Analysts Expect Cross Country Healthcare, Inc. (CCRN) Will Announce Earnings of $0.09 Per Share

Equities research analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to post earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cross Country Healthcare’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.08. Cross Country Healthcare reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 43.8%. The firm is expected to announce its next earnings report on Wednesday, August 2nd.

On average, analysts expect that Cross Country Healthcare will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.80. For the next year, analysts forecast that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.72 to $0.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a return on equity of 25.48% and a net margin of 1.21%. The firm had revenue of $207.57 million during the quarter, compared to the consensus estimate of $212.43 million.

CCRN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Friday, January 13th. Benchmark Co. initiated coverage on shares of Cross Country Healthcare in a report on Friday, January 20th. They issued a “buy” rating and a $19.00 target price on the stock. Avondale Partners downgraded shares of Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $15.50 target price on the stock. in a report on Tuesday, January 24th. Lake Street Capital initiated coverage on shares of Cross Country Healthcare in a report on Wednesday, February 15th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c” rating in a report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.58.

A number of hedge funds have recently bought and sold shares of the company. Bbva Compass Bancshares Inc. raised its stake in Cross Country Healthcare by 0.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,203 shares of the business services provider’s stock valued at $304,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock valued at $192,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Cross Country Healthcare by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,060 shares of the business services provider’s stock valued at $154,000 after buying an additional 220 shares in the last quarter. Mason Street Advisors LLC raised its stake in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in Cross Country Healthcare by 1.1% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 48,565 shares of the business services provider’s stock valued at $758,000 after buying an additional 510 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

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Shares of Cross Country Healthcare (NASDAQ:CCRN) opened at 12.19 on Wednesday. The firm’s market capitalization is $400.71 million. Cross Country Healthcare has a one year low of $10.53 and a one year high of $16.38. The company has a 50-day moving average price of $13.92 and a 200 day moving average price of $14.36.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

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