AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions. The Physician and Leadership Solutions segment provides locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement solutions. The Technology and Workforce Solutions segment offers language services, vendor management systems, workforce optimization, telehealth, credentialing, and outsourced solutions. The company also provides allied health professionals, such as physical therapists, respiratory therapists, occupational therapists, medical and radiology technologists, lab technicians, speech pathologists, rehabilitation assistants, and pharmacists. It offers its services under the brands, including American Mobile, Nursefinders, NurseChoice, HealthSource Global Staffing, Onward Healthcare, O'Grady Peyton International, Med Travelers, Club Staffing, Staff Care, B.E. Smith, and Merritt Hawkins, as well as AMN Revenue Cycle Solutions and AMN Language Services. The company was founded in 1985 and is based in Dallas, Texas.
AMN Healthcare Services Stock Down 1.9 %
Shares of NYSE:AMN traded down $2.12 during midday trading on Monday, reaching $112.11. The company's stock had a trading volume of 508,465 shares, compared to its average volume of 683,427. The firm has a 50 day moving average of $110.79 and a 200-day moving average of $103.81. The firm has a market capitalization of $4.85 billion, a P/E ratio of 11.42, a PEG ratio of 3.18 and a beta of 0.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. AMN Healthcare Services has a 12-month low of $82.75 and a 12-month high of $129.12.
AMN Healthcare Services (NYSE:AMN - Get Rating) last released its earnings results on Thursday, August 4th. The company reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $3.00 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. AMN Healthcare Services had a net margin of 8.81% and a return on equity of 49.78%. The company's revenue was up 66.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. On average, research analysts anticipate that AMN Healthcare Services will post 11.16 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on AMN. StockNews.com downgraded shares of AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. Credit Suisse Group boosted their price objective on shares of AMN Healthcare Services to $125.00 in a research report on Tuesday, August 9th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $138.40.
Insider Buying and Selling
In related news, insider Mark Christopher Hagan sold 1,400 shares of the company's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $97.53, for a total value of $136,542.00. Following the transaction, the insider now owns 13,345 shares in the company, valued at approximately $1,301,537.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.