AMN Healthcare Services, Inc. (NYSE:AMN) – Analysts at Jefferies Financial Group upped their FY2019 EPS estimates for AMN Healthcare Services in a report issued on Thursday, November 1st. Jefferies Financial Group analyst J. Plagman now forecasts that the company will post earnings per share of $3.60 for the year, up from their prior estimate of $3.55. Jefferies Financial Group currently has a “Buy” rating and a $68.00 target price on the stock.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a net margin of 6.96% and a return on equity of 25.32%. The company had revenue of $526.84 million during the quarter, compared to the consensus estimate of $526.90 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year.
Other equities analysts also recently issued research reports about the stock. Lake Street Capital reduced their price target on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of AMN Healthcare Services in a report on Friday, August 3rd. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Berenberg Bank started coverage on shares of AMN Healthcare Services in a report on Thursday, October 4th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Zacks Investment Research raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.10.
Shares of AMN opened at $58.27 on Monday. AMN Healthcare Services has a 1 year low of $41.55 and a 1 year high of $68.20. The firm has a market cap of $2.74 billion, a PE ratio of 22.76, a PEG ratio of 1.36 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.65.
A number of institutional investors have recently modified their holdings of the business. Putnam FL Investment Management Co. raised its position in AMN Healthcare Services by 1.3% in the second quarter. Putnam FL Investment Management Co. now owns 64,167 shares of the company’s stock worth $3,760,000 after acquiring an additional 842 shares in the last quarter. Amalgamated Bank raised its position in AMN Healthcare Services by 13.4% in the second quarter. Amalgamated Bank now owns 7,699 shares of the company’s stock worth $451,000 after acquiring an additional 911 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in AMN Healthcare Services by 9.4% in the second quarter. Piedmont Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $653,000 after acquiring an additional 954 shares in the last quarter. Vident Investment Advisory LLC raised its position in AMN Healthcare Services by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 66,038 shares of the company’s stock worth $3,870,000 after acquiring an additional 990 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its position in AMN Healthcare Services by 6.9% in the third quarter. Stone Ridge Asset Management LLC now owns 17,927 shares of the company’s stock worth $981,000 after acquiring an additional 1,157 shares in the last quarter.
In related news, insider Susan R. Salka sold 11,953 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $56.49, for a total value of $675,224.97. Following the completion of the sale, the insider now owns 153,789 shares of the company’s stock, valued at $8,687,540.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.18% of the company’s stock.
AMN Healthcare Services Company Profile
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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