Zacks: Brokerages Expect AMN Healthcare Services, Inc. (NYSE:AMN) Will Post Earnings of $0.70 Per Share

Equities research analysts expect AMN Healthcare Services, Inc. (NYSE:AMN) to post earnings of $0.70 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AMN Healthcare Services’ earnings, with estimates ranging from $0.69 to $0.71. AMN Healthcare Services reported earnings per share of $0.83 in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.7%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that AMN Healthcare Services will report full year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.96 to $3.03. For the next year, analysts expect that the business will report earnings of $3.46 per share, with EPS estimates ranging from $3.33 to $3.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. AMN Healthcare Services had a return on equity of 24.75% and a net margin of 6.21%. The firm had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Several equities research analysts recently weighed in on AMN shares. Benchmark set a $66.00 target price on AMN Healthcare Services and gave the company a “buy” rating in a report on Thursday, March 28th. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$36.00 target price on shares of NFI Group in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. AMN Healthcare Services currently has a consensus rating of “Buy” and an average target price of $65.88.

Shares of AMN traded up $0.44 during midday trading on Friday, reaching $55.18. The stock had a trading volume of 8,919 shares, compared to its average volume of 258,700. The firm has a market capitalization of $2.56 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. AMN Healthcare Services has a 12-month low of $45.04 and a 12-month high of $65.81. The business has a 50-day moving average price of $52.56. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.88.

In related news, Director Andrew M. Stern sold 4,668 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.09, for a total transaction of $243,156.12. Following the completion of the transaction, the director now owns 4,168 shares in the company, valued at approximately $217,111.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Jeffrey Harris sold 10,490 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.01, for a total transaction of $545,584.90. Following the transaction, the director now owns 55,890 shares of the company’s stock, valued at approximately $2,906,838.90. The disclosure for this sale can be found here. Insiders have sold a total of 60,511 shares of company stock valued at $3,120,814 over the last 90 days. 2.07% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in AMN. Icon Wealth Partners LLC acquired a new stake in AMN Healthcare Services in the 1st quarter valued at about $26,000. Financial Architects Inc acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $32,000. Rehmann Capital Advisory Group increased its holdings in shares of AMN Healthcare Services by 64.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 679 shares of the company’s stock worth $32,000 after buying an additional 265 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of AMN Healthcare Services by 205.4% during the 1st quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock worth $34,000 after buying an additional 497 shares during the last quarter. Finally, Claybrook Capital LLC acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $40,000. Institutional investors own 96.78% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 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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