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

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Wall Street analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to post $0.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Cross Country Healthcare’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.03. Cross Country Healthcare reported earnings per share of $0.17 during the same quarter last year, which suggests a negative year over year growth rate of 88.2%. The firm is scheduled to report its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Cross Country Healthcare will report full-year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.16. For the next financial year, analysts anticipate that the business will post earnings of $0.30 per share, with EPS estimates ranging from $0.26 to $0.32. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Thursday, November 1st. The business services provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Cross Country Healthcare had a net margin of 3.67% and a return on equity of 4.43%. The business had revenue of $200.72 million for the quarter, compared to analysts’ expectations of $200.66 million. During the same period last year, the firm earned $0.23 EPS. The company’s revenue was down 12.2% compared to the same quarter last year.

A number of research analysts have recently commented on CCRN shares. BidaskClub upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Barrington Research set a $11.00 price objective on Cross Country Healthcare and gave the company a “buy” rating in a research report on Thursday, November 15th. Finally, ValuEngine upgraded Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Cross Country Healthcare has a consensus rating of “Hold” and a consensus price target of $12.29.

CCRN opened at $8.77 on Friday. Cross Country Healthcare has a twelve month low of $6.91 and a twelve month high of $14.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $303.78 million, a P/E ratio of 14.38, a P/E/G ratio of 2.41 and a beta of 0.78.

Large investors have recently made changes to their positions in the business. Alambic Investment Management L.P. acquired a new position in Cross Country Healthcare in the second quarter valued at about $122,000. Jane Street Group LLC bought a new position in Cross Country Healthcare in the second quarter valued at approximately $138,000. Panagora Asset Management Inc. grew its stake in Cross Country Healthcare by 150.6% in the third quarter. Panagora Asset Management Inc. now owns 13,881 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 8,342 shares in the last quarter. SG Americas Securities LLC bought a new position in Cross Country Healthcare in the second quarter valued at approximately $177,000. Finally, Laurion Capital Management LP bought a new position in Cross Country Healthcare in the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 91.25% 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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Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

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