AMN Healthcare Services, Inc. to Post Q4 2022 Earnings of $2.10 Per Share, Jefferies Financial Group Forecasts (NYSE:AMN)


AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) – Research analysts at Jefferies Financial Group upped their Q4 2022 EPS estimates for shares of AMN Healthcare Services in a note issued to investors on Monday, May 23rd. Jefferies Financial Group analyst B. Tanquilut now forecasts that the company will post earnings of $2.10 per share for the quarter, up from their previous forecast of $1.92. Jefferies Financial Group currently has a “Buy” rating and a $170.00 target price on the stock. Jefferies Financial Group also issued estimates for AMN Healthcare Services’ FY2023 earnings at $8.48 EPS.

AMN Healthcare Services (NYSE:AMN – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.24. AMN Healthcare Services had a net margin of 8.67% and a return on equity of 44.09%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm’s revenue for the quarter was up 71.8% on a year-over-year basis.

Several other research firms have also recently weighed in on AMN. StockNews.com upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 18th. Benchmark increased their target price on AMN Healthcare Services from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 18th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $141.20.

Shares of AMN stock opened at $88.13 on Wednesday. The company has a market capitalization of $3.94 billion, a P/E ratio of 10.44, a PEG ratio of 7.74 and a beta of 0.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day moving average price of $99.37 and a two-hundred day moving average price of $105.24. AMN Healthcare Services has a fifty-two week low of $82.75 and a fifty-two week high of $129.12.

In related news, CEO Susan R. Salka sold 22,475 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $107.12, for a total value of $2,407,522.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeffrey R. Knudson purchased 5,360 shares of the business’s stock in a transaction on Friday, March 11th. The shares were bought at an average cost of $93.30 per share, with a total value of $500,088.00. The disclosure for this purchase can be found here. 0.80% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of AMN Healthcare Services by 6.1% during the 1st quarter. FMR LLC now owns 256,084 shares of the company’s stock valued at $12,059,000 after purchasing an additional 14,801 shares during the last quarter. First Trust Advisors LP increased its position in shares of AMN Healthcare Services by 111.3% during the 1st quarter. First Trust Advisors LP now owns 67,437 shares of the company’s stock valued at $3,176,000 after purchasing an additional 35,522 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of AMN Healthcare Services by 0.5% in the third quarter. California Public Employees Retirement System now owns 108,165 shares of the company’s stock valued at $12,412,000 after acquiring an additional 564 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in AMN Healthcare Services by 5.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 2,468 shares of the company’s stock valued at $283,000 after purchasing an additional 126 shares during the last quarter. Finally, Pearl River Capital LLC grew its stake in shares of AMN Healthcare Services by 21.4% during the third quarter. Pearl River Capital LLC now owns 2,684 shares of the company’s stock valued at $308,000 after buying an additional 473 shares during the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

About AMN Healthcare Services (Get Rating)

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

Featured Stories

Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)



Receive News & Ratings for AMN Healthcare Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AMN Healthcare Services and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment