Zacks: Brokerages Expect AMN Healthcare Services, Inc. (AMN) Will Announce Quarterly Sales of $539.25 Million

Equities analysts expect that AMN Healthcare Services, Inc. (NYSE:AMN) will announce $539.25 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for AMN Healthcare Services’ earnings, with the highest sales estimate coming in at $539.88 million and the lowest estimate coming in at $538.80 million. AMN Healthcare Services reported sales of $509.08 million during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is expected to report its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that AMN Healthcare Services will report full-year sales of $2.15 billion for the current fiscal year. For the next fiscal year, analysts expect that the firm will report sales of $2.23 billion, with estimates ranging from $2.21 billion to $2.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AMN Healthcare Services.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The business had revenue of $526.84 million during the quarter, compared to analysts’ expectations of $526.90 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. BMO Capital Markets dropped their price objective on AMN Healthcare Services from $61.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $65.44.

In related news, insider Susan R. Salka sold 11,953 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $56.49, for a total transaction of $675,224.97. Following the completion of the transaction, the insider now directly owns 153,789 shares of the company’s stock, valued at approximately $8,687,540.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Weaver sold 5,000 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $64.50, for a total value of $322,500.00. Following the transaction, the director now directly owns 38,022 shares of the company’s stock, valued at $2,452,419. The disclosure for this sale can be found here. Insiders have sold a total of 71,805 shares of company stock valued at $4,271,455 over the last three months. 2.18% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in AMN Healthcare Services by 15.2% during the 2nd quarter. FMR LLC now owns 1,026,700 shares of the company’s stock worth $60,165,000 after purchasing an additional 135,300 shares in the last quarter. Northern Trust Corp grew its stake in AMN Healthcare Services by 8.8% during the 2nd quarter. Northern Trust Corp now owns 674,253 shares of the company’s stock worth $39,511,000 after purchasing an additional 54,499 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in AMN Healthcare Services during the 3rd quarter worth $200,000. BlackRock Inc. grew its stake in AMN Healthcare Services by 1.3% during the 3rd quarter. BlackRock Inc. now owns 6,782,835 shares of the company’s stock worth $371,022,000 after purchasing an additional 88,469 shares in the last quarter. Finally, Scout Investments Inc. grew its stake in AMN Healthcare Services by 2.3% during the 3rd quarter. Scout Investments Inc. now owns 112,924 shares of the company’s stock worth $6,177,000 after purchasing an additional 2,579 shares in the last quarter.

Shares of NYSE AMN opened at $59.81 on Friday. AMN Healthcare Services has a twelve month low of $47.05 and a twelve month high of $68.20. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.62 billion, a PE ratio of 23.36, a PEG ratio of 1.23 and a beta of 0.69.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The company operates through the following segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing and Physician Permanent Placement Services.

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