Jefferies Financial Group Analysts Increase Earnings Estimates for AMN Healthcare Services, Inc. (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Research analysts at Jefferies Financial Group upped their FY2021 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a note issued to investors on Wednesday, January 12th. Jefferies Financial Group analyst B. Tanquilut now forecasts that the company will post earnings per share of $7.72 for the year, up from their prior forecast of $7.27. Jefferies Financial Group also issued estimates for AMN Healthcare Services’ Q3 2022 earnings at $1.67 EPS, Q4 2022 earnings at $1.65 EPS and FY2023 earnings at $6.49 EPS.

A number of other brokerages have also commented on AMN. Credit Suisse Group lifted their price target on shares of AMN Healthcare Services from $115.00 to $139.00 and gave the stock an “outperform” rating in a report on Wednesday, November 17th. BMO Capital Markets lifted their price target on shares of AMN Healthcare Services from $115.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, November 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $131.50.

NYSE AMN opened at $108.34 on Friday. The firm’s fifty day moving average price is $114.37 and its two-hundred day moving average price is $108.86. The stock has a market cap of $5.12 billion, a PE ratio of 23.60, a PEG ratio of 1.02 and a beta of 0.27. AMN Healthcare Services has a fifty-two week low of $69.50 and a fifty-two week high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.40 and a current ratio of 1.40.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 4th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.43. The business had revenue of $877.80 million for the quarter, compared to analysts’ expectations of $770.78 million. AMN Healthcare Services had a net margin of 6.78% and a return on equity of 31.31%. The firm’s quarterly revenue was up 59.1% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share.

In related news, CEO Susan R. Salka sold 12,654 shares of the business’s stock in a transaction on Thursday, December 23rd. The shares were sold at an average price of $120.23, for a total value of $1,521,390.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Denise L. Jackson sold 5,232 shares of the company’s stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $119.80, for a total transaction of $626,793.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,195 shares of company stock worth $3,714,590. 0.98% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of AMN Healthcare Services by 1,704.2% during the second quarter. Macquarie Group Ltd. now owns 704,216 shares of the company’s stock worth $68,295,000 after acquiring an additional 665,185 shares in the last quarter. Millennium Management LLC increased its position in shares of AMN Healthcare Services by 146.1% during the third quarter. Millennium Management LLC now owns 723,585 shares of the company’s stock worth $83,031,000 after acquiring an additional 429,601 shares in the last quarter. Scout Investments Inc. increased its position in shares of AMN Healthcare Services by 241.7% during the fourth quarter. Scout Investments Inc. now owns 542,690 shares of the company’s stock worth $66,387,000 after acquiring an additional 383,847 shares in the last quarter. Invesco Ltd. increased its position in shares of AMN Healthcare Services by 113.9% during the third quarter. Invesco Ltd. now owns 659,456 shares of the company’s stock worth $75,673,000 after acquiring an additional 351,084 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of AMN Healthcare Services by 3.8% during the second quarter. Vanguard Group Inc. now owns 5,292,383 shares of the company’s stock worth $513,256,000 after acquiring an additional 192,936 shares in the last quarter. Hedge funds and other institutional investors own 90.32% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)

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