AMN Healthcare Services, Inc. (NYSE:AMN – Free Report) – Zacks Research dropped their Q3 2023 earnings estimates for AMN Healthcare Services in a report released on Wednesday, August 16th. Zacks Research analyst D. Dey now expects that the company will earn $1.66 per share for the quarter, down from their previous estimate of $1.81. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $8.12 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2023 earnings at $1.59 EPS, FY2023 earnings at $8.12 EPS, Q2 2024 earnings at $1.86 EPS, Q4 2024 earnings at $1.33 EPS, FY2024 earnings at $6.33 EPS and Q2 2025 earnings at $1.99 EPS.
AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.14 by $0.24. AMN Healthcare Services had a net margin of 7.29% and a return on equity of 42.90%. The firm had revenue of $991.30 million during the quarter, compared to the consensus estimate of $988.32 million. During the same period in the prior year, the firm posted $3.31 earnings per share. The company’s quarterly revenue was down 30.5% compared to the same quarter last year.
A number of other equities analysts also recently issued reports on the stock. Robert W. Baird decreased their price target on shares of AMN Healthcare Services from $111.00 to $100.00 in a research note on Friday, May 5th. Truist Financial increased their price target on shares of AMN Healthcare Services from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. StockNews.com began coverage on shares of AMN Healthcare Services in a research note on Thursday. They set a “hold” rating for the company. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $114.00 to $106.00 and set an “outperform” rating for the company in a research note on Monday, August 7th. Finally, Bank of America downgraded shares of AMN Healthcare Services from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $104.00 in a research note on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.17.
Get Our Latest Stock Report on AMN Healthcare Services
AMN Healthcare Services Price Performance
AMN stock opened at $87.80 on Friday. AMN Healthcare Services has a 1 year low of $81.15 and a 1 year high of $129.04. The company has a market cap of $3.34 billion, a P/E ratio of 11.63, a PEG ratio of 3.35 and a beta of 0.37. The firm has a 50-day moving average of $104.03 and a 200 day moving average of $95.38. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.20 and a quick ratio of 1.20.
Insiders Place Their Bets
In other news, Director Daphne E. Jones sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $109.57, for a total transaction of $109,570.00. Following the sale, the director now directly owns 7,799 shares in the company, valued at approximately $854,536.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.77% of the company’s stock.
Hedge Funds Weigh In On AMN Healthcare Services
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management boosted its stake in shares of AMN Healthcare Services by 1,615.0% during the 1st quarter. Spire Wealth Management now owns 343 shares of the company’s stock worth $28,000 after purchasing an additional 323 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of AMN Healthcare Services by 1,326.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the company’s stock valued at $30,000 after purchasing an additional 252 shares in the last quarter. Money Concepts Capital Corp bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in AMN Healthcare Services during the 1st quarter worth approximately $34,000. Finally, Elkhorn Partners Limited Partnership purchased a new stake in shares of AMN Healthcare Services in the 1st quarter valued at $41,000. 96.35% of the stock is owned by hedge funds and other institutional investors.
About AMN Healthcare Services
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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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