AMN Healthcare Services (NYSE:AMN) Issues Earnings Results

AMN Healthcare Services (NYSE:AMN) issued its quarterly earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11, Bloomberg Earnings reports. AMN Healthcare Services had a net margin of 5.64% and a return on equity of 22.47%. The company had revenue of $586.89 million for the quarter, compared to analyst estimates of $575.50 million. AMN Healthcare Services updated its Q1 2020
After-Hours guidance to EPS.

Shares of AMN traded up $6.56 during trading hours on Friday, reaching $78.54. The company had a trading volume of 53,604 shares, compared to its average volume of 281,104. The firm has a 50 day simple moving average of $65.84 and a 200-day simple moving average of $59.69. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.67 and a beta of 0.79. AMN Healthcare Services has a 12-month low of $45.04 and a 12-month high of $73.35.

A number of research analysts recently issued reports on the stock. Cfra upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Friday. ValuEngine lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Sidoti raised their target price on shares of AMN Healthcare Services from $73.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Benchmark reiterated a “buy” rating and set a $78.00 target price (up previously from $73.00) on shares of AMN Healthcare Services in a research note on Friday. Finally, SunTrust Banks upped their price target on AMN Healthcare Services from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. AMN Healthcare Services presently has a consensus rating of “Buy” and an average price target of $74.00.

In other news, Director Douglas D. Wheat sold 5,518 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $60.05, for a total transaction of $331,355.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Susan R. Salka sold 32,721 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.05, for a total value of $2,030,338.05. Following the sale, the chief executive officer now directly owns 116,145 shares in the company, valued at approximately $7,206,797.25. The disclosure for this sale can be found here. Insiders sold a total of 76,253 shares of company stock valued at $4,778,204 in the last quarter. Insiders own 2.07% of the company’s stock.

About AMN Healthcare Services

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.

See Also: Resistance Level

Earnings History 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.