AMN Healthcare Services (NYSE:AMN) Shares Up 9.1% Following Better-Than-Expected Earnings

AMN Healthcare Services, Inc. (NYSE:AMN)’s stock price shot up 9.1% on Friday following a better than expected earnings announcement. The stock traded as high as $80.40 and last traded at $78.54, 1,154,056 shares changed hands during trading. An increase of 273% from the average session volume of 309,263 shares. The stock had previously closed at $71.98.

The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $586.89 million for the quarter, compared to analysts’ expectations of $575.50 million. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%.

AMN has been the topic of several analyst reports. Cfra upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Friday. Benchmark restated a “buy” rating and set a $78.00 price objective (up previously from $73.00) on shares of AMN Healthcare Services in a report on Friday. SunTrust Banks raised their price objective on AMN Healthcare Services from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Sidoti raised their price objective on AMN Healthcare Services from $73.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $74.00.

In other news, CEO Susan R. Salka sold 32,721 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $62.05, for a total transaction of $2,030,338.05. Following the sale, the chief executive officer now owns 116,145 shares in the company, valued at $7,206,797.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian M. Scott sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $70.07, for a total value of $525,525.00. Following the sale, the chief financial officer now owns 40,196 shares in the company, valued at approximately $2,816,533.72. The disclosure for this sale can be found here. Insiders have sold 76,253 shares of company stock worth $4,778,204 in the last 90 days. Insiders own 2.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of AMN. Firestone Capital Management purchased a new position in shares of AMN Healthcare Services in the 4th quarter worth $28,000. Americana Partners LLC purchased a new position in shares of AMN Healthcare Services in the 4th quarter worth $27,000. Financial Advantage Inc. purchased a new position in shares of AMN Healthcare Services in the 3rd quarter worth $27,000. Nisa Investment Advisors LLC raised its position in shares of AMN Healthcare Services by 55.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 675 shares of the company’s stock worth $42,000 after buying an additional 240 shares during the period. Finally, Allred Capital Management LLC purchased a new position in shares of AMN Healthcare Services in the 4th quarter worth $50,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.28 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79. The firm has a 50-day moving average of $66.17 and a two-hundred day moving average of $59.80.

AMN Healthcare Services Company Profile (NYSE:AMN)

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.

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