AMN Healthcare Services Inc Expected to Earn Q3 2017 Earnings of $0.61 Per Share (NYSE:AMN)
AMN Healthcare Services Inc (NYSE:AMN) – Equities researchers at William Blair lowered their Q3 2017 earnings per share (EPS) estimates for AMN Healthcare Services in a research report issued on Thursday. William Blair analyst T. Mchugh now anticipates that the company will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.62. William Blair also issued estimates for AMN Healthcare Services’ Q4 2017 earnings at $0.62 EPS.
AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The firm had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $489.79 million. During the same quarter last year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Wells Fargo & Company began coverage on shares of AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.50.
AMN Healthcare Services (NYSE AMN) opened at 35.95 on Monday. The firm’s 50 day moving average is $37.33 and its 200 day moving average is $38.61. The company has a market cap of $1.72 billion, a PE ratio of 15.84 and a beta of 0.56. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $44.99.
In related news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total transaction of $55,065.00. Following the transaction, the director now owns 6,025 shares in the company, valued at $221,177.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.49% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP acquired a new position in AMN Healthcare Services during the first quarter valued at $101,000. Meadow Creek Investment Management LLC acquired a new position in AMN Healthcare Services during the first quarter valued at $104,000. Bank of Montreal Can acquired a new position in AMN Healthcare Services during the second quarter valued at $105,000. SG Americas Securities LLC acquired a new position in AMN Healthcare Services during the first quarter valued at $117,000. Finally, Creative Planning acquired a new position in AMN Healthcare Services during the second quarter valued at $155,000. Institutional investors and hedge funds own 99.95% of the company’s stock.
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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