AMN Healthcare Services (NYSE:AMN) Announces Earnings Results

by · The Markets Daily

AMN Healthcare Services (NYSE:AMN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.58, FiscalAI reports. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 20.48%. The company had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

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

  • Second-quarter results exceeded expectations: Revenue rose 2% year over year to $673 million, 6% above the high end of guidance, while adjusted EBITDA increased 26% to $73 million and adjusted EPS rose to $0.77 from $0.30. Results benefited from $25 million of labor-disruption revenue versus the $10 million assumed in guidance, including approximately $27 million of favorable nonrecurring items.
  • Nurse and Allied Solutions showed a meaningful demand recovery. Segment revenue grew 11%, with travel nurse volume up 6% and Allied volume up 7%; travel nurse orders were up about 40% year over year in early August. The company expects more than 10% volume growth for both businesses in the third quarter, although bill rates have not yet meaningfully increased.
  • AMN strengthened its financial flexibility, ending the quarter with $362 million in cash, $750 million of debt, and 1.5x leverage. Management said the balance sheet enables modest share repurchases and potentially more active participation in industry consolidation, while two small acquisitions expanded its leadership assessment and AI-enabled language-services offerings.
  • Several businesses remain under pressure: Physician and Leadership Solutions revenue declined 6% and Technology and Workforce Solutions revenue fell 15% year over year. Language-services pricing dropped 8% and is expected to remain a headwind through 2026, while locums is undergoing a technology and process transformation that management does not expect to restore year-over-year growth until 2027.
  • Third-quarter guidance calls for consolidated revenue of $640 million-$655 million and adjusted EBITDA margins of 6.5%-7%, below the reported second-quarter margin because of nonrecurring benefits and a less favorable business mix. International nursing growth in 2027 may also be constrained by embassy appointment backlogs despite faster visa cutoff-date progress.

AMN Healthcare Services Stock Performance

AMN stock traded up $5.13 during midday trading on Friday, reaching $35.93. 1,517,139 shares of the company’s stock traded hands, compared to its average volume of 749,640. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.71 and a beta of 0.40. The company has a 50-day moving average price of $32.51 and a two-hundred day moving average price of $25.09. AMN Healthcare Services has a 52 week low of $14.86 and a 52 week high of $36.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09.

AMN Healthcare Services News Summary

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

  • Positive Sentiment: Quarterly earnings and revenue topped estimates. AMN reported adjusted EPS of $0.77, up from $0.30 a year earlier and well above analysts’ expectations of approximately $0.19-$0.22. Revenue rose 2.3% year over year to $673 million, exceeding the roughly $628 million consensus estimate. GAAP earnings were $0.53 per share, while adjusted EBITDA totaled $73 million. AMN Healthcare Announces Second Quarter 2026 Results
  • Positive Sentiment: Growth was broad-based across staffing and search services. Results benefited from higher demand in travel nursing, allied healthcare staffing and executive search, along with activity related to labor disruptions. The earnings beat suggests AMN is gaining operating leverage as demand stabilizes. AMN Q2 Earnings Beat Estimates on Staffing and Search Growth
  • Positive Sentiment: Third-quarter revenue guidance exceeded expectations. Management forecast Q3 revenue of $640 million to $655 million, above the consensus estimate of $618.4 million. Although the range implies a sequential decline from Q2, it indicates stronger near-term demand than analysts had projected. AMN Healthcare Quarterly Earnings Report
  • Neutral Sentiment: The company continues to face a challenging staffing environment, including a negative reported net margin, while investors will watch whether the recent earnings strength can persist after labor-disruption-related activity.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the transaction, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of AMN Healthcare Services by 55.8% in the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after acquiring an additional 718,048 shares during the period. State Street Corp grew its stake in AMN Healthcare Services by 1.8% during the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock valued at $25,609,000 after acquiring an additional 28,479 shares in the last quarter. Boston Partners increased its holdings 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 worth $16,313,000 after acquiring an additional 1,021,672 shares during the period. Woodline Partners LP bought a new stake in AMN Healthcare Services during the 3rd quarter worth approximately $19,176,000. Finally, Bank of America Corp DE increased its holdings in AMN Healthcare Services by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 919,408 shares of the company’s stock worth $19,004,000 after acquiring an additional 95,720 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMN shares. UBS Group increased their price objective on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday. Citizens Jmp reiterated a “market outperform” rating and set a $36.00 price target on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen cut AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.86.

View Our Latest Research Report on AMN Healthcare Services

About AMN Healthcare Services

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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.

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