AMN Healthcare Services Inc (AMN) Expected to Post Earnings of $0.63 Per Share

Wall Street brokerages predict that AMN Healthcare Services Inc (NYSE:AMN) will post $0.63 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for AMN Healthcare Services’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.61. AMN Healthcare Services posted earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is expected to announce its next earnings report on Thursday, February 15th.

On average, analysts expect that AMN Healthcare Services will report full year earnings of $2.56 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.58. For the next year, analysts anticipate that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.67 to $2.74. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for AMN Healthcare Services.

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, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $494.41 million during the quarter, compared to analyst estimates of $493.89 million. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS.

AMN has been the subject of several recent analyst reports. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Credit Suisse Group initiated coverage on shares of AMN Healthcare Services in a report on Tuesday, November 7th. They set an “outperform” rating and a $48.00 price objective for the company. KeyCorp initiated coverage on shares of AMN Healthcare Services in a report on Friday, November 17th. They set an “overweight” rating and a $50.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target (up from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Finally, Zacks Investment Research lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.44.

Shares of AMN Healthcare Services (NYSE:AMN) traded down $0.60 during mid-day trading on Friday, reaching $49.60. 387,845 shares of the company’s stock traded hands, compared to its average volume of 510,660. The firm has a market cap of $2,369.49, a price-to-earnings ratio of 19.45 and a beta of 0.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.81 and a current ratio of 1.81. AMN Healthcare Services has a 52 week low of $33.05 and a 52 week high of $51.75.

In related news, Director Mark G. Foletta sold 2,500 shares of AMN Healthcare Services stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $47.03, for a total value of $117,575.00. Following the sale, the director now directly owns 3,525 shares in the company, valued at approximately $165,780.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian M. Scott sold 20,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $50.19, for a total transaction of $1,003,800.00. Following the completion of the sale, the chief financial officer now owns 56,916 shares in the company, valued at $2,856,614.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,134 shares of company stock worth $6,235,707. 2.49% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of AMN Healthcare Services by 0.6% during the 2nd quarter. BlackRock Inc. now owns 5,679,926 shares of the company’s stock worth $221,802,000 after buying an additional 32,397 shares in the last quarter. Vanguard Group Inc. raised its position in shares of AMN Healthcare Services by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,289,538 shares of the company’s stock worth $167,507,000 after buying an additional 36,632 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AMN Healthcare Services by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,728,269 shares of the company’s stock worth $78,981,000 after purchasing an additional 23,613 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of AMN Healthcare Services by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after purchasing an additional 17,777 shares during the last quarter. Finally, State Street Corp grew its stake in shares of AMN Healthcare Services by 4.8% in the 2nd quarter. State Street Corp now owns 1,237,418 shares of the company’s stock worth $48,321,000 after purchasing an additional 56,269 shares during the last quarter.

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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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Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)

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