Analysts Anticipate AMN Healthcare Services, Inc. (AMN) Will Announce Quarterly Sales of $501.82 Million

Wall Street brokerages forecast that AMN Healthcare Services, Inc. (NYSE:AMN) will post sales of $501.82 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for AMN Healthcare Services’ earnings, with the lowest sales estimate coming in at $500.82 million and the highest estimate coming in at $502.65 million. AMN Healthcare Services posted sales of $487.86 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The business is expected to announce its next earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that AMN Healthcare Services will report full-year sales of $501.82 million for the current financial year. For the next year, analysts anticipate that the company will report sales of $2.08 billion per share, with estimates ranging from $2.05 billion to $2.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow AMN Healthcare Services.

AMN has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $52.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. 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 target on the stock. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Finally, 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 target on the stock. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. AMN Healthcare Services has a consensus rating of “Buy” and an average target price of $53.10.

In related news, insider Susan R. Salka sold 95,219 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.35, for a total value of $4,699,057.65. Following the sale, the insider now owns 222,168 shares in the company, valued at $10,963,990.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ralph Henderson sold 8,219 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $55.00, for a total transaction of $452,045.00. Following the completion of the sale, the insider now owns 21,833 shares in the company, valued at approximately $1,200,815. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,588 shares of company stock worth $8,492,501. Corporate insiders own 2.49% of the company’s stock.

A number of hedge funds have recently modified their holdings of AMN. Victory Capital Management Inc. boosted its holdings in AMN Healthcare Services by 617.1% in the third quarter. Victory Capital Management Inc. now owns 790,362 shares of the company’s stock worth $36,120,000 after purchasing an additional 680,145 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in AMN Healthcare Services in the third quarter worth approximately $19,764,000. Kestrel Investment Management Corp purchased a new stake in AMN Healthcare Services in the third quarter worth approximately $9,897,000. BlackRock Inc. boosted its holdings in AMN Healthcare Services by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,934,876 shares of the company’s stock worth $292,292,000 after purchasing an additional 174,113 shares during the last quarter. Finally, Fort L.P. purchased a new stake in AMN Healthcare Services in the third quarter worth approximately $7,413,000.

AMN Healthcare Services (NYSE:AMN) traded up $0.35 during trading hours on Monday, hitting $51.90. 104,212 shares of the stock were exchanged, compared to its average volume of 430,830. AMN Healthcare Services has a 1 year low of $34.71 and a 1 year high of $55.65. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2,462.66, a PE ratio of 21.57 and a beta of 0.51.

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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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