Cross Country Healthcare (CCRN) Earning Somewhat Positive Press Coverage, Analysis Shows
Media coverage about Cross Country Healthcare (NASDAQ:CCRN) has trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cross Country Healthcare earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.5123063494425 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts recently commented on CCRN shares. Benchmark Co. restated a “buy” rating and set a $17.00 price target (down from $18.00) on shares of Cross Country Healthcare in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, August 7th. UBS AG restated a “buy” rating and set a $15.00 price target (down from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. Finally, BMO Capital Markets decreased their price target on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.64.
Cross Country Healthcare (NASDAQ CCRN) traded up 1.74% during mid-day trading on Thursday, hitting $12.30. 113,289 shares of the company traded hands. The company has a market capitalization of $448.88 million, a price-to-earnings ratio of 45.39 and a beta of 0.83. The company’s 50-day moving average price is $12.30 and its 200 day moving average price is $13.23. Cross Country Healthcare has a one year low of $10.88 and a one year high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The business had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $209.92 million. During the same period in the prior year, the business earned $0.16 EPS. Cross Country Healthcare’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Cross Country Healthcare will post $0.61 earnings per share for the current fiscal year.
In related news, insider William J. Grubbs sold 49,113 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total transaction of $597,214.08. Following the completion of the sale, the insider now directly owns 395,188 shares of the company’s stock, valued at approximately $4,805,486.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.
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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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