $3.71 to $4.44. Zacks’ EPS averages are a mean average based on a survey of analysts that follow AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, May 6th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.33. The firm had revenue of $885.90 million for the quarter, compared to analysts’ expectations of $810.32 million. AMN Healthcare Services had a net margin of 4.78% and a return on equity of 25.19%. The business’s revenue for the quarter was up 47.0% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share.

AMN has been the topic of several analyst reports. Truist increased their target price on AMN Healthcare Services from $84.00 to $95.00 in a research note on Friday, February 19th. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $86.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, May 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of AMN Healthcare Services in a report on Friday, April 9th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. AMN Healthcare Services has a consensus rating of “Buy” and a consensus target price of $75.63.

In other AMN Healthcare Services news, CFO Brian M. Scott sold 10,000 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $92.13, for a total value of $921,300.00. Following the transaction, the chief financial officer now owns 42,851 shares of the company’s stock, valued at $3,947,862.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Christopher Hagan sold 7,908 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $90.12, for a total transaction of $712,668.96. Following the completion of the transaction, the insider now directly owns 1,474 shares in the company, valued at approximately $132,836.88. The disclosure for this sale can be found here. Insiders sold a total of 46,098 shares of company stock valued at $3,963,244 over the last quarter. 0.98% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allred Capital Management LLC bought a new position in AMN Healthcare Services during the 1st quarter worth about $37,000. Point72 Hong Kong Ltd acquired a new position in shares of AMN Healthcare Services during the first quarter worth about $40,000. USA Financial Portformulas Corp bought a new position in shares of AMN Healthcare Services during the first quarter worth about $62,000. Focused Wealth Management Inc bought a new position in shares of AMN Healthcare Services during the fourth quarter worth about $61,000. Finally, Truvestments Capital LLC acquired a new stake in AMN Healthcare Services in the 4th quarter valued at approximately $72,000. 92.00% of the stock is owned by hedge funds and other institutional investors.

NYSE:AMN opened at $95.79 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.39 and a quick ratio of 1.39. AMN Healthcare Services has a 12-month low of $41.76 and a 12-month high of $96.78. The business has a fifty day moving average of $84.47. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.93 and a beta of 0.39.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, and O'Grady Peyton brands; rapid response nurse staffing and labor disruption services under the NurseChoice and HealthSource Global Staffing brands; local or per diem staffing services under Nursefinders brand; and locum tenens staffing services under the Staff Care and Locum Leaders brands.

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Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)

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