AMN Healthcare Services (NYSE:AMN) Releases Earnings Results, Hits Estimates

AMN Healthcare Services (NYSE:AMN) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22, FiscalAI reports. The company had revenue of $748.23 million for the quarter, compared to analyst estimates of $723.11 million. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%.

AMN Healthcare Services Stock Performance

NYSE AMN traded up $0.21 on Thursday, hitting $17.29. 2,714,480 shares of the company’s stock traded hands, compared to its average volume of 1,471,683. The firm’s 50-day moving average price is $17.71 and its two-hundred day moving average price is $18.34. The firm has a market capitalization of $664.11 million, a PE ratio of -2.40 and a beta of 0.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49.

Analyst Ratings Changes

A number of equities analysts have commented on AMN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Citizens Jmp cut their price target on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Friday, December 19th. Finally, Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.42.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in AMN Healthcare Services during the 4th quarter worth $32,000. Johnson Financial Group Inc. purchased a new position in shares of AMN Healthcare Services in the third quarter worth about $63,000. Tower Research Capital LLC TRC raised its holdings in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the last quarter. Strs Ohio purchased a new position in AMN Healthcare Services in the 1st quarter worth approximately $95,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of AMN Healthcare Services by 55.9% during the 2nd quarter. Osaic Holdings Inc. now owns 5,527 shares of the company’s stock worth $114,000 after purchasing an additional 1,981 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.