Zacks: Brokerages Anticipate AMN Healthcare Services, Inc. (NYSE:AMN) to Announce $0.70 EPS

Equities analysts expect AMN Healthcare Services, Inc. (NYSE:AMN) to announce $0.70 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for AMN Healthcare Services’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.71. AMN Healthcare Services reported earnings of $0.83 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, August 6th.

On average, analysts expect that AMN Healthcare Services will report full year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.96 to $3.03. For the next year, analysts expect that the company will report earnings of $3.46 per share, with EPS estimates ranging from $3.33 to $3.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. AMN Healthcare Services had a net margin of 6.21% and a return on equity of 24.75%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share.

Several research analysts recently issued reports on AMN shares. ValuEngine raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of “Buy” and a consensus target price of $65.88.

In other AMN Healthcare Services news, Director R Jeffrey Harris sold 10,490 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.01, for a total value of $545,584.90. Following the completion of the transaction, the director now directly owns 55,890 shares of the company’s stock, valued at $2,906,838.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Denise L. Jackson sold 773 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $55.00, for a total transaction of $42,515.00. Following the completion of the transaction, the insider now directly owns 20,152 shares of the company’s stock, valued at $1,108,360. The disclosure for this sale can be found here. Insiders have sold 60,511 shares of company stock valued at $3,120,814 over the last three months. 2.07% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of AMN. Dimensional Fund Advisors LP increased its holdings in AMN Healthcare Services by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,557,429 shares of the company’s stock valued at $88,244,000 after buying an additional 21,012 shares in the last quarter. Legal & General Group Plc increased its holdings in AMN Healthcare Services by 0.3% in the fourth quarter. Legal & General Group Plc now owns 110,580 shares of the company’s stock valued at $6,259,000 after buying an additional 301 shares in the last quarter. Millennium Management LLC increased its holdings in AMN Healthcare Services by 1,850.3% in the fourth quarter. Millennium Management LLC now owns 217,846 shares of the company’s stock valued at $12,343,000 after buying an additional 206,676 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in AMN Healthcare Services by 66.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,026 shares of the company’s stock valued at $115,000 after buying an additional 809 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $412,000. 99.28% of the stock is owned by institutional investors.

NYSE AMN traded down $0.32 during trading hours on Friday, hitting $51.75. 330,708 shares of the stock were exchanged, compared to its average volume of 218,155. The company has a market cap of $2.41 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. AMN Healthcare Services has a 12-month low of $45.04 and a 12-month high of $65.81. The stock has a 50-day moving average of $54.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 under the Staff Care and Locum Leaders brands.

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Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)

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