William Blair Brokers Reduce Earnings Estimates for AMN

AMN Healthcare Services, Inc. (NYSE:AMN) – Stock analysts at William Blair lowered their Q4 2024 EPS estimates for shares of AMN Healthcare Services in a report issued on Friday, November 8th. William Blair analyst T. Romeo now forecasts that the company will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.61. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for AMN Healthcare Services’ current full-year earnings is $3.13 per share.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.35%. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period last year, the business posted $1.97 earnings per share.

Several other research firms have also recently weighed in on AMN. UBS Group lowered their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities lowered their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Finally, BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.60.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $27.80 on Monday. The business’s 50 day moving average is $42.13 and its 200-day moving average is $50.96. The firm has a market cap of $1.06 billion, a P/E ratio of 20.15 and a beta of 0.13. AMN Healthcare Services has a 1-year low of $26.77 and a 1-year high of $80.22. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in AMN Healthcare Services by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after purchasing an additional 37,676 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of AMN Healthcare Services in the 2nd quarter valued at $99,349,000. Thrivent Financial for Lutherans lifted its stake in shares of AMN Healthcare Services by 2.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after acquiring an additional 30,157 shares during the last quarter. Swedbank AB acquired a new stake in shares of AMN Healthcare Services during the 1st quarter valued at $70,617,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in AMN Healthcare Services by 23.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.93% 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.