AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) shares gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $25.84, but opened at $28.63. AMN Healthcare Services shares last traded at $28.03, with a volume of 379,888 shares trading hands.
The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on AMN shares. William Blair downgraded AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research note on Friday, November 8th. JMP Securities reiterated a "market outperform" rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Jefferies Financial Group lowered their price target on AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a report on Monday. Finally, Truist Financial dropped their price target on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. 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 stock. Based on data from MarketBeat, AMN Healthcare Services presently has a consensus rating of "Hold" and an average target price of $41.17.
Read Our Latest Stock Analysis on AMN
Institutional Trading of AMN Healthcare Services
Hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in AMN Healthcare Services during the third quarter valued at about $151,000. Farther Finance Advisors LLC lifted its stake in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock valued at $63,000 after buying an additional 1,224 shares in the last quarter. VELA Investment Management LLC boosted its holdings in AMN Healthcare Services by 142.4% in the 3rd quarter. VELA Investment Management LLC now owns 29,548 shares of the company's stock worth $1,253,000 after buying an additional 17,358 shares during the period. Janney Montgomery Scott LLC grew its stake in AMN Healthcare Services by 13.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,471 shares of the company's stock valued at $783,000 after buying an additional 2,177 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in AMN Healthcare Services by 9.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,628 shares of the company's stock valued at $874,000 after buying an additional 1,852 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.
AMN Healthcare Services Trading Down 2.6 %
The firm has a 50-day simple moving average of $25.43 and a 200-day simple moving average of $34.54. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $996.33 million, a PE ratio of -6.80 and a beta of 0.07.
AMN Healthcare Services Company Profile
(
Get Free Report)
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.
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