AMN Healthcare Services, Inc. (NYSE:AMN) – William Blair boosted their FY2020 EPS estimates for shares of AMN Healthcare Services in a research report issued to clients and investors on Monday, January 11th. William Blair analyst T. Mulrooney now anticipates that the company will post earnings per share of $3.25 for the year, up from their previous estimate of $3.20. William Blair also issued estimates for AMN Healthcare Services’ Q4 2020 earnings at $0.80 EPS, Q1 2021 earnings at $0.78 EPS, Q2 2021 earnings at $0.75 EPS and Q4 2021 earnings at $0.88 EPS.
A number of other equities analysts have also recently commented on the company. B. Riley reiterated a “buy” rating on shares of AMN Healthcare Services in a report on Friday, November 6th. Truist lifted their price target on AMN Healthcare Services from $68.00 to $78.00 in a report on Friday, November 6th. Zacks Investment Research cut AMN Healthcare Services from a “hold” rating to a “sell” rating and set a $62.00 price target for the company. in a report on Wednesday, October 7th. Bank of America began coverage on AMN Healthcare Services in a report on Thursday, October 8th. They set a “buy” rating and a $70.00 price target for the company. Finally, TheStreet upgraded AMN Healthcare Services from a “c+” rating to a “b-” rating in a report on Friday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.75.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.13. The company had revenue of $551.60 million during the quarter, compared to analysts’ expectations of $520.44 million. AMN Healthcare Services had a return on equity of 20.38% and a net margin of 3.78%. AMN Healthcare Services’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of AMN Healthcare Services by 0.3% in the second quarter. California State Teachers Retirement System now owns 70,212 shares of the company’s stock valued at $3,176,000 after buying an additional 222 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of AMN Healthcare Services by 1.5% during the 3rd quarter. Isthmus Partners LLC now owns 20,245 shares of the company’s stock valued at $1,184,000 after purchasing an additional 302 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in shares of AMN Healthcare Services by 2.2% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 14,907 shares of the company’s stock valued at $871,000 after purchasing an additional 328 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of AMN Healthcare Services by 39.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,238 shares of the company’s stock valued at $72,000 after purchasing an additional 350 shares in the last quarter. Finally, GWM Advisors LLC lifted its position in AMN Healthcare Services by 2.1% during the 3rd quarter. GWM Advisors LLC now owns 17,298 shares of the company’s stock valued at $1,011,000 after acquiring an additional 354 shares during the period. Institutional investors own 94.61% of the company’s stock.
In other news, CEO Susan R. Salka sold 5,988 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $68.67, for a total value of $411,195.96. Following the completion of the sale, the chief executive officer now directly owns 48,296 shares in the company, valued at $3,316,486.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Denise L. Jackson sold 788 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $69.85, for a total transaction of $55,041.80. Following the completion of the sale, the insider now owns 21,491 shares of the company’s stock, valued at $1,501,146.35. The disclosure for this sale can be found here. Insiders have sold 39,350 shares of company stock valued at $2,735,206 over the last 90 days. Company insiders own 1.35% of the company’s stock.
AMN Healthcare Services Company Profile
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, Locum Tenens Solutions, and Other Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, Advanced, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a staffing solution under the NurseChoice and HealthSource Global Staffing brands; local, or per diem, staffing for daily shift work under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.
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