Zacks Research Issues Pessimistic Forecast for AMN Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of AMN Healthcare Services in a report issued on Thursday, November 28th. Zacks Research analyst D. Dey now expects that the company will earn $3.07 per share for the year, down from their previous forecast of $3.17. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.07 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2024 earnings at $0.51 EPS.

A number of other research analysts have also issued reports on AMN. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $65.00 to $48.00 in a research report on Monday, October 7th. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. UBS Group decreased their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets cut their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, Jefferies Financial Group reduced their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $26.03 on Monday. The company has a 50 day moving average price of $35.61 and a 200-day moving average price of $47.41. The firm has a market cap of $990.96 million, a price-to-earnings ratio of 18.86 and a beta of 0.13. AMN Healthcare Services has a 1-year low of $23.37 and a 1-year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the prior year, the company earned $1.97 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMN. Truvestments Capital LLC acquired a new stake in AMN Healthcare Services during the third quarter worth about $30,000. Mather Group LLC. purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at approximately $31,000. Nisa Investment Advisors LLC lifted its holdings in AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares during the last quarter. GAMMA Investing LLC grew its position in AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after acquiring an additional 811 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. This represents a 6.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is owned by insiders.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.