Amn Healthcare Services Inc (AMN) Expected to Announce Earnings of $0.79 Per Share

Wall Street analysts forecast that Amn Healthcare Services Inc (NYSE:AMN) will post earnings per share (EPS) of $0.79 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Amn Healthcare Services’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.78. Amn Healthcare Services posted earnings of $0.63 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Amn Healthcare Services will report full-year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.50. For the next year, analysts expect that the business will post earnings of $3.80 per share, with EPS estimates ranging from $3.72 to $3.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Amn Healthcare Services.

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Amn Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $509.10 million during the quarter, compared to analyst estimates of $501.64 million. Amn Healthcare Services had a return on equity of 24.26% and a net margin of 6.67%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS.

AMN has been the subject of several recent research reports. Zacks Investment Research lowered Amn Healthcare Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine raised Amn Healthcare Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Benchmark reaffirmed a “buy” rating and set a $60.00 target price (up from $52.00) on shares of Amn Healthcare Services in a research report on Monday, January 8th. BMO Capital Markets upped their target price on Amn Healthcare Services to $59.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $61.00 target price (up from $50.00) on shares of Amn Healthcare Services in a research report on Friday, February 16th. Eleven investment analysts have rated the stock with a buy rating, Amn Healthcare Services has an average rating of “Buy” and a consensus price target of $64.20.

Shares of AMN traded down $0.10 during trading hours on Wednesday, hitting $66.90. The company had a trading volume of 11,803 shares, compared to its average volume of 492,960. The firm has a market cap of $3,193.11, a price-to-earnings ratio of 26.17, a PEG ratio of 1.52 and a beta of 0.41. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Amn Healthcare Services has a one year low of $34.71 and a one year high of $67.55.

In related news, insider Ralph Henderson sold 8,219 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $427,388.00. Following the transaction, the insider now directly owns 30,052 shares of the company’s stock, valued at approximately $1,562,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian M. Scott sold 6,366 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $55.15, for a total value of $351,084.90. Following the transaction, the chief financial officer now directly owns 62,987 shares in the company, valued at $3,473,733.05. The disclosure for this sale can be found here. Insiders have sold a total of 36,616 shares of company stock worth $2,002,501 over the last ninety days. 2.18% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new stake in Amn Healthcare Services during the 4th quarter valued at about $206,000. Creative Planning purchased a new stake in Amn Healthcare Services during the 4th quarter valued at about $209,000. M&T Bank Corp purchased a new stake in Amn Healthcare Services during the 4th quarter valued at about $210,000. Shelton Capital Management purchased a new stake in Amn Healthcare Services during the 4th quarter valued at about $212,000. Finally, Polen Capital Management LLC purchased a new stake in Amn Healthcare Services during the 4th quarter valued at about $223,000.

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About Amn Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

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Earnings History and Estimates for Amn Healthcare Services (NYSE:AMN)

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