William Blair Comments on AMN Healthcare Services Inc’s Q1 2018 Earnings (AMN)
AMN Healthcare Services Inc (NYSE:AMN) – Equities researchers at William Blair issued their Q1 2018 earnings per share estimates for shares of AMN Healthcare Services in a research report issued on Wednesday. William Blair analyst T. Mchugh expects that the company will post earnings per share of $0.68 for the quarter. William Blair also issued estimates for AMN Healthcare Services’ Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.68 EPS and Q4 2018 earnings at $0.70 EPS.
AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The business had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year.
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A number of other analysts have also recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $43.00 price target on shares of AMN Healthcare Services in a research report on Friday, September 1st. ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. 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 price target for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.83.
AMN Healthcare Services (NYSE AMN) traded down 0.26% during midday trading on Friday, hitting $38.70. The stock had a trading volume of 156,959 shares. The stock has a market cap of $1.86 billion, a P/E ratio of 16.33 and a beta of 0.47. The company’s 50-day moving average price is $37.50 and its 200 day moving average price is $38.52. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $43.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new position in AMN Healthcare Services during the first quarter valued at about $17,056,000. Bank of New York Mellon Corp bought a new position in AMN Healthcare Services during the first quarter valued at about $52,653,000. Vanguard Group Inc. bought a new position in AMN Healthcare Services during the first quarter valued at about $172,667,000. Texas Permanent School Fund bought a new position in AMN Healthcare Services during the first quarter valued at about $1,403,000. Finally, Origin Asset Management LLP bought a new position in AMN Healthcare Services during the first quarter valued at about $11,470,000. 99.95% of the stock is owned by institutional investors and hedge funds.
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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