Brokerages expect AMN Healthcare Services, Inc. (NYSE:AMN) to post sales of $811.31 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for AMN Healthcare Services' earnings. The lowest sales estimate is $806.99 million and the highest is $815.40 million. AMN Healthcare Services posted sales of $602.46 million in the same quarter last year, which suggests a positive year over year growth rate of 34.7%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, May 6th.
On average, analysts expect that AMN Healthcare Services will report full year sales of $2.80 billion for the current fiscal year, with estimates ranging from $2.74 billion to $2.85 billion. For the next year, analysts anticipate that the company will report sales of $2.59 billion, with estimates ranging from $2.53 billion to $2.65 billion. Zacks' sales averages are a mean average based on a survey of research analysts that follow AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Wednesday, February 17th. The company reported $1.00 EPS for the quarter, beating the Zacks' consensus estimate of $0.88 by $0.12. The company had revenue of $631.27 million during the quarter, compared to analysts' expectations of $625.62 million. AMN Healthcare Services had a return on equity of 20.38% and a net margin of 3.78%.
A number of brokerages have weighed in on AMN. Truist increased their price target on AMN Healthcare Services from $84.00 to $95.00 in a report on Friday, February 19th. BMO Capital Markets raised their target price on AMN Healthcare Services from $81.00 to $86.00 and gave the company an "outperform" rating in a research note on Monday, March 1st. Finally, Jefferies Financial Group restated a "buy" rating on shares of AMN Healthcare Services in a research note on Friday, April 9th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and a consensus target price of $74.50.
In other AMN Healthcare Services news, Director Martha H. Marsh sold 18,175 shares of AMN Healthcare Services stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $77.32, for a total transaction of $1,405,291.00. Following the completion of the transaction, the director now owns 29,090 shares in the company, valued at approximately $2,249,238.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise L. Jackson sold 2,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $76.84, for a total value of $153,680.00. Following the transaction, the insider now owns 16,752 shares of the company's stock, valued at approximately $1,287,223.68. The disclosure for this sale can be found here. Insiders have sold a total of 22,901 shares of company stock valued at $1,758,269 in the last quarter. Company insiders own 1.35% of the company's stock.
Several institutional investors have recently bought and sold shares of AMN. International Assets Investment Management LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $29,000. James Investment Research Inc. bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $61,000. Focused Wealth Management Inc bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $61,000. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $72,000. Finally, Veriti Management LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $109,000. 94.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMN Healthcare Services stock opened at $81.37 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $76.36 and a two-hundred day moving average price of $71.49. AMN Healthcare Services has a 1-year low of $36.65 and a 1-year high of $81.73. The company has a market cap of $3.84 billion, a P/E ratio of 43.51, a PEG ratio of 3.81 and a beta of 0.51.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, and O'Grady Peyton brands; rapid response nurse staffing and labor disruption services under the NurseChoice and HealthSource Global Staffing brands; local or per diem staffing services under Nursefinders brand; and locum tenens staffing services under the Staff Care and Locum Leaders brands.
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