Equities research analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to announce earnings per share of ($0.03) for the current quarter, Zacks reports. Four analysts have made estimates for Cross Country Healthcare’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.04). Cross Country Healthcare reported earnings per share of $0.06 in the same quarter last year, which would indicate a negative year-over-year growth rate of 150%. The business is expected to announce its next earnings results on Wednesday, May 1st.
On average, analysts expect that Cross Country Healthcare will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.25. For the next financial year, analysts forecast that the business will report earnings of $0.19 per share, with EPS estimates ranging from $0.15 to $0.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Cross Country Healthcare.
A number of analysts have recently issued reports on the company. SunTrust Banks downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. BidaskClub upgraded Cross Country Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. ValuEngine downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, BMO Capital Markets dropped their price target on Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.
Shares of CCRN traded up $0.06 during trading hours on Wednesday, reaching $7.28. 206,456 shares of the company’s stock traded hands, compared to its average volume of 218,474. The company has a market cap of $263.46 million, a PE ratio of 60.67, a price-to-earnings-growth ratio of 7.44 and a beta of 1.15. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.36. Cross Country Healthcare has a 12 month low of $6.91 and a 12 month high of $12.90.
A number of large investors have recently added to or reduced their stakes in CCRN. Virtu Financial LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth approximately $74,000. Municipal Employees Retirement System of Michigan bought a new stake in Cross Country Healthcare in the 4th quarter worth approximately $75,000. Magnus Financial Group LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth approximately $83,000. Metropolitan Life Insurance Co. NY lifted its position in Cross Country Healthcare by 399.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock worth $87,000 after buying an additional 9,486 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Cross Country Healthcare by 36.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,104 shares of the business services provider’s stock worth $97,000 after buying an additional 3,476 shares during the last quarter. Institutional investors own 89.97% 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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