AMN Healthcare Services (NYSE:AMN) Issues Earnings Results

AMN Healthcare Services (NYSE:AMN) posted its earnings results on Thursday. The company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50, FiscalAI reports. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.59%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 99.9% on a year-over-year basis.

Here are the key takeaways from AMN Healthcare Services’ conference call:

• AMN reported Q1 revenue of $1.38 billion, adjusted EBITDA of $166 million and a 26.8% gross margin, driven largely by successful support of multiple large labor‑disruption and rapid‑response events.
• Management warned labor‑disruption revenue is unpredictable and largely non‑recurring, and Q2 guidance steps down to $620–$635 million with adjusted EBITDA margin of 6.7%–7.2%, implying material normalization from Q1.
• Core operations improved ex‑disruption: Nurse & Allied ex‑event revenue rose 8% Y/Y, travel nurse revenue was up 13% Y/Y, Allied +3%, and international staffing returned to year‑over‑year growth.
• Pressure remains in other segments—Physician & Leadership Solutions revenue was down ~6% Y/Y (locums volume softer) and Technology & Workforce Solutions was down 15% Y/Y (10% ex‑divestiture), with language services facing pricing pressure despite margin gains from a new delivery model.
• The balance sheet strengthened (cash of $561 million and leverage of 1.6x at quarter end), though a large portion of cash reflected client deposits being refunded; management expects leverage ≤2x for the remainder of the year.

AMN Healthcare Services Stock Performance

NYSE:AMN traded up $6.40 during trading hours on Friday, hitting $28.85. 3,819,331 shares of the company were exchanged, compared to its average volume of 767,343. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -33.16, a PEG ratio of 0.93 and a beta of 0.30. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day moving average price is $19.67 and its 200-day moving average price is $18.49.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Boston Partners lifted its stake in AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after acquiring an additional 1,021,672 shares during the period. Woodline Partners LP acquired a new stake in AMN Healthcare Services during the 3rd quarter valued at approximately $19,176,000. Millennium Management LLC lifted its stake in AMN Healthcare Services by 262.1% during the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after acquiring an additional 932,269 shares during the period. Qube Research & Technologies Ltd lifted its stake in AMN Healthcare Services by 165.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 370,444 shares of the company’s stock valued at $7,657,000 after acquiring an additional 231,079 shares during the period. Finally, Freestone Grove Partners LP lifted its stake in AMN Healthcare Services by 195.3% during the 3rd quarter. Freestone Grove Partners LP now owns 334,174 shares of the company’s stock valued at $6,470,000 after acquiring an additional 220,991 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. set a $25.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, January 15th. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Citizens Jmp lifted their price objective on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of AMN Healthcare Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.93.

More AMN Healthcare Services News

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: AMN Healthcare reported first-quarter earnings and revenue that beat estimates, with adjusted EPS surging and revenue nearly doubling from a year ago. Article Title
• Positive Sentiment: The company said Q1 results were helped by stronger labor-disruption demand and staffing gains, suggesting improved operating trends. Article Title
• Positive Sentiment: AMN was added to Zacks’ Strong Buy and Rank #1 value stock lists, which may reinforce bullish investor interest. Article Title
• Neutral Sentiment: AMN updated second-quarter revenue guidance to $620 million-$635 million, which is broadly near analyst expectations and does not appear to be a major surprise. Article Title

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.