Equities Analysts Set Expectations for AMN FY2024 Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) – Zacks Research reduced their FY2024 earnings per share estimates for AMN Healthcare Services in a note issued to investors on Thursday, November 28th. Zacks Research analyst D. Dey now anticipates that the company will post earnings per share of $3.07 for the year, down from their prior estimate of $3.17. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.07 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2024 earnings at $0.51 EPS.

AMN has been the topic of a number of other research reports. JMP Securities reduced their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Truist Financial dropped their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group reduced their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN opened at $27.15 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average price of $34.97 and a 200-day moving average price of $46.96. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 19.67 and a beta of 0.04. AMN Healthcare Services has a 12 month low of $23.37 and a 12 month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period last year, the company earned $1.97 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMN. Versor Investments LP purchased a new position in AMN Healthcare Services in the 3rd quarter worth about $818,000. Anthracite Investment Company Inc. bought a new position in AMN Healthcare Services during the third quarter valued at approximately $1,696,000. Vaughan Nelson Investment Management L.P. purchased a new stake in AMN Healthcare Services in the second quarter worth approximately $45,481,000. New South Capital Management Inc. grew its position in AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after purchasing an additional 111,302 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.93% of the stock is currently owned by corporate insiders.

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.