AMN Healthcare Services (AMN) Scheduled to Post Earnings on Thursday

AMN Healthcare Services (NYSE:AMN) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the prior year, the firm posted $2.48 earnings per share. AMN Healthcare Services’s quarterly revenue was down 27.3% on a year-over-year basis. On average, analysts expect AMN Healthcare Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AMN Healthcare Services Trading Up 0.7 %

Shares of AMN opened at $59.94 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services has a 12-month low of $53.77 and a 12-month high of $112.44. The firm has a 50-day moving average price of $59.23 and a 200 day moving average price of $66.86. The firm has a market capitalization of $2.27 billion, a P/E ratio of 11.33 and a beta of 0.22.

Analyst Ratings Changes

Several research analysts have weighed in on AMN shares. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Thursday, May 2nd. BMO Capital Markets reduced their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Truist Financial reduced their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, JMP Securities cut their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.86.

Insider Activity at AMN Healthcare Services

In other news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AMN Healthcare Services news, CFO Jeffrey R. Knudson bought 6,951 shares of AMN Healthcare Services stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $57.75 per share, with a total value of $401,420.25. Following the completion of the acquisition, the chief financial officer now owns 27,804 shares in the company, valued at $1,605,681. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorge A. Caballero purchased 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares in the company, valued at $138,421.60. The disclosure for this purchase can be found here. Insiders have bought a total of 26,626 shares of company stock worth $1,516,899 in the last three months. Insiders own 0.93% of the company’s stock.

About AMN Healthcare Services

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.