AMN Healthcare Services (NYSE:AMN) Announces Earnings Results

AMN Healthcare Services (NYSE:AMN) issued its earnings results on Thursday. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50, FiscalAI reports. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.59%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.45 earnings per share. AMN Healthcare Services’s revenue was up 99.9% on a year-over-year basis.

Here are the key takeaways from AMN Healthcare Services’ conference call:

• AMN reported Q1 revenue of $1.38 billion, adjusted EBITDA of $166 million and a 26.8% gross margin, driven largely by successful support of multiple large labor‑disruption and rapid‑response events.
• Management warned labor‑disruption revenue is unpredictable and largely non‑recurring, and Q2 guidance steps down to $620–$635 million with adjusted EBITDA margin of 6.7%–7.2%, implying material normalization from Q1.
• Core operations improved ex‑disruption: Nurse & Allied ex‑event revenue rose 8% Y/Y, travel nurse revenue was up 13% Y/Y, Allied +3%, and international staffing returned to year‑over‑year growth.
• Pressure remains in other segments—Physician & Leadership Solutions revenue was down ~6% Y/Y (locums volume softer) and Technology & Workforce Solutions was down 15% Y/Y (10% ex‑divestiture), with language services facing pricing pressure despite margin gains from a new delivery model.
• The balance sheet strengthened (cash of $561 million and leverage of 1.6x at quarter end), though a large portion of cash reflected client deposits being refunded; management expects leverage ≤2x for the remainder of the year.

AMN Healthcare Services Stock Performance

Shares of AMN traded up $6.40 during mid-day trading on Friday, reaching $28.85. 3,819,331 shares of the company’s stock traded hands, compared to its average volume of 767,343. The business’s 50-day moving average price is $19.67 and its 200-day moving average price is $18.49. The stock has a market capitalization of $1.11 billion, a P/E ratio of -33.16, a price-to-earnings-growth ratio of 0.93 and a beta of 0.30. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $29.00.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. Zacks Research upgraded AMN Healthcare Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. set a $25.00 target price on AMN Healthcare Services in a research report on Thursday, January 15th. Citizens Jmp raised their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, February 23rd. Finally, UBS Group upped their price target on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.93.

AMN Healthcare Services News Roundup

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: AMN Healthcare reported first-quarter earnings and revenue that beat estimates, with adjusted EPS surging and revenue nearly doubling from a year ago. Article Title
• Positive Sentiment: The company said Q1 results were helped by stronger labor-disruption demand and staffing gains, suggesting improved operating trends. Article Title
• Positive Sentiment: AMN was added to Zacks’ Strong Buy and Rank #1 value stock lists, which may reinforce bullish investor interest. Article Title
• Neutral Sentiment: AMN updated second-quarter revenue guidance to $620 million-$635 million, which is broadly near analyst expectations and does not appear to be a major surprise. Article Title

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC raised its stake in shares of AMN Healthcare Services by 55.8% during the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after purchasing an additional 718,048 shares in the last quarter. State Street Corp raised its stake in shares of AMN Healthcare Services by 1.8% during the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock valued at $25,609,000 after purchasing an additional 28,479 shares in the last quarter. Boston Partners raised its stake in shares of AMN Healthcare Services by 7,583.1% during the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after purchasing an additional 1,021,672 shares in the last quarter. Woodline Partners LP bought a new stake in shares of AMN Healthcare Services during the third quarter valued at about $19,176,000. Finally, Bank of America Corp DE raised its stake in shares of AMN Healthcare Services by 11.6% during the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock valued at $19,004,000 after purchasing an additional 95,720 shares in the last quarter. Institutional investors own 99.23% 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.