Zacks Research Issues Pessimistic Forecast for AMN Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) – Investment analysts at Zacks Research lowered their FY2024 earnings estimates for AMN Healthcare Services in a research note issued on Friday, October 18th. Zacks Research analyst D. Dey now forecasts that the company will post earnings per share of $3.17 for the year, down from their prior estimate of $3.19. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.21 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2024 earnings at $0.62 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.20 EPS and Q2 2026 earnings at $1.40 EPS.

AMN has been the subject of several other reports. BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Truist Financial dropped their price target on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. JMP Securities restated a “market outperform” rating and issued a $66.00 price objective on shares of AMN Healthcare Services in a research report on Friday, October 4th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.67.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $39.59 on Monday. The company has a 50-day moving average of $45.89 and a two-hundred day moving average of $52.80. The stock has a market cap of $1.50 billion, a P/E ratio of 10.64 and a beta of 0.11. AMN Healthcare Services has a 12-month low of $36.50 and a 12-month high of $80.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

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

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently added to or reduced their stakes in AMN. Hunter Perkins Capital Management LLC increased its stake in shares of AMN Healthcare Services by 16.9% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 28,365 shares of the company’s stock valued at $1,202,000 after acquiring an additional 4,095 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in AMN Healthcare Services by 5.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,708 shares of the company’s stock valued at $284,000 after purchasing an additional 337 shares during the period. CWM LLC grew its holdings in AMN Healthcare Services by 10.6% in the third quarter. CWM LLC now owns 13,894 shares of the company’s stock valued at $589,000 after purchasing an additional 1,336 shares during the period. Handelsbanken Fonder AB increased its position in AMN Healthcare Services by 39.4% during the third quarter. Handelsbanken Fonder AB now owns 10,616 shares of the company’s stock worth $450,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in AMN Healthcare Services by 14.1% during the third quarter. Park Avenue Securities LLC now owns 5,165 shares of the company’s stock worth $219,000 after purchasing an additional 639 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.