FY2024 Earnings Forecast for AMN Healthcare Services, Inc. Issued By Zacks Research (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a note issued to investors on Thursday, September 12th. Zacks Research analyst D. Dey now expects that the company will post earnings per share of $3.19 for the year, down from their prior forecast of $3.20. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.26 per share.

AMN has been the subject of several other reports. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. UBS Group reduced 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. JMP Securities cut their target price on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. Finally, BMO Capital Markets raised their target price 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.83.

AMN Healthcare Services Stock Up 0.0 %

NYSE AMN opened at $46.08 on Monday. The business has a fifty day moving average price of $54.44 and a 200 day moving average price of $56.11. AMN Healthcare Services has a one year low of $42.23 and a one year high of $89.21. 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 $1.75 billion, a P/E ratio of 12.39 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same quarter last year, the firm posted $2.38 EPS. The business’s revenue was down 25.3% on a year-over-year basis.

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently modified their holdings of AMN. Charles Schwab Investment Management Inc. increased its position in shares of AMN Healthcare Services by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,199 shares of the company’s stock worth $35,283,000 after purchasing an additional 18,803 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth about $49,000. Quadrant Capital Group LLC increased its position in shares of AMN Healthcare Services by 32.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after purchasing an additional 342 shares during the last quarter. Norges Bank acquired a new stake in shares of AMN Healthcare Services during the 4th quarter worth about $19,864,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in AMN Healthcare Services during the 4th quarter valued at about $1,006,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

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.