Brokers Offer Predictions for AMN Healthcare Services, Inc.’s Q1 2024 Earnings (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Analysts at Zacks Research reduced their Q1 2024 earnings estimates for shares of AMN Healthcare Services in a note issued to investors on Tuesday, April 16th. Zacks Research analyst D. Dey now expects that the company will earn $0.93 per share for the quarter, down from their previous estimate of $0.94. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q2 2024 earnings at $0.92 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.90 EPS, Q3 2025 earnings at $0.82 EPS, Q1 2026 earnings at $1.37 EPS and FY2026 earnings at $4.86 EPS.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data 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. The business had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. Finally, JMP Securities lowered their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.25.

AMN Healthcare Services Trading Down 0.8 %

NYSE:AMN opened at $56.39 on Wednesday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 10.66 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44. The business has a fifty day moving average of $61.50 and a 200-day moving average of $68.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Thompson Investment Management Inc. lifted its position in shares of AMN Healthcare Services by 6.3% in the 1st quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock valued at $2,908,000 after acquiring an additional 2,758 shares in the last quarter. Anderson Hoagland & Co. purchased a new stake in shares of AMN Healthcare Services in the first quarter valued at $2,609,000. NBC Securities Inc. lifted its holdings in shares of AMN Healthcare Services by 25.2% in the first quarter. NBC Securities Inc. now owns 6,443 shares of the company’s stock valued at $412,000 after purchasing an additional 1,296 shares in the last quarter. CWM LLC boosted its position in shares of AMN Healthcare Services by 2.1% in the first quarter. CWM LLC now owns 13,087 shares of the company’s stock worth $818,000 after buying an additional 269 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of AMN Healthcare Services during the fourth quarter valued at $373,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AMN Healthcare Services news, Director Jorge A. Caballero bought 2,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Jeffrey R. Knudson purchased 6,951 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $57.75 per share, with a total value of $401,420.25. Following the purchase, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge A. Caballero acquired 2,000 shares of AMN Healthcare Services stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the purchase, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders have acquired 26,626 shares of company stock worth $1,516,899 in the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

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.