AMN Healthcare Services (NYSE:AMN) Announces Earnings Results

AMN Healthcare Services (NYSE:AMN) announced its earnings results on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01, Briefing.com reports. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $820.90 million for the quarter, compared to analyst estimates of $816.54 million. The business’s revenue was down 27.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 EPS. AMN Healthcare Services updated its Q2 2024 guidance to EPS.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock traded up $0.56 during mid-day trading on Thursday, reaching $60.85. The company had a trading volume of 892,724 shares, compared to its average volume of 763,524. The business has a fifty day simple moving average of $59.43 and a 200 day simple moving average of $66.72. The company has a market cap of $2.31 billion, a P/E ratio of 11.41 and a beta of 0.22. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57.

Insider Transactions at AMN Healthcare Services

In other news, CEO Caroline Grace purchased 17,500 shares of AMN Healthcare Services stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Caroline Grace acquired 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey R. Knudson acquired 6,951 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the purchase, the chief financial officer now owns 27,804 shares of the company’s stock, valued at $1,605,681. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 26,626 shares of company stock worth $1,516,899. Corporate insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMN. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Truist Financial dropped their price target on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Thursday, May 2nd. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.86.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to 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, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.