Cross Country Healthcare, Inc. (CCRN) Expected to Announce Earnings of $0.02 Per Share

Wall Street analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to report earnings per share of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cross Country Healthcare’s earnings. Cross Country Healthcare posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 60%. The business is scheduled to announce its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Cross Country Healthcare will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.55. For the next fiscal year, analysts anticipate that the company will post earnings of $0.69 per share, with EPS estimates ranging from $0.62 to $0.78. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Cross Country Healthcare.

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Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $219.67 million for the quarter, compared to analyst estimates of $225.60 million. Cross Country Healthcare had a return on equity of 10.24% and a net margin of 4.34%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share.

Several equities analysts have weighed in on the stock. BidaskClub lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Lake Street Capital reiterated a “hold” rating on shares of Cross Country Healthcare in a report on Friday, March 2nd. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $13.00 target price (down from $14.00) on shares of Cross Country Healthcare in a report on Tuesday, March 6th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Cross Country Healthcare in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.14.

In other news, Director W Larry Cash acquired 5,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of $11.23 per share, with a total value of $56,150.00. Following the transaction, the director now owns 113,580 shares in the company, valued at approximately $1,275,503.40. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William J. Grubbs acquired 10,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $11.18 per share, for a total transaction of $111,800.00. Following the completion of the transaction, the chief executive officer now owns 353,741 shares in the company, valued at approximately $3,954,824.38. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Voya Investment Management LLC increased its position in shares of Cross Country Healthcare by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 2,646 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cross Country Healthcare by 13.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,772 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 3,371 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Cross Country Healthcare by 8.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 54,402 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 4,308 shares during the last quarter. Cadence Capital Management LLC increased its position in shares of Cross Country Healthcare by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 102,387 shares of the business services provider’s stock valued at $1,457,000 after purchasing an additional 4,963 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Cross Country Healthcare by 15.9% in the 3rd quarter. Comerica Bank now owns 38,414 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 5,276 shares during the last quarter. 94.43% of the stock is currently owned by institutional investors.

Cross Country Healthcare stock traded down $0.20 during trading hours on Friday, reaching $11.05. 195,170 shares of the company’s stock traded hands, compared to its average volume of 212,913. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.39. The firm has a market cap of $412.04, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.75. Cross Country Healthcare has a 12 month low of $9.07 and a 12 month high of $15.09.

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Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

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

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