$0.60 Earnings Per Share Expected for AMN Healthcare Services Inc (NYSE:AMN) This Quarter
Equities research analysts expect AMN Healthcare Services Inc (NYSE:AMN) to announce $0.60 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for AMN Healthcare Services’ earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.59. AMN Healthcare Services posted earnings of $0.61 per share in the same quarter last year, which would suggest a negative year over year growth rate of 1.6%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that AMN Healthcare Services will report full-year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.54. For the next financial year, analysts forecast that the company will report earnings of $2.78 per share, with EPS estimates ranging from $2.73 to $2.81. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow AMN Healthcare Services.
A number of analysts have weighed in on AMN shares. Zacks Investment Research downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company started coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price target for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AMN Healthcare Services presently has an average rating of “Buy” and a consensus price target of $45.93.
Shares of AMN Healthcare Services (AMN) opened at 38.075 on Tuesday. The company’s 50 day moving average is $37.14 and its 200-day moving average is $38.61. AMN Healthcare Services has a 12 month low of $26.00 and a 12 month high of $44.99. The company has a market cap of $1.82 billion, a P/E ratio of 16.773 and a beta of 0.57.
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In other news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total value of $55,065.00. Following the completion of the transaction, the director now owns 6,025 shares in the company, valued at approximately $221,177.75. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.49% of the company’s stock.
Several institutional investors have recently made changes to their positions in AMN. Tributary Capital Management LLC boosted its position in shares of AMN Healthcare Services by 11.6% in the second quarter. Tributary Capital Management LLC now owns 465,911 shares of the company’s stock worth $18,194,000 after buying an additional 48,478 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in shares of AMN Healthcare Services during the second quarter worth about $41,404,000. Thomson Horstmann & Bryant Inc. acquired a new position in shares of AMN Healthcare Services during the second quarter worth about $643,000. Torch Wealth Management LLC acquired a new position in shares of AMN Healthcare Services during the second quarter worth about $631,000. Finally, Dubuque Bank & Trust Co. acquired a new position in shares of AMN Healthcare Services during the second quarter worth about $262,000.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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