AMN Healthcare Services, Inc. (NYSE:AMN) – Equities researchers at SunTrust Banks lowered their Q3 2019 earnings estimates for AMN Healthcare Services in a research note issued to investors on Tuesday, August 6th. SunTrust Banks analyst T. Sommer now anticipates that the company will earn $0.69 per share for the quarter, down from their previous forecast of $0.71. SunTrust Banks also issued estimates for AMN Healthcare Services’ Q4 2019 earnings at $0.78 EPS, Q1 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.85 EPS, Q4 2020 earnings at $0.95 EPS and FY2020 earnings at $3.42 EPS.

A number of other research firms also recently issued reports on AMN. BMO Capital Markets set a $60.00 price objective on shares of AMN Healthcare Services and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.

Shares of AMN stock opened at $55.60 on Friday. The company has a market cap of $2.59 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The company has a quick ratio of 1.47, a current ratio of 1.55 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average is $54.09. AMN Healthcare Services has a 52 week low of $45.04 and a 52 week high of $65.81.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Tuesday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $535.20 million during the quarter, compared to the consensus estimate of $526.06 million. AMN Healthcare Services had a net margin of 5.96% and a return on equity of 23.53%. AMN Healthcare Services’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS.

Large investors have recently modified their holdings of the company. ETF Managers Group LLC raised its position in shares of AMN Healthcare Services by 9.8% in the 1st quarter. ETF Managers Group LLC now owns 2,522 shares of the company’s stock valued at $119,000 after buying an additional 226 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of AMN Healthcare Services by 70.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 878,835 shares of the company’s stock valued at $41,385,000 after buying an additional 362,575 shares in the last quarter. Clark Capital Management Group Inc. acquired a new position in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $2,612,000. Northstar Capital Management LLC raised its position in shares of AMN Healthcare Services by 2.5% in the 1st quarter. Northstar Capital Management LLC now owns 65,989 shares of the company’s stock valued at $3,107,000 after buying an additional 1,615 shares in the last quarter. Finally, West Coast Financial LLC raised its position in shares of AMN Healthcare Services by 6.4% in the 1st quarter. West Coast Financial LLC now owns 149,266 shares of the company’s stock valued at $7,029,000 after buying an additional 8,966 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

In other AMN Healthcare Services news, insider Denise L. Jackson sold 773 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $55.00, for a total value of $42,515.00. Following the completion of the sale, the insider now owns 20,152 shares of the company’s stock, valued at approximately $1,108,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan R. Salka sold 45,975 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $49.92, for a total transaction of $2,295,072.00. Following the completion of the transaction, the insider now owns 149,711 shares of the company’s stock, valued at $7,473,573.12. The disclosure for this sale can be found here. Insiders sold a total of 91,328 shares of company stock valued at $4,627,145 in the last three months. Insiders own 2.07% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities 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; 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 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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