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

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

On average, 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 expect that the company will post earnings of $0.30 per share, with EPS estimates ranging from $0.26 to $0.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cross Country Healthcare.

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

Several research firms have recently weighed in on CCRN. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine cut shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a report on Saturday, September 22nd. Finally, BMO Capital Markets upped their price target on shares of Cross Country Healthcare from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus price target of $12.29.

Large investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. purchased a new position in Cross Country Healthcare in the second quarter worth $122,000. Jane Street Group LLC purchased a new stake in Cross Country Healthcare during the second quarter valued at about $138,000. Panagora Asset Management Inc. boosted its position in Cross Country Healthcare by 150.6% during the third quarter. Panagora Asset Management Inc. now owns 13,881 shares of the business services provider’s stock valued at $121,000 after buying an additional 8,342 shares during the period. SG Americas Securities LLC purchased a new stake in Cross Country Healthcare during the second quarter valued at about $177,000. Finally, Laurion Capital Management LP purchased a new stake in Cross Country Healthcare during the second quarter valued at about $219,000. Institutional investors own 91.25% of the company’s stock.

Cross Country Healthcare stock opened at $8.52 on Friday. The firm has a market capitalization of $285.29 million, a PE ratio of 13.97, a PEG ratio of 2.26 and a beta of 0.78. Cross Country Healthcare has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35.

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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