Zacks: Brokerages Anticipate AMN Healthcare Services Inc (AMN) Will Post Quarterly Sales of $494.07 Million
Wall Street brokerages forecast that AMN Healthcare Services Inc (NYSE:AMN) will post $494.07 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for AMN Healthcare Services’ earnings, with estimates ranging from $493.37 million to $494.80 million. AMN Healthcare Services posted sales of $472.64 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The company is scheduled to report its next earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that AMN Healthcare Services will report full year sales of $494.07 million for the current year. For the next year, analysts expect that the firm will report sales of $2.12 billion per share, with estimates ranging from $2.11 billion to $2.13 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $489.79 million. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 3.4% on a year-over-year basis.
Several research firms have weighed in on AMN. Zacks Investment Research cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Benchmark Co. restated a “buy” rating and issued a $52.00 price objective (up previously from $47.00) on shares of AMN Healthcare Services in a research report on Wednesday. Finally, BMO Capital Markets restated a “buy” rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.83.
Shares of AMN Healthcare Services (NYSE AMN) opened at 42.50 on Friday. The company’s 50-day moving average is $41.70 and its 200-day moving average is $38.89. AMN Healthcare Services has a 12 month low of $26.00 and a 12 month high of $46.60. The stock has a market capitalization of $2.04 billion, a PE ratio of 17.93 and a beta of 0.45.
In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the completion of the sale, the insider now owns 31,772 shares in the company, valued at approximately $1,461,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.49% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AMN. BlackRock Inc. acquired a new stake in AMN Healthcare Services in the 1st quarter valued at about $229,289,000. Vanguard Group Inc. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $172,667,000. Dimensional Fund Advisors LP acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $68,250,000. State Street Corp acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $47,957,000. Finally, Hermes Investment Management Ltd. acquired a new stake in shares of AMN Healthcare Services during the 2nd quarter worth approximately $41,404,000.
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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