Research Analysts Set Expectations for AMN Q4 Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) – Analysts at William Blair lowered their Q4 2024 EPS estimates for AMN Healthcare Services in a report released on Friday, November 8th. William Blair analyst T. Romeo now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.61. William Blair has a “Market Perform” rating on the stock. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.15 per share.

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

AMN has been the subject of several other research reports. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JMP Securities reduced their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and a consensus target price of $57.60.

AMN Healthcare Services Trading Down 29.0 %

Shares of NYSE:AMN opened at $29.05 on Monday. The firm has a fifty day moving average of $42.13 and a two-hundred day moving average of $50.96. The firm has a market capitalization of $1.10 billion, a P/E ratio of 11.22 and a beta of 0.13. AMN Healthcare Services has a 12-month low of $28.16 and a 12-month high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth about $31,000. Nisa Investment Advisors LLC increased its holdings in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC increased its holdings in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after purchasing an additional 811 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth about $65,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insiders Place Their Bets

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at $1,385,595. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.93% of the company’s stock.

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.