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.
Wall Street Analysts Forecast Growth
AMN has been the subject of several recent analyst reports. Credit Suisse Group upped their price objective on AMN Healthcare Services to $125.00 in a research report on Tuesday. StockNews.com downgraded AMN Healthcare Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AMN Healthcare Services presently has a consensus rating of "Buy" and a consensus price target of $138.40.
AMN Healthcare Services Price Performance
AMN Healthcare Services stock opened at $114.23 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $4.94 billion, a PE ratio of 11.63, a P/E/G ratio of 3.16 and a beta of 0.26. AMN Healthcare Services has a 12 month low of $82.75 and a 12 month high of $129.12. The stock has a 50-day moving average price of $110.54 and a two-hundred day moving average price of $103.64.
AMN Healthcare Services (NYSE:AMN - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.31. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. AMN Healthcare Services had a return on equity of 49.78% and a net margin of 8.81%. The business's quarterly revenue was up 66.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Analysts expect that AMN Healthcare Services will post 11.16 EPS for the current year.
Insider Activity
In related news, insider Mark Christopher Hagan sold 1,400 shares of the firm's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $97.53, for a total transaction of $136,542.00. Following the completion of the sale, the insider now owns 13,345 shares of the company's stock, valued at $1,301,537.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company's stock.