AMN Healthcare Services, Inc. (NYSE:AMN) Expected to Post Q1 2024 Earnings of $0.93 Per Share

AMN Healthcare Services, Inc. (NYSE:AMN) – Investment analysts at Zacks Research decreased their Q1 2024 earnings estimates for AMN Healthcare Services in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst D. Dey now expects that the company will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.94. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.90 EPS, Q3 2025 earnings at $0.82 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $4.86 EPS.

A number of other research analysts also recently weighed in on the stock. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday. JMP Securities lowered their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Monday, February 26th. Finally, BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $87.25.

AMN Healthcare Services Stock Down 0.8 %

AMN stock traded down $0.44 during midday trading on Wednesday, reaching $56.39. The company had a trading volume of 664,550 shares, compared to its average volume of 789,167. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $2.14 billion, a P/E ratio of 10.74 and a beta of 0.22. The company has a 50 day moving average of $62.22 and a two-hundred day moving average of $69.05.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. During the same quarter last year, the business posted $2.48 EPS. The company’s revenue was down 27.3% on a year-over-year basis.

Insider Activity

In other AMN Healthcare Services news, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Caroline Grace purchased 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 26,626 shares of company stock worth $1,516,899. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently modified their holdings of the stock. Money Concepts Capital Corp bought a new position in shares of AMN Healthcare Services in the fourth quarter worth about $33,000. Hexagon Capital Partners LLC raised its stake in shares of AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of AMN Healthcare Services during the fourth quarter worth approximately $31,000. Quarry LP raised its stake in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after buying an additional 204 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in AMN Healthcare Services during the fourth quarter valued at approximately $49,000. 99.23% of the stock is owned by institutional investors.

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.