Brokers Set Expectations for AMN Healthcare Services, Inc.'s Q1 2024 Earnings (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN - Free Report) - Research analysts at Zacks Research dropped their Q1 2024 earnings per share (EPS) estimates for AMN Healthcare Services in a report issued on Tuesday, April 16th. Zacks Research analyst D. Dey now anticipates that the company will post earnings per share of $0.93 for the quarter, down from their previous forecast 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 - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. AMN Healthcare Services's revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 EPS.

A number of other analysts also recently issued reports on the company. JMP Securities decreased their price target on AMN Healthcare Services from $87.00 to $75.00 and set a "market outperform" rating for the company in a report on Monday, February 26th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $85.00 to $83.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Finally, StockNews.com downgraded AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $87.25.

AMN Healthcare Services Stock Down 0.8 %

NYSE AMN traded down $0.44 during trading on Wednesday, reaching $56.39. 664,552 shares of the company's stock were exchanged, compared to its average volume of 789,168. The stock has a market cap of $2.14 billion, a P/E 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. The company has a 50 day moving average price of $61.50 and a two-hundred day moving average price of $68.77. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44.

Insider Buying and Selling

In other news, Director Jorge A. Caballero purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now directly owns 2,437 shares in the company, valued at approximately $138,421.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Caroline Grace bought 17,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the purchase, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 bought at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the purchase, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders have bought a total of 26,626 shares of company stock worth $1,516,899 in the last quarter. Company insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC lifted its stake in AMN Healthcare Services by 69.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company's stock valued at $27,000 after buying an additional 147 shares in the last quarter. GAMMA Investing LLC purchased a new stake in AMN Healthcare Services in the 4th quarter valued at approximately $31,000. Money Concepts Capital Corp purchased a new stake in AMN Healthcare Services in the 4th quarter valued at approximately $33,000. Quarry LP lifted its stake in shares of AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company's stock worth $39,000 after purchasing an additional 204 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

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.