Q4 2019 EPS Estimates for AMN Healthcare Services, Inc. Reduced by Analyst (AMN)

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AMN Healthcare Services, Inc. (NYSE:AMN) – William Blair lowered their Q4 2019 earnings per share estimates for AMN Healthcare Services in a research note issued on Tuesday, March 5th. William Blair analyst T. Mchugh now expects that the company will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.92.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $528.60 million for the quarter, compared to analysts’ expectations of $539.25 million. AMN Healthcare Services had a net margin of 6.64% and a return on equity of 25.86%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Sidoti set a $73.00 target price on shares of AMN Healthcare Services and gave the company a “buy” rating in a research note on Friday, February 15th. ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Jefferies Financial Group lifted their target price on shares of AMN Healthcare Services to $74.00 and gave the company a “buy” rating in a research note on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. AMN Healthcare Services has an average rating of “Buy” and an average price target of $66.80.

Shares of NYSE:AMN opened at $47.14 on Thursday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.35 and a beta of 0.79. AMN Healthcare Services has a 12-month low of $46.52 and a 12-month high of $68.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.58.

Several hedge funds have recently added to or reduced their stakes in AMN. Federated Investors Inc. PA lifted its stake in shares of AMN Healthcare Services by 670,395.1% in the 3rd quarter. Federated Investors Inc. PA now owns 1,220,301 shares of the company’s stock valued at $66,751,000 after purchasing an additional 1,220,119 shares during the last quarter. Norges Bank acquired a new position in AMN Healthcare Services during the 4th quarter worth $26,156,000. Vaughan Nelson Investment Management L.P. lifted its position in AMN Healthcare Services by 87.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 516,260 shares of the company’s stock worth $29,252,000 after acquiring an additional 240,485 shares during the last quarter. Millennium Management LLC lifted its position in AMN Healthcare Services by 1,850.3% during the 4th quarter. Millennium Management LLC now owns 217,846 shares of the company’s stock worth $12,343,000 after acquiring an additional 206,676 shares during the last quarter. Finally, Morgan Stanley lifted its position in AMN Healthcare Services by 121.9% during the 3rd quarter. Morgan Stanley now owns 258,888 shares of the company’s stock worth $14,161,000 after acquiring an additional 142,225 shares during the last quarter.

In related news, CFO Brian M. Scott sold 7,500 shares of AMN Healthcare Services stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $65.01, for a total value of $487,575.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan R. Salka sold 39,552 shares of AMN Healthcare Services stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $57.90, for a total transaction of $2,290,060.80. Following the completion of the sale, the insider now directly owns 197,707 shares of the company’s stock, valued at approximately $11,447,235.30. The disclosure for this sale can be found here. 2.18% of the stock is currently owned by insiders.

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

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