AMN Healthcare Services, Inc. (NYSE:AMN) – Research analysts at Jefferies Financial Group raised their FY2019 earnings per share estimates for shares of AMN Healthcare Services in a research note issued to investors on Thursday, November 1st. Jefferies Financial Group analyst J. Plagman now anticipates that the company will post earnings per share of $3.60 for the year, up from their previous estimate of $3.55. Jefferies Financial Group has a “Buy” rating and a $68.00 price target on the stock.
A number of other brokerages also recently commented on AMN. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Lake Street Capital decreased their price target on AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, August 3rd. Robert W. Baird reissued a “hold” rating and issued a $58.00 target price on shares of AMN Healthcare Services in a research report on Friday, August 3rd. ValuEngine downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Stephens began coverage on AMN Healthcare Services in a research report on Tuesday, October 2nd. They issued an “equal weight” rating for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. AMN Healthcare Services currently has a consensus rating of “Buy” and an average target price of $64.90.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. The company had revenue of $526.84 million during the quarter, compared to the consensus estimate of $526.90 million. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. AMN Healthcare Services’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share.
A number of large investors have recently added to or reduced their stakes in AMN. BlackRock Inc. increased its position in AMN Healthcare Services by 8.7% in the second quarter. BlackRock Inc. now owns 6,694,366 shares of the company’s stock worth $392,290,000 after buying an additional 533,007 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in AMN Healthcare Services in the second quarter worth $30,246,000. Voya Investment Management LLC increased its position in AMN Healthcare Services by 55.5% in the second quarter. Voya Investment Management LLC now owns 1,062,917 shares of the company’s stock worth $62,287,000 after buying an additional 379,588 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in AMN Healthcare Services in the second quarter worth $18,935,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of AMN Healthcare Services by 1,320.5% in the second quarter. OppenheimerFunds Inc. now owns 292,543 shares of the company’s stock worth $17,143,000 after acquiring an additional 271,949 shares during the period.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
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