AMN Healthcare Services, Inc. (NYSE:AMN) to Post FY2024 Earnings of $3.19 Per Share, Zacks Research Forecasts

AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at Zacks Research cut their FY2024 earnings per share estimates for AMN Healthcare Services in a report released on Thursday, September 12th. Zacks Research analyst D. Dey now forecasts that the company will post earnings of $3.19 per share for the year, down from their prior estimate of $3.20. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.26 per share.

Other research analysts have also recently issued reports about the company. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities reduced their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a report on Tuesday, August 13th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Finally, UBS Group reduced their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Trading Down 2.3 %

AMN opened at $46.05 on Monday. AMN Healthcare Services has a 12 month low of $42.23 and a 12 month high of $89.21. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 12.38 and a beta of 0.12. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $54.48 and a 200 day moving average price of $56.19.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same period in the previous year, the firm posted $2.38 earnings per share. The company’s revenue was down 25.3% on a year-over-year basis.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Mather Group LLC. acquired a new position in AMN Healthcare Services during the 2nd quarter worth approximately $31,000. Nisa Investment Advisors LLC increased its position in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the period. Quarry LP increased its position in AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the period. Principal Securities Inc. acquired a new stake in shares of AMN Healthcare Services in the 4th quarter worth approximately $49,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About AMN Healthcare Services

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.