AMN Healthcare Services (NYSE:AMN) Issues Quarterly Earnings Results, Beats Expectations By $0.23 EPS

AMN Healthcare Services (NYSE:AMN) announced its earnings results on Thursday. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23, Zacks reports. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%.

AMN Healthcare Services Price Performance

Shares of AMN traded up $2.00 during mid-day trading on Thursday, reaching $25.84. The company had a trading volume of 2,047,555 shares, compared to its average volume of 839,195. AMN Healthcare Services has a twelve month low of $22.47 and a twelve month high of $70.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $25.42 and its 200-day moving average is $35.45. The company has a market capitalization of $983.69 million, a P/E ratio of 18.72 and a beta of 0.07.

Analysts Set New Price Targets

A number of analysts have commented on AMN shares. JMP Securities reiterated a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Jefferies Financial Group reduced their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Finally, William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.50.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.