Cross Country Healthcare, Inc. (NASDAQ:CCRN) Releases Q2 Earnings Guidance
Cross Country Healthcare, Inc. (NASDAQ:CCRN) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.08-0.10 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $207-212 million, compared to the consensus revenue estimate of $209.94 million.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Cross Country Healthcare from a buy rating to a hold rating in a report on Tuesday, March 7th. Benchmark Co. decreased their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a buy rating for the company in a report on Thursday, May 4th. Finally, BMO Capital Markets restated a buy rating and issued a $18.00 price objective on shares of Cross Country Healthcare in a report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $16.58.
Shares of Cross Country Healthcare, Inc. (NASDAQ CCRN) traded down 0.54% during midday trading on Wednesday, reaching $12.79. 144,332 shares of the company’s stock were exchanged. Cross Country Healthcare, Inc. has a one year low of $10.54 and a one year high of $16.38. The firm’s market cap is $465.98 million. The stock’s 50-day moving average is $12.18 and its 200 day moving average is $13.94.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $207.57 million during the quarter, compared to analysts’ expectations of $212.43 million. Cross Country Healthcare had a negative net margin of 1.55% and a positive return on equity of 13.60%. Analysts anticipate that Cross Country Healthcare, Inc. will post $0.64 EPS for the current year.
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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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