Equities analysts expect that AMN Healthcare Services, Inc. (NYSE:AMN) will report sales of $534.79 million for the current quarter, according to Zacks. Three analysts have issued estimates for AMN Healthcare Services’ earnings, with the highest sales estimate coming in at $536.05 million and the lowest estimate coming in at $533.63 million. AMN Healthcare Services posted sales of $489.80 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The company is scheduled to report its next earnings results on Thursday, August 2nd.
On average, analysts expect that AMN Healthcare Services will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $2.16 billion to $2.21 billion. For the next year, analysts anticipate that the firm will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover AMN Healthcare Services.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $522.50 million during the quarter, compared to the consensus estimate of $518.97 million. AMN Healthcare Services had a net margin of 7.11% and a return on equity of 24.50%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share.
Shares of AMN Healthcare Services traded up $0.85, reaching $58.00, during midday trading on Monday, according to MarketBeat. The company’s stock had a trading volume of 10,383 shares, compared to its average volume of 534,319. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. AMN Healthcare Services has a fifty-two week low of $34.85 and a fifty-two week high of $68.20. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.35 and a beta of 0.38.
In related news, Director R Jeffrey Harris sold 19,524 shares of AMN Healthcare Services stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $54.38, for a total value of $1,061,715.12. Following the transaction, the director now directly owns 88,189 shares of the company’s stock, valued at $4,795,717.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise L. Jackson sold 4,000 shares of AMN Healthcare Services stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $58.73, for a total transaction of $234,920.00. Following the completion of the transaction, the insider now directly owns 22,952 shares in the company, valued at $1,347,970.96. The disclosure for this sale can be found here. Insiders sold 55,521 shares of company stock worth $3,044,603 over the last three months. 2.18% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in AMN Healthcare Services by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,934,876 shares of the company’s stock valued at $292,292,000 after acquiring an additional 174,113 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of AMN Healthcare Services by 52.1% during the fourth quarter. Alliancebernstein L.P. now owns 112,302 shares of the company’s stock worth $5,531,000 after buying an additional 38,460 shares during the last quarter. Swiss National Bank grew its stake in shares of AMN Healthcare Services by 3.2% during the fourth quarter. Swiss National Bank now owns 81,700 shares of the company’s stock worth $4,024,000 after buying an additional 2,500 shares during the last quarter. First Trust Advisors LP grew its stake in shares of AMN Healthcare Services by 58.4% during the fourth quarter. First Trust Advisors LP now owns 63,538 shares of the company’s stock worth $3,129,000 after buying an additional 23,428 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of AMN Healthcare Services during the fourth quarter worth $210,000.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.
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