AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at Jefferies Financial Group upped their FY2019 earnings per share estimates for shares of AMN Healthcare Services in a research note issued on Thursday, November 1st. Jefferies Financial Group analyst J. Plagman now forecasts that the company will post earnings of $3.60 per share for the year, up from their previous estimate of $3.55. Jefferies Financial Group has a “Buy” rating and a $68.00 price objective on the stock.
Several other brokerages also recently commented on AMN. Zacks Investment Research upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Lake Street Capital reduced their target price on AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $58.00 target price on shares of AMN Healthcare Services in a research note on Friday, August 3rd. ValuEngine downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Stephens started coverage on AMN Healthcare Services in a research note on Tuesday, October 2nd. They set an “equal weight” rating for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.10.
Shares of NYSE AMN opened at $58.27 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. AMN Healthcare Services has a 12 month low of $41.55 and a 12 month high of $68.20. The company has a market cap of $2.74 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Wednesday, October 31st. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The company had revenue of $526.84 million during the quarter, compared to the consensus estimate of $526.90 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in AMN Healthcare Services by 109.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock valued at $191,000 after purchasing an additional 1,705 shares during the period. D.A. Davidson & CO. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $202,000. Palouse Capital Management Inc. bought a new stake in AMN Healthcare Services in the 3rd quarter valued at $200,000. Truvestments Capital LLC bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $218,000. Finally, Atria Investments LLC bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $223,000.
In related news, insider Susan R. Salka sold 11,953 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $56.49, for a total value of $675,224.97. Following the completion of the sale, the insider now directly owns 153,789 shares in the company, valued at approximately $8,687,540.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.18% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.
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