$575.50 Million in Sales Expected for AMN Healthcare Services, Inc. (NYSE:AMN) This Quarter

Equities analysts expect AMN Healthcare Services, Inc. (NYSE:AMN) to announce sales of $575.50 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AMN Healthcare Services’ earnings. The lowest sales estimate is $572.77 million and the highest is $577.24 million. AMN Healthcare Services posted sales of $528.64 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 13th.

On average, analysts expect that AMN Healthcare Services will report full-year sales of $2.21 billion for the current financial year. For the next year, analysts expect that the company will post sales of $2.38 billion, with estimates ranging from $2.36 billion to $2.39 billion. Zacks’ sales averages are an average based on a survey of research firms that cover AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, October 31st. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%. The business had revenue of $567.60 million for the quarter, compared to the consensus estimate of $562.69 million. During the same period last year, the business posted $0.84 EPS. The company’s revenue was up 7.7% compared to the same quarter last year.

Several analysts have commented on the company. Benchmark increased their target price on AMN Healthcare Services from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. ValuEngine downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.00.

AMN traded up $0.50 during trading on Friday, hitting $66.85. 367,230 shares of the company’s stock traded hands, compared to its average volume of 234,706. The company’s 50 day simple moving average is $61.52 and its two-hundred day simple moving average is $57.82. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.00. AMN Healthcare Services has a 12-month low of $45.04 and a 12-month high of $67.41. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.60 and a beta of 0.82.

In other news, Director Michael M. E. Johns sold 2,659 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.88, for a total transaction of $159,220.92. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $2,395,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Denise L. Jackson sold 5,014 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $62.18, for a total value of $311,770.52. Following the transaction, the insider now directly owns 20,152 shares in the company, valued at $1,253,051.36. The disclosure for this sale can be found here. Insiders have sold a total of 104,568 shares of company stock worth $6,407,560 over the last three months. Insiders own 2.07% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMN. Financial Advantage Inc. bought a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $27,000. Nisa Investment Advisors LLC lifted its holdings in shares of AMN Healthcare Services by 55.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 675 shares of the company’s stock valued at $42,000 after buying an additional 240 shares during the period. Allred Capital Management LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter valued at $50,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of AMN Healthcare Services by 57.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 818 shares of the company’s stock valued at $50,000 after buying an additional 300 shares during the period. Finally, First Mercantile Trust Co. bought a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $119,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 under the Staff Care and Locum Leaders brands.

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