Analysts expect that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will announce earnings of $0.03 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Cross Country Healthcare’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Cross Country Healthcare posted earnings per share of $0.23 during the same quarter last year, which would indicate a negative year over year growth rate of 87%. The firm is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Cross Country Healthcare will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.28. For the next fiscal year, analysts expect that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.30 to $0.61. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $204.57 million during the quarter, compared to analysts’ expectations of $209.29 million. Cross Country Healthcare had a net margin of 4.39% and a return on equity of 7.90%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. BMO Capital Markets cut shares of Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Barrington Research reaffirmed a “buy” rating and set a $15.00 price target on shares of Cross Country Healthcare in a research report on Tuesday, May 22nd. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $11.00 price target on shares of Cross Country Healthcare in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.14.

In related news, Director Thomas C. Dircks purchased 11,000 shares of Cross Country Healthcare stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $9.07 per share, with a total value of $99,770.00. Following the completion of the transaction, the director now owns 134,595 shares of the company’s stock, valued at approximately $1,220,776.65. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William J. Grubbs purchased 10,000 shares of Cross Country Healthcare stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $8.93 per share, for a total transaction of $89,300.00. Following the transaction, the insider now directly owns 422,291 shares of the company’s stock, valued at approximately $3,771,058.63. The disclosure for this purchase can be found here. Insiders have bought 36,741 shares of company stock worth $338,628 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CCRN. Geode Capital Management LLC raised its holdings in Cross Country Healthcare by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 304,924 shares of the business services provider’s stock worth $3,890,000 after acquiring an additional 7,991 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at approximately $156,000. Deutsche Bank AG boosted its stake in shares of Cross Country Healthcare by 133.1% in the 4th quarter. Deutsche Bank AG now owns 78,825 shares of the business services provider’s stock valued at $1,004,000 after purchasing an additional 45,010 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Cross Country Healthcare by 199.3% in the 4th quarter. Millennium Management LLC now owns 136,909 shares of the business services provider’s stock valued at $1,747,000 after purchasing an additional 91,169 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at approximately $210,000. 98.83% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CCRN traded up $0.12 on Friday, reaching $9.57. The stock had a trading volume of 244,579 shares, compared to its average volume of 259,019. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a market cap of $338.63 million, a P/E ratio of 15.69, a PEG ratio of 2.72 and a beta of 0.86. Cross Country Healthcare has a 12-month low of $7.41 and a 12-month high of $14.65.

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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