AMN Healthcare Services Inc (AMN) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
AMN Healthcare Services Inc (NYSE:AMN) announced its quarterly earnings data on Thursday. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03, Bloomberg Earnings reports. The business had revenue of $494.41 million for the quarter, compared to analyst estimates of $493.89 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS.
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AMN has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and set a $43.00 target price on shares of AMN Healthcare Services in a research report on Friday, September 1st. Finally, Benchmark Co. reissued a “buy” rating and set a $52.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a research report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.83.
In other news, insider Ralph Henderson sold 6,906 shares of AMN Healthcare Services stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares in the company, valued at approximately $1,461,512. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.49% of the stock is owned by insiders.
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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