Zacks Research Has Bearish Estimate for AMN FY2024 Earnings

AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) - Stock analysts at Zacks Research reduced their FY2024 earnings estimates for AMN Healthcare Services in a research note issued on Thursday, November 28th. Zacks Research analyst D. Dey now forecasts that the company will earn $3.07 per share for the year, down from their previous estimate of $3.17. The consensus estimate for AMN Healthcare Services' current full-year earnings is $3.07 per share. Zacks Research also issued estimates for AMN Healthcare Services' Q4 2024 earnings at $0.51 EPS.

Several other analysts have also issued reports on AMN. UBS Group reduced their target price on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Jefferies Financial Group reduced their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th. JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating for the company in a research report on Tuesday, October 22nd. Truist Financial cut their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, Bank of America cut shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and decreased their price objective for the company 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, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $48.33.

AMN Healthcare Services Price Performance

NYSE:AMN traded up $1.55 during trading hours on Monday, reaching $27.58. 904,927 shares of the company were exchanged, compared to its average volume of 852,398. The business has a 50 day moving average of $35.27 and a 200 day moving average of $47.18. AMN Healthcare Services has a 1-year low of $23.37 and a 1-year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $1.05 billion, a P/E ratio of 19.99 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the prior year, the business posted $1.97 EPS.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of AMN Healthcare Services by 152.4% in the third quarter. FMR LLC now owns 4,640,599 shares of the company's stock worth $196,715,000 after acquiring an additional 2,801,663 shares during the period. Pacer Advisors Inc. bought a new position in AMN Healthcare Services during the 2nd quarter worth approximately $99,349,000. Thrivent Financial for Lutherans lifted its position in shares of AMN Healthcare Services by 3,753.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock worth $64,721,000 after purchasing an additional 1,230,543 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $45,481,000. Finally, American Century Companies Inc. increased its position in shares of AMN Healthcare Services by 95.3% during the second quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock worth $39,710,000 after buying an additional 378,266 shares during the period. Institutional investors own 99.23% 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.