Jefferies Financial Group Comments on AMN Healthcare Services, Inc.’s FY2021 Earnings (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) – Investment analysts at Jefferies Financial Group increased their FY2021 EPS estimates for shares of AMN Healthcare Services in a research report issued to clients and investors on Wednesday, January 12th. Jefferies Financial Group analyst B. Tanquilut now anticipates that the company will post earnings per share of $7.72 for the year, up from their previous estimate of $7.27. Jefferies Financial Group also issued estimates for AMN Healthcare Services’ Q3 2022 earnings at $1.67 EPS, Q4 2022 earnings at $1.65 EPS and FY2023 earnings at $6.49 EPS.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 4th. The company reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.43. AMN Healthcare Services had a return on equity of 31.31% and a net margin of 6.78%. The company had revenue of $877.80 million during the quarter, compared to analysts’ expectations of $770.78 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 59.1% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the company. Credit Suisse Group boosted their price objective on AMN Healthcare Services from $115.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, November 17th. BMO Capital Markets upped their price target on AMN Healthcare Services from $115.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, November 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, AMN Healthcare Services has a consensus rating of “Buy” and an average price target of $131.50.

Shares of NYSE AMN opened at $108.34 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.81. AMN Healthcare Services has a twelve month low of $69.50 and a twelve month high of $129.12. The stock has a 50 day moving average of $114.37 and a two-hundred day moving average of $108.86. The stock has a market cap of $5.12 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.02 and a beta of 0.27.

In related news, insider Denise L. Jackson sold 5,232 shares of the company’s stock in a transaction on Wednesday, January 5th. The stock was sold at an average price of $119.80, for a total transaction of $626,793.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Susan R. Salka sold 12,654 shares of the company’s stock in a transaction on Thursday, December 23rd. The stock was sold at an average price of $120.23, for a total value of $1,521,390.42. The disclosure for this sale can be found here. Insiders have sold 32,195 shares of company stock valued at $3,714,590 in the last 90 days. Company insiders own 0.98% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. PSI Advisors LLC acquired a new stake in AMN Healthcare Services in the third quarter valued at $28,000. Danda Trouve Investment Management Inc. acquired a new stake in AMN Healthcare Services in the third quarter valued at $29,000. Dark Forest Capital Management LP acquired a new stake in AMN Healthcare Services in the third quarter valued at $32,000. Total Clarity Wealth Management Inc. acquired a new stake in AMN Healthcare Services in the third quarter valued at $45,000. Finally, Arkadios Wealth Advisors acquired a new stake in AMN Healthcare Services in the third quarter valued at $52,000. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

About AMN Healthcare Services

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 firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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Earnings History and Estimates for AMN Healthcare Services (NYSE:AMN)

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