AMN Healthcare Services (NYSE:AMN) Announces Quarterly Earnings Results

AMN Healthcare Services (NYSE:AMN) announced its quarterly earnings data on Tuesday. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07, Bloomberg Earnings reports. The firm had revenue of $535.20 million during the quarter, compared to the consensus estimate of $526.06 million. AMN Healthcare Services had a return on equity of 24.75% and a net margin of 6.21%. The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. AMN Healthcare Services updated its Q3 2019 guidance to EPS.

Shares of AMN Healthcare Services stock opened at $52.38 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $2.41 billion, a P/E ratio of 15.92, a PEG ratio of 1.39 and a beta of 0.89. The company’s 50 day simple moving average is $53.93. AMN Healthcare Services has a 52 week low of $45.04 and a 52 week high of $65.81.

A number of equities analysts recently commented on the company. BMO Capital Markets upped their target price on AMN Healthcare Services from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, June 18th. ValuEngine upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. AMN Healthcare Services currently has a consensus rating of “Buy” and a consensus target price of $67.00.

In related news, insider Denise L. Jackson sold 773 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $55.00, for a total transaction of $42,515.00. Following the completion of the transaction, the insider now owns 20,152 shares in the company, valued at $1,108,360. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan R. Salka sold 29,179 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $51.02, for a total value of $1,488,712.58. Following the transaction, the insider now owns 195,686 shares of the company’s stock, valued at approximately $9,983,899.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,021 shares of company stock valued at $2,575,229. 2.07% of the stock is owned by corporate insiders.

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.

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Earnings History for AMN Healthcare Services (NYSE:AMN)

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