AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at SunTrust Banks boosted their FY2019 earnings per share estimates for shares of AMN Healthcare Services in a research note issued to investors on Monday, June 17th, Zacks Investment Research reports. SunTrust Banks analyst T. Sommer now expects that the company will post earnings per share of $2.98 for the year, up from their prior forecast of $2.90. SunTrust Banks also issued estimates for AMN Healthcare Services’ Q1 2020 earnings at $0.87 EPS.
AMN has been the subject of several other reports. ValuEngine upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Benchmark set a $66.00 target price on AMN Healthcare Services and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, BMO Capital Markets increased their target price on AMN Healthcare Services from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of “Buy” and an average target price of $65.88.
AMN Healthcare Services stock opened at $54.19 on Wednesday. The stock has a market cap of $2.55 billion, a PE ratio of 16.47, a P/E/G ratio of 1.45 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.47. The firm’s 50 day simple moving average is $51.53. AMN Healthcare Services has a 52 week low of $45.04 and a 52 week high of $65.81.
AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 2nd. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The company had revenue of $532.40 million during the quarter, compared to analysts’ expectations of $525.24 million. AMN Healthcare Services had a return on equity of 24.75% and a net margin of 6.21%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new stake in AMN Healthcare Services in the first quarter worth $26,000. Financial Architects Inc acquired a new stake in AMN Healthcare Services in the first quarter worth $32,000. Rehmann Capital Advisory Group increased its position in AMN Healthcare Services by 64.0% in the first quarter. Rehmann Capital Advisory Group now owns 679 shares of the company’s stock worth $32,000 after buying an additional 265 shares during the period. Quadrant Capital Group LLC increased its position in AMN Healthcare Services by 205.4% in the first quarter. Quadrant Capital Group LLC now owns 739 shares of the company’s stock worth $34,000 after buying an additional 497 shares during the period. Finally, Claybrook Capital LLC acquired a new stake in AMN Healthcare Services in the fourth quarter worth $40,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
In other AMN Healthcare Services news, insider Susan R. Salka sold 29,179 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $51.02, for a total value of $1,488,712.58. Following the sale, the insider now directly owns 195,686 shares of the company’s stock, valued at $9,983,899.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew M. Stern sold 4,668 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $52.09, for a total value of $243,156.12. Following the completion of the sale, the director now directly owns 4,168 shares in the company, valued at $217,111.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,338 shares of company stock worth $2,946,275. Corporate insiders own 2.07% of the company’s stock.
About AMN Healthcare Services
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.