AMN Healthcare Services (NYSE:AMN) posted its quarterly earnings data on Wednesday. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.08, RTT News reports. The company had revenue of $526.84 million for the quarter, compared to analyst estimates of $526.90 million. AMN Healthcare Services had a return on equity of 23.75% and a net margin of 7.08%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share.
AMN traded down $0.80 during trading on Wednesday, hitting $50.62. The company’s stock had a trading volume of 793,278 shares, compared to its average volume of 485,471. AMN Healthcare Services has a twelve month low of $37.71 and a twelve month high of $68.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market cap of $2.39 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.21 and a beta of 0.32.
A number of equities analysts recently commented on the company. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $67.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, July 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $58.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Lake Street Capital cut their price objective on AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $68.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. AMN Healthcare Services has an average rating of “Buy” and a consensus target price of $65.60.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
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