What is Zacks Research’s Forecast for AMN FY2024 Earnings?

AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at Zacks Research cut their FY2024 EPS estimates for shares of AMN Healthcare Services in a report released on Friday, October 18th. Zacks Research analyst D. Dey now anticipates that the company will post earnings of $3.17 per share for the year, down from their previous estimate of $3.19. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.21 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2024 earnings at $0.62 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.20 EPS and Q2 2026 earnings at $1.40 EPS.

A number of other equities analysts also recently weighed in on the stock. UBS Group dropped their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. JMP Securities decreased their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday. Truist Financial cut their price target on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and an average target price of $60.17.

AMN Healthcare Services Stock Up 0.2 %

NYSE AMN opened at $39.65 on Monday. The stock’s 50 day simple moving average is $45.63 and its 200 day simple moving average is $52.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. AMN Healthcare Services has a one year low of $36.50 and a one year high of $80.22. The firm has a market cap of $1.51 billion, a PE ratio of 10.66 and a beta of 0.11.

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

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently modified their holdings of AMN. Hunter Perkins Capital Management LLC lifted its stake in AMN Healthcare Services by 16.9% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 28,365 shares of the company’s stock valued at $1,202,000 after acquiring an additional 4,095 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of AMN Healthcare Services by 5.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock worth $284,000 after purchasing an additional 337 shares in the last quarter. CWM LLC boosted its holdings in AMN Healthcare Services by 10.6% during the third quarter. CWM LLC now owns 13,894 shares of the company’s stock worth $589,000 after purchasing an additional 1,336 shares during the last quarter. Handelsbanken Fonder AB increased its stake in AMN Healthcare Services by 39.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 10,616 shares of the company’s stock valued at $450,000 after buying an additional 3,000 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in AMN Healthcare Services by 14.1% during the 3rd quarter. Park Avenue Securities LLC now owns 5,165 shares of the company’s stock worth $219,000 after buying an additional 639 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.