Zacks Research Issues Negative Estimate for AMN Earnings

AMN Healthcare Services Inc (NYSE:AMN) – Equities researchers at Zacks Research dropped their Q1 2027 earnings per share estimates for shares of AMN Healthcare Services in a research report issued to clients and investors on Thursday, June 18th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.46. 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.

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

Several other equities analysts have also recently weighed in on AMN. BMO Capital Markets raised their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, Truist Financial boosted their price target on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.29.

AMN Healthcare Services Trading Up 0.1%

Shares of AMN Healthcare Services stock opened at $31.01 on Monday. The stock has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $20.97. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $33.13. The company has a market capitalization of $1.20 billion, a P/E ratio of -35.65, a price-to-earnings-growth ratio of 0.71 and a beta of 0.44. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in shares of AMN Healthcare Services in the 4th quarter worth about $32,000. China Universal Asset Management Co. Ltd. increased its holdings in AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after buying an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC raised its position in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares during the period. Johnson Financial Group Inc. bought a new stake in AMN Healthcare Services in the third quarter worth about $63,000. Finally, Strs Ohio purchased a new position in AMN Healthcare Services in the first quarter valued at about $95,000. 99.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

AMN Healthcare Services Company Profile

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.