AMN Healthcare Services (NYSE:AMN) spotted trading -0.84% off 52-week high price. On the other end, the stock has been noted 49.77% away from the low price over the last 52-weeks. The stock changed -0.12% to recent value of $67.46. The stock transacted 165519 shares during most recent day however it has an average volume of 273.29K shares. The company has 46.68M of outstanding shares and 46.26M shares were floated in the market.
On Jan. 29, 2020, AMN Healthcare Services (NYSE:AMN) the nation’s leading innovator in healthcare talent solutions and staffing services, revealed a definitive agreement to acquire Stratus Video for a purchase price of $475 million. The acquisition is expected to be immediately accretive to AMN’s adjusted earnings per share.
Stratus Video, based in Clearwater, Florida, is the leading provider of video remote language interpretation services for the healthcare industry. The company has grown rapidly since its founding in 2012, surpassing $100 million revenue in 2019. Based on fourth quarter 2019 results, Stratus’ twelve-month annualized run rate was approximately $119 million of revenue and $34 million of adjusted EBITDA.
We are very excited to have the talented team at Stratus Video soon join the AMN family and expand our workforce solutions offerings with the addition of the nation’s leading healthcare remote video interpreting company, said AMN Healthcare Chief Executive Officer Susan R. Salka. This acquisition is the result of our continued efforts to positively impact patient care through innovative total talent solutions. We believe Stratus will add great value to our clients and their patients and will provide further opportunity for us to expand in the virtual workforce and patient care arena.
Its earnings per share (EPS) expected to touch remained 21.50% for this year while earning per share for the next 5-years is expected to reach at 7.11%. AMN has a gross margin of 33.20% and an operating margin of 8.30% while its profit margin remained 5.60% for the last 12 months.
According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.67% from the mean of 20 days, 8.91% from mean of 50 days SMA and performed 19.96% from mean of 200 days price. Company’s performance for the week was 0.91%, 9.42% for month and YTD performance remained 8.27%.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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