AMN Healthcare Services (NYSE:AMN) Announces Quarterly Earnings Results

AMN Healthcare Services (NYSE:AMN) released its earnings results on Thursday. The company reported $0.97 EPS for the quarter, beating the consensus estimate 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. During the same period last year, the firm earned $2.49 EPS. The business’s quarterly revenue was down 27.1% compared to the same quarter last year. AMN Healthcare Services updated its Q2 2024 guidance to EPS.

AMN Healthcare Services Stock Up 0.9 %

NYSE:AMN opened at $60.85 on Friday. The firm’s 50 day simple moving average is $59.52 and its 200 day simple moving average is $66.68. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. AMN Healthcare Services has a one year low of $53.77 and a one year high of $112.44. The company has a market cap of $2.31 billion, a PE ratio of 11.50 and a beta of 0.22.

Insider Buying and Selling

In other AMN Healthcare Services news, Director Jorge A. Caballero bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the transaction, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jorge A. Caballero purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the transaction, the director now owns 2,437 shares of the company’s stock, valued at $138,421.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Caroline Grace purchased 17,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the transaction, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,626 shares of company stock worth $1,516,899 in the last ninety days. Company insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMN. Truist Financial decreased their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. JMP Securities decreased 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 report on Monday, February 26th. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.