AMN Healthcare Services, Inc. (NYSE:AMN) Forecasted to Post Q1 2024 Earnings of $0.93 Per Share

AMN Healthcare Services, Inc. (NYSE:AMN) – Zacks Research lowered their Q1 2024 earnings per share estimates for AMN Healthcare Services in a research note issued on Tuesday, April 16th. Zacks Research analyst D. Dey now expects that the company will earn $0.93 per share for the quarter, down from their previous estimate of $0.94. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.90 EPS, Q3 2025 earnings at $0.82 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $4.86 EPS.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company’s revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 EPS.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, JMP Securities cut their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.25.

AMN Healthcare Services Trading Down 0.8 %

Shares of AMN stock opened at $56.39 on Wednesday. AMN Healthcare Services has a 1-year low of $53.77 and a 1-year high of $112.44. The firm has a market cap of $2.14 billion, a PE ratio of 10.66 and a beta of 0.22. The company has a 50-day moving average of $61.50 and a two-hundred day moving average of $68.77. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently bought and sold shares of the business. Boston Partners raised its holdings in AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after purchasing an additional 1,461,541 shares in the last quarter. Holocene Advisors LP purchased a new position in shares of AMN Healthcare Services during the second quarter worth about $92,796,000. Pacer Advisors Inc. lifted its holdings in shares of AMN Healthcare Services by 145.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after purchasing an additional 828,390 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of AMN Healthcare Services by 3,287.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock valued at $47,359,000 after purchasing an additional 539,576 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of AMN Healthcare Services by 1,181.5% in the 1st quarter. Renaissance Technologies LLC now owns 540,800 shares of the company’s stock valued at $56,422,000 after purchasing an additional 498,600 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Activity

In related news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Caroline Grace acquired 17,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jorge A. Caballero acquired 2,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the acquisition, the director now directly owns 2,437 shares in the company, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 26,626 shares of company stock worth $1,516,899. Corporate insiders own 0.93% 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. 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.