Brokerages expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to post earnings of $0.03 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Cross Country Healthcare’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Cross Country Healthcare reported earnings per share of $0.23 in the same quarter last year, which indicates a negative year over year growth rate of 87%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Cross Country Healthcare will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.28. For the next fiscal year, analysts forecast that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.30 to $0.61. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Cross Country Healthcare.
Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, August 1st. The business services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $204.57 million during the quarter, compared to analyst estimates of $209.29 million. Cross Country Healthcare had a net margin of 4.39% and a return on equity of 7.90%. Cross Country Healthcare’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS.
Several analysts have recently weighed in on CCRN shares. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Barrington Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Cross Country Healthcare in a report on Tuesday, May 22nd. ValuEngine raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd. Finally, BidaskClub downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.14.
NASDAQ:CCRN traded down $0.02 during trading hours on Wednesday, hitting $9.68. 2,020 shares of the stock traded hands, compared to its average volume of 301,625. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.38. Cross Country Healthcare has a fifty-two week low of $7.41 and a fifty-two week high of $14.65. The company has a market cap of $363.31 million, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.80.
In related news, General Counsel Susan E. Ball bought 5,091 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $9.65 per share, for a total transaction of $49,128.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Grubbs bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average price of $8.93 per share, with a total value of $89,300.00. Following the completion of the transaction, the insider now owns 422,291 shares of the company’s stock, valued at $3,771,058.63. The disclosure for this purchase can be found here. Insiders bought 37,241 shares of company stock valued at $343,253 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CCRN. Northern Trust Corp increased its stake in Cross Country Healthcare by 1.0% in the first quarter. Northern Trust Corp now owns 463,890 shares of the business services provider’s stock worth $5,153,000 after purchasing an additional 4,563 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cross Country Healthcare by 2.3% in the first quarter. Principal Financial Group Inc. now owns 279,246 shares of the business services provider’s stock worth $3,102,000 after acquiring an additional 6,255 shares in the last quarter. Barclays PLC lifted its stake in shares of Cross Country Healthcare by 118.6% in the first quarter. Barclays PLC now owns 12,283 shares of the business services provider’s stock worth $136,000 after acquiring an additional 6,665 shares in the last quarter. Koch Industries Inc. bought a new stake in Cross Country Healthcare in the first quarter valued at about $117,000. Finally, Alambic Investment Management L.P. bought a new stake in Cross Country Healthcare in the second quarter valued at about $122,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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