Equities analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to report earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cross Country Healthcare’s earnings. Cross Country Healthcare posted earnings per share of $0.20 during the same quarter last year, which would indicate a negative year over year growth rate of 5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Cross Country Healthcare will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.64 to $0.65. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.70 to $0.81. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Cross Country Healthcare.
Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $228.50 million during the quarter, compared to analyst estimates of $228.97 million. Cross Country Healthcare had a net margin of 0.19% and a return on equity of 11.69%. Cross Country Healthcare’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share.
CCRN has been the subject of several research analyst reports. BidaskClub lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet lowered shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $18.00 target price on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. Credit Suisse Group initiated coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They set a “neutral” rating and a $13.00 target price for the company. Finally, Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Cross Country Healthcare currently has a consensus rating of “Hold” and an average target price of $15.31.
In other news, Director Thomas C. Dircks bought 10,000 shares of Cross Country Healthcare stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $11.77 per share, with a total value of $117,700.00. Following the completion of the acquisition, the director now directly owns 104,571 shares in the company, valued at $1,230,800.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Susan E. Ball sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $14.19, for a total transaction of $354,750.00. Following the completion of the sale, the general counsel now directly owns 126,921 shares in the company, valued at approximately $1,801,008.99. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Argent Capital Management LLC raised its holdings in Cross Country Healthcare by 29.5% in the third quarter. Argent Capital Management LLC now owns 130,289 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 29,675 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Cross Country Healthcare during the third quarter worth approximately $402,000. Cornerstone Capital Management Holdings LLC. raised its holdings in Cross Country Healthcare by 37.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 110,700 shares of the business services provider’s stock worth $1,574,000 after purchasing an additional 30,200 shares in the last quarter. Royce & Associates LP raised its holdings in Cross Country Healthcare by 8.2% during the third quarter. Royce & Associates LP now owns 857,675 shares of the business services provider’s stock worth $12,205,000 after purchasing an additional 65,211 shares in the last quarter. Finally, OxFORD Asset Management LLP raised its holdings in Cross Country Healthcare by 137.5% during the third quarter. OxFORD Asset Management LLP now owns 124,906 shares of the business services provider’s stock worth $1,774,000 after purchasing an additional 72,308 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cross Country Healthcare (NASDAQ:CCRN) traded up $0.19 during mid-day trading on Friday, reaching $12.79. 263,100 shares of the company’s stock traded hands, compared to its average volume of 237,227. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $459.66, a price-to-earnings ratio of 19.69, a PEG ratio of 1.96 and a beta of 0.73. Cross Country Healthcare has a one year low of $11.07 and a one year high of $16.38.
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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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