Cross Country Healthcare (CCRN) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media headlines about Cross Country Healthcare (NASDAQ:CCRN) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cross Country Healthcare earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.7300067830902 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cross Country Healthcare (CCRN) Raised to B at TheStreet (americanbankingnews.com)
- Cross Country Healthcare (CCRN) Downgraded to “Hold” at Lake Street Capital (americanbankingnews.com)
- Q2 2018 Earnings Estimate for Cross Country Healthcare, Inc. Issued By Oppenheimer (CCRN) (americanbankingnews.com)
- Fourth-quarter revenue falls 1% at Cross Country Healthcare (www2.staffingindustry.com)
- Cortina Asset Management LLC Has $5.45 Million Position in Cross Country Healthcare, Inc. (CCRN) (americanbankingnews.com)
Several equities analysts have issued reports on CCRN shares. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Credit Suisse Group started coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They issued a “neutral” rating and a $13.00 price objective for the company. BMO Capital Markets decreased their price objective on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. BidaskClub downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.29.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $219.67 million for the quarter, compared to analysts’ expectations of $225.60 million. Cross Country Healthcare had a return on equity of 10.24% and a net margin of 4.34%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. sell-side analysts forecast that Cross Country Healthcare will post 0.76 earnings per share for the current fiscal year.
In other news, General Counsel Susan E. Ball sold 25,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $14.19, for a total value of $354,750.00. Following the sale, the general counsel now directly owns 126,921 shares in the company, valued at $1,801,008.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.
About Cross Country Healthcare
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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