Zacks Research Equities Analysts Decrease Earnings Estimates for AMN Healthcare Services, Inc. (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Equities researchers at Zacks Research cut their FY2024 EPS estimates for AMN Healthcare Services in a report released on Thursday, September 12th. Zacks Research analyst D. Dey now anticipates that the company will post earnings of $3.19 per share for the year, down from their prior estimate of $3.20. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.26 per share.

AMN has been the topic of several other reports. BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. UBS Group lowered their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. Finally, JMP Securities dropped their price target on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.83.

AMN Healthcare Services Trading Up 7.9 %

AMN opened at $47.14 on Monday. AMN Healthcare Services has a 1-year low of $42.23 and a 1-year high of $89.21. The stock has a market capitalization of $1.79 billion, a PE ratio of 12.67 and a beta of 0.12. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average price of $54.54 and a two-hundred day moving average price of $56.26.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. The company had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.38 earnings per share.

Institutional Trading of AMN Healthcare Services

A number of hedge funds have recently modified their holdings of the company. Quarry LP grew its holdings in AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Arizona State Retirement System boosted its position in shares of AMN Healthcare Services by 2.1% during the second quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after purchasing an additional 221 shares in the last quarter. Pitcairn Co. grew its holdings in shares of AMN Healthcare Services by 4.2% in the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock valued at $384,000 after buying an additional 249 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of AMN Healthcare Services by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after buying an additional 252 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About AMN Healthcare Services

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.