Equities Analysts Offer Predictions for AMN Q4 Earnings

AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) - Research analysts at William Blair dropped their Q4 2024 earnings estimates for shares of AMN Healthcare Services in a report issued on Friday, November 8th. William Blair analyst T. Romeo now anticipates that the company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.61. William Blair currently has a "Market Perform" rating on the stock. The consensus estimate for AMN Healthcare Services' current full-year earnings is $3.13 per share.

A number of other equities research analysts have also recently weighed in on the stock. BMO Capital Markets dropped their price target 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. Truist Financial cut their target price on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday. StockNews.com cut AMN Healthcare Services from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. UBS Group dropped their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, August 9th. Finally, Bank of America lowered AMN Healthcare Services from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and a consensus price target of $52.60.

AMN Healthcare Services Trading Down 4.3 %

Shares of NYSE:AMN traded down $1.25 during midday trading on Monday, reaching $27.80. 3,119,587 shares of the company's stock were exchanged, compared to its average volume of 755,974. The firm's 50 day simple moving average is $42.13 and its two-hundred day simple moving average is $50.96. AMN Healthcare Services has a fifty-two week low of $26.77 and a fifty-two week high of $80.22. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 20.15 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a return on equity of 17.35% and a net margin of 1.73%. The company's revenue for the quarter was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 earnings per share.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently modified their holdings of AMN. Vaughan Nelson Investment Management L.P. purchased a new position in AMN Healthcare Services in the second quarter valued at $45,481,000. New South Capital Management Inc. increased its holdings in shares of 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 valued at $28,850,000 after acquiring an additional 111,302 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of AMN Healthcare Services by 366.6% during the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company's stock worth $1,455,000 after acquiring an additional 18,264 shares in the last quarter. Virtu Financial LLC purchased a new stake in AMN Healthcare Services during the first quarter worth approximately $878,000. Finally, Connors Investor Services Inc. lifted its stake in AMN Healthcare Services by 88.0% during the first quarter. Connors Investor Services Inc. now owns 47,966 shares of the company's stock worth $2,998,000 after purchasing an additional 22,447 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction dated Saturday, November 2nd. The stock was 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 owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

About AMN Healthcare Services

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.