AMN Healthcare Services (NYSE:AMN) Issues Quarterly Earnings Results

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

AMN Healthcare Services Stock Up 1.2%

Shares of AMN traded up $0.21 during midday trading on Thursday, reaching $17.29. The stock had a trading volume of 2,714,480 shares, compared to its average volume of 1,471,683. The company has a market cap of $664.11 million, a price-to-earnings ratio of -2.40 and a beta of 0.22. The company’s fifty day simple moving average is $17.71 and its two-hundred day simple moving average is $18.34. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05.

Analyst Ratings Changes

A number of equities analysts have commented on AMN shares. Citizens Jmp reduced their target price on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Wall Street Zen raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. BMO Capital Markets boosted their target price on AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Finally, UBS Group lifted their target price on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.42.

Institutional Trading of AMN Healthcare Services

Several institutional investors have recently modified their holdings of AMN. Millennium Management LLC boosted its holdings in AMN Healthcare Services by 55.8% in the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after purchasing an additional 718,048 shares in the last quarter. State Street Corp lifted its holdings in shares of AMN Healthcare Services by 1.8% in the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock valued at $25,609,000 after buying an additional 28,479 shares during the period. Boston Partners boosted its stake in shares of AMN Healthcare Services by 7,583.1% in the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after buying an additional 1,021,672 shares in the last quarter. Woodline Partners LP acquired a new position in AMN Healthcare Services during the third quarter worth $19,176,000. Finally, Bank of America Corp DE grew its holdings in AMN Healthcare Services by 11.6% during the second quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock worth $19,004,000 after acquiring an additional 95,720 shares during the period. 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.