Brokerages Anticipate AMN Healthcare Services Inc (NYSE:AMN) Will Post Quarterly Sales of $488.99 Million
Analysts forecast that AMN Healthcare Services Inc (NYSE:AMN) will post $488.99 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AMN Healthcare Services’ earnings. The lowest sales estimate is $488.45 million and the highest is $489.60 million. AMN Healthcare Services reported sales of $473.73 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that AMN Healthcare Services will report full year sales of $488.99 million for the current financial year, with estimates ranging from $1.99 billion to $2.02 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.15 billion per share, with estimates ranging from $2.12 billion to $2.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover AMN Healthcare Services.
AMN has been the topic of a number of recent analyst reports. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wells Fargo & Company began coverage on AMN Healthcare Services in a research report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.93.
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In other AMN Healthcare Services news, Director Mark G. Foletta sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total value of $55,065.00. Following the sale, the director now owns 6,025 shares in the company, valued at approximately $221,177.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of AMN Healthcare Services during the first quarter valued at approximately $229,289,000. Vanguard Group Inc. purchased a new position in shares of AMN Healthcare Services during the first quarter valued at about $172,667,000. Dimensional Fund Advisors LP purchased a new position in shares of AMN Healthcare Services during the first quarter valued at about $68,250,000. Bank of New York Mellon Corp purchased a new position in shares of AMN Healthcare Services during the first quarter valued at about $52,653,000. Finally, State Street Corp purchased a new position in shares of AMN Healthcare Services during the first quarter valued at about $47,957,000.
Shares of AMN Healthcare Services (NYSE AMN) traded up 0.13% during midday trading on Thursday, reaching $38.15. 412,623 shares of the company’s stock traded hands. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $44.99. The stock’s 50 day moving average price is $37.21 and its 200 day moving average price is $38.62. The firm has a market capitalization of $1.83 billion, a P/E ratio of 16.81 and a beta of 0.58.
About AMN Healthcare Services
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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