AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) - Equities researchers at Zacks Research decreased their FY2024 earnings per share estimates for shares of AMN Healthcare Services in a report released on Friday, October 18th. Zacks Research analyst D. Dey now expects that the company will earn $3.17 per share for the year, down from their previous forecast of $3.19. The consensus estimate for AMN Healthcare Services' current full-year earnings is $3.21 per share. Zacks Research also issued estimates for AMN Healthcare Services' Q4 2024 earnings at $0.62 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.20 EPS and Q2 2026 earnings at $1.40 EPS.
A number of other brokerages have also recently commented on AMN. Bank of America cut shares of 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 report on Monday, October 7th. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Truist Financial reduced their price target on AMN Healthcare Services from $70.00 to $50.00 and set a "buy" rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, AMN Healthcare Services has a consensus rating of "Hold" and an average price target of $61.67.
Read Our Latest Stock Report on AMN Healthcare Services
AMN Healthcare Services Price Performance
Shares of AMN traded down $1.42 during trading hours on Monday, hitting $39.59. 765,907 shares of the stock were exchanged, compared to its average volume of 804,176. The stock's 50-day moving average price is $46.18 and its two-hundred day moving average price is $52.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 10.82 and a beta of 0.11. AMN Healthcare Services has a 12-month low of $36.50 and a 12-month high of $80.22.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million for the quarter, compared to analysts' expectations of $740.43 million. During the same period in the previous year, the firm posted $2.38 EPS. AMN Healthcare Services's revenue was down 25.3% compared to the same quarter last year.
Institutional Investors Weigh In On AMN Healthcare Services
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of AMN Healthcare Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company's stock worth $268,117,000 after buying an additional 37,676 shares during the last quarter. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services in the second quarter valued at $99,349,000. Thrivent Financial for Lutherans boosted its stake in AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock valued at $64,721,000 after acquiring an additional 1,230,543 shares in the last quarter. Swedbank AB purchased a new position in shares of AMN Healthcare Services during the first quarter worth about $70,617,000. Finally, Dimensional Fund Advisors LP increased its position in AMN Healthcare Services by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company's stock worth $53,468,000 after buying an additional 37,760 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.
AMN Healthcare Services Company Profile
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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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