Brokerages expect that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will report earnings per share (EPS) of $0.40 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Cross Country Healthcare’s earnings, with estimates ranging from $0.38 to $0.41. Cross Country Healthcare posted earnings per share of $0.16 during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The company is expected to report its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Cross Country Healthcare will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.49. For the next fiscal year, analysts forecast that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.54 to $0.86. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cross Country Healthcare.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, May 5th. The business services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.24. The firm had revenue of $329.24 million for the quarter, compared to analysts’ expectations of $287.85 million. Cross Country Healthcare had a net margin of 0.90% and a return on equity of 24.66%.
A number of research firms have issued reports on CCRN. Credit Suisse Group upped their target price on shares of Cross Country Healthcare from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Thursday, May 6th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, February 26th. TheStreet upgraded shares of Cross Country Healthcare from a “c” rating to a “b-” rating in a report on Thursday, May 6th. Barrington Research upped their target price on shares of Cross Country Healthcare from $14.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 21st. Finally, Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a report on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Cross Country Healthcare currently has an average rating of “Hold” and an average target price of $11.71.
Hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its holdings in shares of Cross Country Healthcare by 8.4% during the 4th quarter. Nuveen Asset Management LLC now owns 198,327 shares of the business services provider’s stock worth $1,759,000 after acquiring an additional 15,407 shares during the period. Globeflex Capital L P purchased a new position in Cross Country Healthcare in the fourth quarter valued at approximately $247,000. Diversified Trust Co purchased a new position in Cross Country Healthcare in the first quarter valued at approximately $211,000. IndexIQ Advisors LLC purchased a new position in Cross Country Healthcare in the first quarter valued at approximately $397,000. Finally, Citigroup Inc. raised its holdings in Cross Country Healthcare by 294.8% in the fourth quarter. Citigroup Inc. now owns 8,449 shares of the business services provider’s stock valued at $75,000 after buying an additional 6,309 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.
Shares of NASDAQ CCRN opened at $17.11 on Wednesday. The firm has a market cap of $644.52 million, a PE ratio of 74.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.22 and a current ratio of 2.22. The company has a 50-day simple moving average of $14.72. Cross Country Healthcare has a 52 week low of $5.46 and a 52 week high of $17.59.
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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