AMN Healthcare Services (AMN) Set to Announce Earnings on Thursday

AMN Healthcare Services (NYSE:AMN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect AMN Healthcare Services to post earnings of $0.94 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period in the previous year, the business earned $2.48 EPS. AMN Healthcare Services’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, analysts expect AMN Healthcare Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AMN Healthcare Services Price Performance

AMN stock opened at $60.20 on Wednesday. The business has a 50 day moving average price of $59.34 and a 200 day moving average price of $66.77. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 11.38 and a beta of 0.22. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44.

Insider Transactions at AMN Healthcare Services

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial cut their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Thursday, May 2nd. Finally, JMP Securities decreased their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.86.

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.