Zacks: Analysts Expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) Will Post Earnings of $0.34 Per Share


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Analysts expect that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will announce earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Cross Country Healthcare’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. Cross Country Healthcare reported earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3,500%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Cross Country Healthcare will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $0.70. For the next fiscal year, analysts forecast that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.43 to $0.61. Zacks’ EPS averages are an average based on a survey of research firms that follow Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Tuesday, February 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. Cross Country Healthcare had a negative net margin of 2.24% and a positive return on equity of 8.11%. The firm had revenue of $215.61 million for the quarter, compared to analyst estimates of $191.74 million.

A number of analysts recently weighed in on CCRN shares. Barrington Research restated a “buy” rating and set a $12.00 target price on shares of Cross Country Healthcare in a report on Monday, February 22nd. Credit Suisse Group raised their target price on shares of Cross Country Healthcare from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, March 3rd. Finally, Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.19.

Institutional investors have recently bought and sold shares of the stock. First Quadrant L P CA purchased a new stake in Cross Country Healthcare in the 1st quarter worth approximately $26,000. Assenagon Asset Management S.A. lifted its position in Cross Country Healthcare by 626.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 203,127 shares of the business services provider’s stock worth $2,537,000 after buying an additional 175,175 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new stake in Cross Country Healthcare in the 1st quarter worth approximately $1,265,000. Los Angeles Capital Management LLC lifted its position in Cross Country Healthcare by 1.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,404 shares of the business services provider’s stock worth $616,000 after buying an additional 795 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $120,000. 88.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CCRN opened at $14.00 on Tuesday. The firm’s 50 day moving average is $12.86 and its two-hundred day moving average is $10.09. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $525.18 million, a P/E ratio of -26.92, a PEG ratio of 2.42 and a beta of 1.10. Cross Country Healthcare has a 52 week low of $4.50 and a 52 week high of $14.04.

About Cross Country Healthcare

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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Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

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