AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at William Blair raised their Q2 2020 EPS estimates for shares of AMN Healthcare Services in a research report issued to clients and investors on Sunday, March 22nd. William Blair analyst T. Mulrooney now expects that the company will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.89. William Blair also issued estimates for AMN Healthcare Services’ Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $0.99 EPS and FY2020 earnings at $3.65 EPS.
AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 13th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $586.89 million for the quarter, compared to analyst estimates of $575.50 million. AMN Healthcare Services had a return on equity of 21.89% and a net margin of 5.13%.
Other research analysts have also issued reports about the company. SunTrust Banks lowered AMN Healthcare Services from a “buy” rating to a “hold” rating and reduced their target price for the stock from $82.00 to $64.00 in a report on Thursday. Sidoti lowered AMN Healthcare Services from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a report on Thursday, March 19th. Benchmark restated a “buy” rating and issued a $78.00 price target (up from $73.00) on shares of AMN Healthcare Services in a report on Friday, February 14th. Cfra upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. AMN Healthcare Services has an average rating of “Buy” and an average price target of $70.40.
AMN stock opened at $53.73 on Wednesday. The business’s 50-day moving average price is $72.50 and its two-hundred day moving average price is $63.27. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. The firm has a market cap of $3.18 billion, a PE ratio of 22.48 and a beta of 0.54. AMN Healthcare Services has a 1-year low of $45.04 and a 1-year high of $89.22.
In related news, CFO Brian M. Scott sold 7,500 shares of AMN Healthcare Services stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $70.07, for a total value of $525,525.00. Following the sale, the chief financial officer now owns 40,196 shares of the company’s stock, valued at $2,816,533.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ralph Henderson sold 9,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $75.22, for a total value of $676,980.00. Following the completion of the sale, the insider now directly owns 11,013 shares in the company, valued at approximately $828,397.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,689 shares of company stock worth $5,198,031. Corporate insiders own 1.35% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMN. Norges Bank acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $35,762,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of AMN Healthcare Services by 29.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,766,884 shares of the company’s stock valued at $110,094,000 after acquiring an additional 407,208 shares during the last quarter. Walthausen & Co. LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $5,245,000. Madison Asset Management LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $4,863,000. Finally, Stifel Financial Corp increased its position in shares of AMN Healthcare Services by 24.1% in the third quarter. Stifel Financial Corp now owns 375,085 shares of the company’s stock valued at $21,571,000 after acquiring an additional 72,726 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
About AMN Healthcare Services
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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