Zacks Research Issues Pessimistic Forecast for AMN Earnings

AMN Healthcare Services Inc (NYSE:AMN) – Research analysts at Zacks Research dropped their Q4 2027 earnings per share estimates for shares of AMN Healthcare Services in a research report issued on Wednesday, March 18th. Zacks Research analyst Team now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their prior estimate of ($0.09). Zacks Research has a “Hold” rating on the stock. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $1.33 per share.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $748.23 million for the quarter, compared to analysts’ expectations of $723.11 million. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS.

A number of other analysts also recently commented on the stock. UBS Group increased their price objective on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a report on Friday, February 20th. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. JPMorgan Chase & Co. set a $25.00 price target on AMN Healthcare Services in a research report on Thursday, January 15th. Robert W. Baird increased their price target on AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Citizens Jmp lifted their price objective on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.64.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $17.97 on Monday. The company has a market cap of $694.48 million, a P/E ratio of -7.22, a P/E/G ratio of 0.73 and a beta of 0.23. AMN Healthcare Services has a twelve month low of $14.86 and a twelve month high of $24.89. The company’s 50-day moving average price is $19.41 and its 200-day moving average price is $18.43. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of AMN Healthcare Services by 111.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 58,813 shares of the company’s stock worth $1,139,000 after buying an additional 30,963 shares during the last quarter. Federated Hermes Inc. raised its position in shares of AMN Healthcare Services by 12.5% during the 3rd quarter. Federated Hermes Inc. now owns 733,020 shares of the company’s stock valued at $14,191,000 after buying an additional 81,611 shares during the period. ARGA Investment Management LP acquired a new position in AMN Healthcare Services in the third quarter valued at approximately $886,000. Algert Global LLC lifted its holdings in AMN Healthcare Services by 10.5% in the third quarter. Algert Global LLC now owns 576,651 shares of the company’s stock valued at $11,164,000 after acquiring an additional 54,673 shares during the last quarter. Finally, First National Bank of Omaha purchased a new position in AMN Healthcare Services in the third quarter worth approximately $1,406,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.