Zacks Research Weighs in on AMN Healthcare Services, Inc.’s Q1 2024 Earnings (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at Zacks Research cut their Q1 2024 earnings estimates for shares of AMN Healthcare Services in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst D. Dey now expects that the company will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.94. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.90 EPS, Q3 2025 earnings at $0.82 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $4.86 EPS.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The business had revenue of $818.27 million for the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday. JMP Securities lowered their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research note on Monday, February 26th. Finally, BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.25.

AMN Healthcare Services Stock Down 0.1 %

NYSE:AMN opened at $56.32 on Wednesday. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The stock has a market capitalization of $2.13 billion, a P/E ratio of 10.65 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50-day simple moving average is $61.50 and its 200-day simple moving average is $68.77.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in AMN Healthcare Services during the 4th quarter worth $5,361,000. American Century Companies Inc. boosted its position in shares of AMN Healthcare Services by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock valued at $15,090,000 after acquiring an additional 20,510 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of AMN Healthcare Services by 145.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after acquiring an additional 828,390 shares during the last quarter. Comerica Bank acquired a new position in AMN Healthcare Services in the third quarter valued at about $4,195,000. Finally, Cambiar Investors LLC lifted its position in AMN Healthcare Services by 17.8% in the third quarter. Cambiar Investors LLC now owns 27,056 shares of the company’s stock valued at $2,305,000 after buying an additional 4,079 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AMN Healthcare Services

In other news, Director Jorge A. Caballero bought 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Caroline Grace bought 17,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jorge A. Caballero bought 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares in the company, valued at $138,421.60. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 26,626 shares of company stock worth $1,516,899. Company insiders own 0.93% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.