$575.50 Million in Sales Expected for AMN Healthcare Services, Inc. (NYSE:AMN) This Quarter

Wall Street analysts expect AMN Healthcare Services, Inc. (NYSE:AMN) to post $575.50 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for AMN Healthcare Services’ earnings, with the highest sales estimate coming in at $577.24 million and the lowest estimate coming in at $572.77 million. AMN Healthcare Services posted sales of $528.64 million in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The firm is scheduled to issue its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that AMN Healthcare Services will report full-year sales of $2.21 billion for the current financial year. For the next year, analysts anticipate that the company will post sales of $2.38 billion, with estimates ranging from $2.36 billion to $2.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.08. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%. The firm had revenue of $567.60 million for the quarter, compared to the consensus estimate of $562.69 million. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.

Several analysts have issued reports on AMN shares. ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets set a $60.00 price target on AMN Healthcare Services and gave the company a “buy” rating in a research note on Wednesday, August 7th. William Blair restated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, September 20th. Zacks Investment Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Monday, August 19th. Finally, Benchmark set a $65.00 price objective on AMN Healthcare Services and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $67.40.

In other news, CEO Susan R. Salka sold 18,156 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $60.19, for a total value of $1,092,809.64. Following the completion of the transaction, the chief executive officer now owns 131,555 shares in the company, valued at approximately $7,918,295.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. E. Johns sold 2,659 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.88, for a total value of $159,220.92. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $2,395,200. The disclosure for this sale can be found here. Insiders sold a total of 41,333 shares of company stock valued at $2,486,236 in the last 90 days. 2.07% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AMN. SG Capital Management LLC bought a new position in AMN Healthcare Services during the second quarter worth about $50,808,000. Intrinsic Edge Capital Management LLC bought a new position in AMN Healthcare Services during the second quarter worth about $20,779,000. Nuveen Asset Management LLC grew its holdings in AMN Healthcare Services by 87.9% during the second quarter. Nuveen Asset Management LLC now owns 747,056 shares of the company’s stock worth $40,528,000 after purchasing an additional 349,392 shares during the period. Wells Fargo & Company MN grew its holdings in AMN Healthcare Services by 33.8% during the second quarter. Wells Fargo & Company MN now owns 780,003 shares of the company’s stock worth $42,315,000 after purchasing an additional 196,886 shares during the period. Finally, Morgan Stanley grew its holdings in AMN Healthcare Services by 438.8% during the second quarter. Morgan Stanley now owns 221,464 shares of the company’s stock worth $12,015,000 after purchasing an additional 180,358 shares during the period. Institutional investors and hedge funds own 99.22% of the company’s stock.

Shares of AMN traded down $0.05 during midday trading on Wednesday, hitting $59.42. The stock had a trading volume of 209,700 shares, compared to its average volume of 394,641. The company has a 50 day simple moving average of $59.02 and a two-hundred day simple moving average of $55.31. AMN Healthcare Services has a twelve month low of $45.04 and a twelve month high of $65.81. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.55 and a beta of 0.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 1.47.

About AMN Healthcare Services

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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