AMN Healthcare Services, Inc. (AMN) Expected to Post Earnings of $0.79 Per Share

Brokerages predict that AMN Healthcare Services, Inc. (NYSE:AMN) will report $0.79 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for AMN Healthcare Services’ earnings. The highest EPS estimate is $0.80 and the lowest is $0.78. AMN Healthcare Services reported earnings per share of $0.67 during the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that AMN Healthcare Services will report full year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.21 to $3.28. For the next fiscal year, analysts anticipate that the company will post earnings of $3.64 per share, with EPS estimates ranging from $3.57 to $3.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 3rd. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. AMN Healthcare Services had a return on equity of 24.50% and a net margin of 7.11%. The business had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $518.97 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.

A number of research analysts recently weighed in on AMN shares. Robert W. Baird lowered AMN Healthcare Services from an “outperform” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Friday, May 4th. Zacks Investment Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Credit Suisse Group upped their price objective on AMN Healthcare Services from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, April 10th. ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, SunTrust Banks upped their price objective on AMN Healthcare Services to $74.00 and gave the stock a “buy” rating in a report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. AMN Healthcare Services has a consensus rating of “Buy” and an average price target of $62.10.

AMN Healthcare Services traded up $0.85, reaching $58.00, on Friday, MarketBeat.com reports. 10,383 shares of the company’s stock were exchanged, compared to its average volume of 534,319. AMN Healthcare Services has a twelve month low of $34.85 and a twelve month high of $68.20. The firm has a market capitalization of $2.73 billion, a PE ratio of 22.65, a P/E/G ratio of 1.35 and a beta of 0.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.95 and a quick ratio of 1.95.

In other AMN Healthcare Services news, Director R Jeffrey Harris sold 19,524 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $54.38, for a total value of $1,061,715.12. Following the sale, the director now owns 88,189 shares of the company’s stock, valued at $4,795,717.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise L. Jackson sold 4,000 shares of the company’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $58.73, for a total value of $234,920.00. Following the completion of the sale, the insider now directly owns 22,952 shares in the company, valued at approximately $1,347,970.96. The disclosure for this sale can be found here. Insiders sold 55,521 shares of company stock worth $3,044,603 in the last three months. 2.18% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AMN Healthcare Services by 35.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock valued at $180,000 after purchasing an additional 836 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in AMN Healthcare Services in the fourth quarter valued at $206,000. M&T Bank Corp acquired a new stake in AMN Healthcare Services in the fourth quarter valued at $210,000. Westover Capital Advisors LLC acquired a new stake in AMN Healthcare Services in the first quarter valued at $210,000. Finally, Shelton Capital Management acquired a new stake in AMN Healthcare Services in the fourth quarter valued at $212,000.

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

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