AMN Healthcare Services (NYSE:AMN) Posts Earnings Results

AMN Healthcare Services (NYSE:AMN) released its quarterly earnings results on Thursday. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23, Briefing.com reports. The business had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 EPS. AMN Healthcare Services updated its Q3 2024 guidance to EPS.

AMN Healthcare Services Trading Down 6.5 %

AMN stock opened at $58.14 on Friday. AMN Healthcare Services has a 1-year low of $46.74 and a 1-year high of $92.53. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.63 and a beta of 0.12. The business has a 50 day simple moving average of $55.51 and a two-hundred day simple moving average of $59.73.

Analyst Ratings Changes

A number of research firms have issued reports on AMN. JMP Securities restated a “market outperform” rating and set a $75.00 price target on shares of AMN Healthcare Services in a research note on Friday, May 10th. Bank of America boosted their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Truist Financial cut their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. Finally, BMO Capital Markets cut their price objective on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus target price of $69.33.

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.