AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) – Equities research analysts at Zacks Research lowered their FY2023 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a research note issued to investors on Thursday, August 24th. Zacks Research analyst D. Dey now anticipates that the company will post earnings per share of $8.10 for the year, down from their prior forecast of $8.12. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $8.09 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2023 earnings at $1.58 EPS, Q1 2024 earnings at $1.61 EPS, Q2 2024 earnings at $1.72 EPS, FY2024 earnings at $6.30 EPS, Q1 2025 earnings at $2.22 EPS and FY2025 earnings at $6.90 EPS.
Several other equities research analysts have also weighed in on AMN. BMO Capital Markets cut their target price on AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Credit Suisse Group cut their target price on AMN Healthcare Services from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Truist Financial raised their target price on AMN Healthcare Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. StockNews.com assumed coverage on AMN Healthcare Services in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Robert W. Baird cut their price target on AMN Healthcare Services from $111.00 to $100.00 in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services presently has an average rating of “Moderate Buy” and an average target price of $112.17.
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AMN Healthcare Services Price Performance
AMN stock opened at $88.38 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.20 and a quick ratio of 1.20. AMN Healthcare Services has a 1 year low of $81.15 and a 1 year high of $129.04. The firm has a market capitalization of $3.36 billion, a P/E ratio of 11.71, a P/E/G ratio of 3.25 and a beta of 0.37. The business’s 50-day moving average is $102.11 and its two-hundred day moving average is $95.00.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.24. The company had revenue of $991.30 million for the quarter, compared to analyst estimates of $988.32 million. AMN Healthcare Services had a return on equity of 42.90% and a net margin of 7.29%. AMN Healthcare Services’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 EPS.
Institutional Trading of AMN Healthcare Services
Several large investors have recently bought and sold shares of AMN. Spire Wealth Management grew its holdings in AMN Healthcare Services by 1,615.0% in the first quarter. Spire Wealth Management now owns 343 shares of the company’s stock valued at $28,000 after purchasing an additional 323 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in AMN Healthcare Services by 1,326.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the company’s stock valued at $30,000 after purchasing an additional 252 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of AMN Healthcare Services in the first quarter valued at $34,000. Finally, Elkhorn Partners Limited Partnership purchased a new stake in shares of AMN Healthcare Services in the first quarter valued at $41,000. Institutional investors and hedge funds own 96.35% of the company’s stock.
Insider Buying and Selling
In related news, Director Daphne E. Jones sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $109.57, for a total transaction of $109,570.00. Following the transaction, the director now owns 7,799 shares of the company’s stock, valued at $854,536.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by corporate insiders.
AMN Healthcare Services Company Profile
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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.
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