Brokerages forecast that Amn Healthcare Services Inc (NYSE:AMN) will announce $534.79 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Amn Healthcare Services’ earnings. The highest sales estimate is $536.05 million and the lowest is $533.63 million. Amn Healthcare Services reported sales of $489.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is scheduled to issue its next earnings report on Thursday, August 2nd.
On average, analysts expect that Amn Healthcare Services will report full-year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.21 billion. For the next financial year, analysts expect that the company will report sales of $2.34 billion per share, with estimates ranging from $2.32 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Amn Healthcare Services.
Amn Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. Amn Healthcare Services had a net margin of 7.11% and a return on equity of 24.50%. The firm had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $518.97 million. During the same period in the previous year, the company earned $0.65 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis.
In other Amn Healthcare Services news, insider Susan R. Salka sold 31,952 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $54.63, for a total transaction of $1,745,537.76. Following the completion of the transaction, the insider now owns 238,025 shares in the company, valued at $13,003,305.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Jeffrey Harris sold 19,524 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $54.38, for a total transaction of $1,061,715.12. Following the transaction, the director now owns 88,189 shares of the company’s stock, valued at approximately $4,795,717.82. The disclosure for this sale can be found here. Insiders have sold 55,521 shares of company stock valued at $3,044,603 in the last quarter. 2.18% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Amn Healthcare Services by 3.8% in the 1st quarter. BlackRock Inc. now owns 6,161,359 shares of the company’s stock worth $349,658,000 after buying an additional 226,483 shares during the period. PNC Financial Services Group Inc. increased its stake in Amn Healthcare Services by 1.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,169,319 shares of the company’s stock worth $66,361,000 after buying an additional 15,988 shares during the period. Victory Capital Management Inc. increased its stake in Amn Healthcare Services by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,021,463 shares of the company’s stock worth $50,307,000 after buying an additional 231,101 shares during the period. Principal Financial Group Inc. grew its holdings in Amn Healthcare Services by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 967,438 shares of the company’s stock worth $54,902,000 after acquiring an additional 5,339 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in Amn Healthcare Services during the 1st quarter worth about $50,871,000.
AMN stock traded down $0.70 during midday trading on Friday, reaching $54.80. 617,090 shares of the company’s stock traded hands, compared to its average volume of 782,328. Amn Healthcare Services has a 52-week low of $34.71 and a 52-week high of $68.20. The stock has a market cap of $2.62 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.29 and a beta of 0.42. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53.
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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