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AMN Healthcare Services Inc AMN

Morningstar Rating
$56.30 −0.09 (0.16%)
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Company Report

AMN Healthcare Faces Margin Reset in 2024

Healthcare utilization is expected to increase at a solid clip over the coming decades, and the pipeline of healthcare professionals is not expected to keep pace, especially in light of the coronavirus pandemic. This combination of factors should serve as a strong foundation for AMN Healthcare through our explicit forecast period. While the firm continues to navigate near-term demand declines as providers return to normalized non-pandemic utilization, we believe long-term demand will remain robust for the firm's core service—providing temporary and permanent labor for healthcare providers—as projected utilization continues to outpace the net number of nurses the US produces.

Price vs Fair Value

AMN is trading within a range we consider fairly valued.
Price
$56.30
Fair Value
$68.00
Uncertainty
High
1-Star Price
$491.68
5-Star Price
$33.00
Economic Moat
Phldm
Capital Allocation
Spkwbnd

Bulls Say, Bears Say

Bulls

Anticipated challenges with producing enough nurses to more than offset the expected retirements offer favorable business conditions for AMN.

Bears

If unemployment rates spike, history shows that the temporary healthcare staffing industry will be negatively affected.

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News

Trading Information

Previous Close Price
$56.39
Day Range
$55.0956.50
52-Week Range
$53.77112.44
Bid/Ask
$55.16 / $63.93
Market Cap
$2.13 Bil
Volume/Avg
936 / 878,242

Key Statistics

Price/Earnings (Normalized)
6.10
Price/Sales
0.59
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
19.91%

Company Profile

AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2023, it offered more than 13,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.
Sector
Healthcare
Industry
Medical Care Facilities
Stock Style Box
Small Value
Total Number of Employees
3,585

Comparables

Valuation

Metric
AMN
AGL
DANE
Price/Earnings (Normalized)
6.1023.45
Price/Book Value
2.583.304.19
Price/Sales
0.590.510.76
Price/Cash Flow
5.299.97
Price/Earnings
AMN
AGL
DANE

Financial Strength

Metric
AMN
AGL
DANE
Quick Ratio
1.191.461.14
Current Ratio
1.281.511.17
Interest Coverage
6.25−28.212.30
Quick Ratio
AMN
AGL
DANE

Profitability

Metric
AMN
AGL
DANE
Return on Assets (Normalized)
11.54%−5.02%9.49%
Return on Equity (Normalized)
36.59%−11.33%24.67%
Return on Invested Capital (Normalized)
18.77%−10.18%15.61%
Return on Assets
AMN
AGL
DANE
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