Cross Country Healthcare (CCRN) Scheduled to Post Earnings on Wednesday

Cross Country Healthcare (NASDAQ:CCRN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Cross Country Healthcare has set its Q1 guidance at $0.15-0.25 EPS and its Q1 2024 guidance at 0.150-0.250 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The company had revenue of $414.04 million for the quarter, compared to the consensus estimate of $404.42 million. During the same period last year, the business posted $1.09 EPS. The company’s quarterly revenue was down 34.1% compared to the same quarter last year. On average, analysts expect Cross Country Healthcare to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $17.77 on Wednesday. The stock has a 50-day simple moving average of $18.06 and a 200-day simple moving average of $20.33. The stock has a market capitalization of $616.21 million, a P/E ratio of 8.75, a PEG ratio of 1.85 and a beta of 0.75. Cross Country Healthcare has a 1 year low of $15.65 and a 1 year high of $28.75.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark dropped their price objective on shares of Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Truist Financial cut their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Finally, Barrington Research dropped their target price on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.67.

Insider Buying and Selling at Cross Country Healthcare

In other news, insider Karen Mote sold 6,216 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the transaction, the insider now directly owns 35,101 shares in the company, valued at approximately $594,961.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.90% of the stock is owned by insiders.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.