Analysts Set Expectations for AMN Healthcare Services Inc’s Q3 2017 Earnings (AMN)
AMN Healthcare Services Inc (NYSE:AMN) – Research analysts at SunTrust Banks cut their Q3 2017 earnings estimates for AMN Healthcare Services in a note issued to investors on Friday. SunTrust Banks analyst T. Sommer now expects that the company will post earnings per share of $0.58 for the quarter, down from their previous estimate of $0.63. SunTrust Banks also issued estimates for AMN Healthcare Services’ FY2017 earnings at $2.55 EPS, Q2 2018 earnings at $0.67 EPS and Q3 2018 earnings at $0.71 EPS.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share 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 business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis.
Several other research firms also recently commented on AMN. Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective on the stock. Zacks Investment Research raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of “Buy” and a consensus target price of $45.50.
AMN Healthcare Services (NYSE:AMN) opened at 35.95 on Monday. The company has a market capitalization of $1.72 billion, a P/E 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. The firm has a 50-day moving average of $37.33 and a 200 day moving average of $38.61.
Several institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP bought a new position in AMN Healthcare Services during the first quarter worth $101,000. Meadow Creek Investment Management LLC bought a new position in AMN Healthcare Services during the first quarter worth $104,000. Bank of Montreal Can bought a new position in AMN Healthcare Services during the second quarter worth $105,000. SG Americas Securities LLC bought a new position in AMN Healthcare Services during the first quarter worth $117,000. Finally, Creative Planning bought a new position in AMN Healthcare Services during the second quarter worth $155,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.
In related news, Director Mark G. Foletta sold 1,500 shares of the business’s 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 directly owns 6,025 shares in the company, valued at approximately $221,177.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.49% 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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