Wall Street analysts expect that AMN Healthcare Services, Inc. (NYSE:AMN) will report sales of $539.25 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for AMN Healthcare Services’ earnings. The highest sales estimate is $539.88 million and the lowest is $538.80 million. AMN Healthcare Services posted sales of $509.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The firm is expected to issue its next earnings results on Thursday, February 21st.
On average, analysts expect that AMN Healthcare Services will report full year sales of $2.15 billion for the current fiscal year. For the next fiscal year, analysts expect that the business will report sales of $2.23 billion, with estimates ranging from $2.21 billion to $2.24 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. The company had revenue of $526.84 million during the quarter, compared to the consensus estimate of $526.90 million. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS.
A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their price target on AMN Healthcare Services from $61.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, December 24th. Berenberg Bank started coverage on AMN Healthcare Services in a research report on Thursday, October 4th. They set a “buy” rating and a $70.00 price target for the company. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Finally, Stephens initiated coverage on AMN Healthcare Services in a report on Tuesday, October 2nd. They issued an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. AMN Healthcare Services presently has an average rating of “Buy” and an average target price of $65.44.
NYSE:AMN traded down $0.27 during midday trading on Friday, hitting $60.56. 8,378 shares of the company traded hands, compared to its average volume of 492,337. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.58. AMN Healthcare Services has a 12-month low of $47.05 and a 12-month high of $68.20. The firm has a market capitalization of $2.78 billion, a PE ratio of 23.63, a PEG ratio of 1.31 and a beta of 0.69.
In related news, insider Susan R. Salka sold 11,953 shares of AMN Healthcare Services stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $56.49, for a total value of $675,224.97. Following the completion of the transaction, the insider now directly owns 153,789 shares in the company, valued at $8,687,540.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise L. Jackson sold 2,800 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $64.48, for a total value of $180,544.00. Following the completion of the transaction, the insider now owns 20,152 shares of the company’s stock, valued at $1,299,400.96. The disclosure for this sale can be found here. Insiders sold a total of 71,805 shares of company stock worth $4,271,455 over the last ninety days. Corporate insiders own 2.18% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new position in AMN Healthcare Services during the 3rd quarter worth approximately $159,000. Tower Research Capital LLC TRC raised its position in AMN Healthcare Services by 109.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock worth $191,000 after purchasing an additional 1,705 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in AMN Healthcare Services in the third quarter worth about $200,000. Truvestments Capital LLC acquired a new position in AMN Healthcare Services in the second quarter worth about $218,000. Finally, MML Investors Services LLC bought a new stake in AMN Healthcare Services during the third quarter worth about $263,000.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The company operates through the following segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing and Physician Permanent Placement Services.
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