Cross Country Healthcare, Inc. (NASDAQ:CCRN) Expected to Post Earnings of $0.08 Per Share


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Wall Street analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to report earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cross Country Healthcare’s earnings, with estimates ranging from $0.05 to $0.09. Cross Country Healthcare reported earnings per share of $0.07 in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is expected to announce its next quarterly earnings results on Wednesday, March 3rd.

According to Zacks, analysts expect that Cross Country Healthcare will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.37. For the next fiscal year, analysts anticipate that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.26 to $0.41. Zacks’ EPS averages are an average based on a survey of research analysts that cover Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, November 4th. The business services provider reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.15. The business had revenue of $194.00 million during the quarter, compared to analyst estimates of $174.57 million. Cross Country Healthcare had a positive return on equity of 8.11% and a negative net margin of 2.24%. Cross Country Healthcare’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS.

A number of equities analysts have issued reports on the stock. Benchmark raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, November 5th. TheStreet raised shares of Cross Country Healthcare from a “d+” rating to a “c-” rating in a research report on Thursday, December 10th. Zacks Investment Research raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Monday, November 2nd. Credit Suisse Group raised their price target on shares of Cross Country Healthcare from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, November 5th. Finally, BMO Capital Markets raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Monday, November 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.97.

CCRN stock traded up $0.19 on Monday, hitting $9.44. 485 shares of the company’s stock were exchanged, compared to its average volume of 216,286. Cross Country Healthcare has a 12-month low of $4.50 and a 12-month high of $13.42. The firm has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $7.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market cap of $354.59 million, a P/E ratio of -17.79, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Cross Country Healthcare by 250.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,371 shares of the business services provider’s stock worth $61,000 after acquiring an additional 6,698 shares during the last quarter. Keebeck Alpha LP purchased a new position in Cross Country Healthcare during the third quarter worth about $78,000. Teachers Retirement System of The State of Kentucky lifted its position in Cross Country Healthcare by 433.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 13,325 shares of the business services provider’s stock worth $86,000 after buying an additional 10,825 shares during the period. Tudor Investment Corp Et Al purchased a new position in Cross Country Healthcare during the second quarter worth about $103,000. Finally, Louisiana State Employees Retirement System lifted its position in Cross Country Healthcare by 59.3% during the third quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the business services provider’s stock worth $105,000 after buying an additional 6,030 shares during the period. 88.37% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Search. 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, as well as workforce solutions, including MSP, OWS, RPO, IRP, EMR, and consulting services.

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