Zacks Research Issues Pessimistic Forecast for AMN Earnings

AMN Healthcare Services, Inc. (NYSE:AMN) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a research note issued to investors on Friday, October 18th. Zacks Research analyst D. Dey now expects that the company will earn $3.17 per share for the year, down from their previous forecast of $3.19. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.21 per share. Zacks Research also issued estimates for AMN Healthcare Services’ Q4 2024 earnings at $0.62 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.20 EPS and Q2 2026 earnings at $1.40 EPS.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same quarter in the prior year, the firm earned $2.38 earnings per share. AMN Healthcare Services’s revenue was down 25.3% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.00.

AMN Healthcare Services Stock Down 3.3 %

Shares of NYSE AMN opened at $41.01 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services has a 12-month low of $36.50 and a 12-month high of $80.22. The firm’s 50-day moving average price is $46.18 and its 200-day moving average price is $52.93. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.02 and a beta of 0.11.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tributary Capital Management LLC lifted its stake in AMN Healthcare Services by 20.2% in the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after acquiring an additional 44,740 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AMN Healthcare Services in the 2nd quarter worth approximately $45,481,000. New South Capital Management Inc. boosted its stake in shares of AMN Healthcare Services by 24.6% during the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Quadrature Capital Ltd increased its holdings in AMN Healthcare Services by 366.6% during the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after buying an additional 18,264 shares during the period. Finally, Virtu Financial LLC purchased a new position in AMN Healthcare Services during the first quarter valued at approximately $878,000. Institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

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.