Zacks Research Has Negative Outlook for AMN FY2027 Earnings

AMN Healthcare Services Inc (NYSE:AMN) – Stock analysts at Zacks Research decreased their FY2027 EPS estimates for shares of AMN Healthcare Services in a research report issued to clients and investors on Thursday, July 9th. Zacks Research analyst Team now expects that the company will post earnings of $1.20 per share for the year, down from their previous forecast of $1.23. Zacks Research has a “Hold” rating on the stock. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $2.70 per share.

Several other brokerages have also recently issued reports on AMN. UBS Group increased their price objective on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial lifted their target price on AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. BMO Capital Markets increased their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $32.46 on Monday. The company has a 50 day moving average price of $29.84 and a 200-day moving average price of $22.71. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $36.27. The company has a market capitalization of $1.26 billion, a PE ratio of -37.31, a P/E/G ratio of 0.74 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company’s revenue for the quarter was up 99.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMN. Royal Bank of Canada boosted its position in AMN Healthcare Services by 1.5% during the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares in the last quarter. AQR Capital Management LLC grew its stake in AMN Healthcare Services by 54.2% in the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after purchasing an additional 34,465 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in AMN Healthcare Services in the first quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after buying an additional 51,737 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.