AMN Healthcare Services, Inc. (NYSE:AMN) Expected to Post Q1 2024 Earnings of $0.93 Per Share

AMN Healthcare Services, Inc. (NYSE:AMN) – Equities research analysts at Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a research report issued on Tuesday, April 16th. Zacks Research analyst D. Dey now forecasts that the company will post earnings of $0.93 per share for the quarter, down from their previous forecast of $0.94. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.90 EPS, Q3 2025 earnings at $0.82 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $4.86 EPS.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 EPS.

AMN has been the subject of several other research reports. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. JMP Securities cut their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research note on Monday, February 26th. Finally, BMO Capital Markets cut their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.25.

AMN Healthcare Services Stock Performance

Shares of AMN stock traded down $0.44 on Wednesday, hitting $56.39. The company had a trading volume of 664,550 shares, compared to its average volume of 789,167. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services has a twelve month low of $53.77 and a twelve month high of $112.44. The company has a 50-day moving average price of $62.22 and a 200-day moving average price of $69.05. The firm has a market cap of $2.14 billion, a P/E ratio of 10.74 and a beta of 0.22.

Insider Buying and Selling at AMN Healthcare Services

In related news, CEO Caroline Grace purchased 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $56.80 per share, with a total value of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares in the company, valued at $138,421.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Caroline Grace acquired 17,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Insiders bought 26,626 shares of company stock valued at $1,516,899 over the last quarter. 0.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Thompson Investment Management Inc. grew its position in AMN Healthcare Services by 6.3% in the first quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock worth $2,908,000 after acquiring an additional 2,758 shares during the period. Anderson Hoagland & Co. purchased a new position in AMN Healthcare Services in the first quarter worth approximately $2,609,000. NBC Securities Inc. grew its position in AMN Healthcare Services by 25.2% in the first quarter. NBC Securities Inc. now owns 6,443 shares of the company’s stock worth $412,000 after acquiring an additional 1,296 shares during the period. CWM LLC grew its position in AMN Healthcare Services by 2.1% in the first quarter. CWM LLC now owns 13,087 shares of the company’s stock worth $818,000 after acquiring an additional 269 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in AMN Healthcare Services in the fourth quarter worth approximately $373,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.