Cross Country Healthcare (CCRN) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Cross Country Healthcare (NASDAQ:CCRN) announced its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.02, AnalystRatings.Net reports. The company had revenue of $118.10 million for the quarter, compared to the consensus estimate of $120.21 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis.
Shares of Cross Country Healthcare (NASDAQ:CCRN) traded down 5.96% during mid-day trading on Wednesday, hitting $6.00. 491,173 shares of the company’s stock traded hands. Cross Country Healthcare has a 52-week low of $4.83 and a 52-week high of $11.54. The stock’s 50-day moving average is $7.46 and its 200-day moving average is $8.38. The company’s market cap is $186.5 million.
CCRN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Cross Country Healthcare from an “outperform” rating to a “neutral” rating in a research note on Monday, March 10th. They now have a $9.80 price target on the stock. On the ratings front, analysts at Cantor Fitzgerald upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. They now have a $10.00 price target on the stock, up previously from $7.00. Finally, analysts at Citigroup Inc. upgraded shares of Cross Country Healthcare from a “neutral” rating to a “buy” rating in a research note on Thursday, March 6th.
Cross Country Healthcare, Inc (NASDAQ:CCRN) is engaged in the healthcare staffing services business offering a suite staffing and outsourcing services to the healthcare market.
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