$206.15 Million in Sales Expected for Cross Country Healthcare, Inc. (CCRN) This Quarter

Wall Street brokerages expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to announce sales of $206.15 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cross Country Healthcare’s earnings. The lowest sales estimate is $205.09 million and the highest is $207.28 million. Cross Country Healthcare reported sales of $207.57 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.7%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Cross Country Healthcare will report full-year sales of $869.77 million for the current year, with estimates ranging from $857.90 million to $877.44 million. For the next year, analysts forecast that the business will report sales of $916.33 million per share, with estimates ranging from $886.25 million to $930.93 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $219.67 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. ValuEngine downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Lake Street Capital reaffirmed a “hold” rating on shares of Cross Country Healthcare in a research report on Friday, March 2nd. Zacks Investment Research raised Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $13.00 price target (down from $14.00) on shares of Cross Country Healthcare in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.13.

In related news, Director W Larry Cash acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were purchased at an average cost of $11.23 per share, with a total value of $56,150.00. Following the completion of the acquisition, the director now directly owns 113,580 shares of the company’s stock, valued at $1,275,503.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Grubbs acquired 10,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were bought at an average cost of $11.18 per share, for a total transaction of $111,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 353,741 shares of the company’s stock, valued at $3,954,824.38. The disclosure for this purchase can be found here. 3.40% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CCRN. Ameriprise Financial Inc. boosted its holdings in Cross Country Healthcare by 67.4% in the third quarter. Ameriprise Financial Inc. now owns 282,637 shares of the business services provider’s stock valued at $4,021,000 after purchasing an additional 113,798 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Cross Country Healthcare by 8.6% in the third 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. Legal & General Group Plc boosted its holdings in Cross Country Healthcare by 14.9% in the third quarter. Legal & General Group Plc now owns 66,163 shares of the business services provider’s stock valued at $941,000 after purchasing an additional 8,569 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cross Country Healthcare by 12.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,448,727 shares of the business services provider’s stock valued at $20,615,000 after purchasing an additional 165,624 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in Cross Country Healthcare by 37.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 110,700 shares of the business services provider’s stock valued at $1,574,000 after purchasing an additional 30,200 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.

NASDAQ:CCRN traded up $0.11 during trading hours on Friday, reaching $12.75. The company’s stock had a trading volume of 124,032 shares, compared to its average volume of 201,325. The company has a market capitalization of $450.88, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. Cross Country Healthcare has a 12 month low of $9.07 and a 12 month high of $14.99. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.39.

About Cross Country Healthcare

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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