William Blair Brokers Boost Earnings Estimates for AMN Healthcare Services Inc (AMN)
AMN Healthcare Services Inc (NYSE:AMN) – Analysts at William Blair upped their FY2017 earnings per share (EPS) estimates for shares of AMN Healthcare Services in a note issued to investors on Thursday. William Blair analyst T. Mchugh now anticipates that the company will earn $2.57 per share for the year, up from their previous estimate of $2.53. William Blair also issued estimates for AMN Healthcare Services’ Q4 2017 earnings at $0.64 EPS, Q2 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.71 EPS and FY2019 earnings at $3.00 EPS.
AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The business had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. During the same period in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/08/william-blair-brokers-boost-earnings-estimates-for-amn-healthcare-services-inc-amn.html.
AMN has been the subject of a number of other reports. ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets restated a “buy” rating and set a $43.00 target price on shares of AMN Healthcare Services in a research note on Friday, September 1st. Zacks Investment Research cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Benchmark Co. restated a “buy” rating and set a $52.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a research note on Wednesday, October 25th. Finally, Robert W. Baird boosted their target price on AMN Healthcare Services from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.50.
AMN Healthcare Services (NYSE:AMN) opened at $41.95 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 1.81. The stock has a market capitalization of $2,030.32, a P/E ratio of 16.67 and a beta of 0.41. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $46.60.
In other news, insider Ralph Henderson sold 6,906 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the transaction, the insider now directly owns 31,772 shares in the company, valued at approximately $1,461,512. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan R. Salka sold 74,456 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $41.86, for a total transaction of $3,116,728.16. Following the completion of the sale, the insider now owns 256,561 shares of the company’s stock, valued at $10,739,643.46. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AMN. BlackRock Inc. acquired a new stake in AMN Healthcare Services in the first quarter valued at approximately $229,289,000. Vanguard Group Inc. purchased a new position in AMN Healthcare Services in the first quarter valued at about $172,667,000. State Street Corp purchased a new position in AMN Healthcare Services in the first quarter valued at about $47,957,000. Hermes Investment Management Ltd. bought a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $41,404,000. Finally, Aberdeen Asset Management PLC UK bought a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $33,090,000.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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