AMN Healthcare Services Inc (AMN) Forecasted to Post Q4 2017 Earnings of $0.62 Per Share
AMN Healthcare Services Inc (NYSE:AMN) – Analysts at SunTrust Banks decreased their Q4 2017 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a research report issued on Friday. SunTrust Banks analyst T. Sommer now forecasts that the company will post earnings of $0.62 per share for the quarter, down from their previous estimate of $0.68. SunTrust Banks also issued estimates for AMN Healthcare Services’ Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.71 EPS.
A number of other brokerages also recently commented on AMN. Credit Suisse Group started coverage on AMN Healthcare Services in a report on Tuesday. They set an “outperform” rating and a $48.00 target price for the company. Robert W. Baird upped their target price on AMN Healthcare Services from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Benchmark Co. restated a “buy” rating and set a $52.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. Zacks Investment Research downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. AMN Healthcare Services presently has an average rating of “Buy” and an average price target of $46.50.
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Shares of AMN Healthcare Services (NYSE:AMN) traded up $1.10 during mid-day trading on Monday, reaching $43.05. The company’s stock had a trading volume of 392,413 shares, compared to its average volume of 613,042. The company has a quick ratio of 1.66, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $46.60. The company has a market capitalization of $2,060.00, a P/E ratio of 16.67 and a beta of 0.41.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The firm had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in AMN Healthcare Services by 0.6% in the second quarter. BlackRock Inc. now owns 5,679,926 shares of the company’s stock worth $221,802,000 after purchasing an additional 32,397 shares during the period. Vanguard Group Inc. grew its stake in shares of AMN Healthcare Services by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,289,538 shares of the company’s stock worth $167,507,000 after acquiring an additional 36,632 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AMN Healthcare Services by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,704,656 shares of the company’s stock worth $66,567,000 after acquiring an additional 23,596 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of AMN Healthcare Services by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,484,650 shares of the company’s stock worth $57,975,000 after acquiring an additional 106,575 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of AMN Healthcare Services by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after acquiring an additional 17,777 shares during the last quarter.
In related news, insider Susan R. Salka sold 74,456 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $41.86, for a total value of $3,116,728.16. Following the sale, the insider now directly owns 256,561 shares of the company’s stock, valued at $10,739,643.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ralph Henderson sold 6,906 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was 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 directly owns 31,772 shares in the company, valued at $1,461,512. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate 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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