Brokerages expect that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will post earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cross Country Healthcare’s earnings. Cross Country Healthcare posted earnings of $0.16 per share during the same quarter last year, which would indicate a negative year over year growth rate of 43.8%. The firm is expected to issue its next earnings report after the market closes on Wednesday, August 2nd.

On average, analysts expect that Cross Country Healthcare will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.75. For the next year, analysts anticipate that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.72 to $0.95. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The company had revenue of $207.57 million for the quarter, compared to analysts’ expectations of $212.43 million. Cross Country Healthcare had a positive return on equity of 13.60% and a negative net margin of 1.55%.

A number of equities research analysts have weighed in on the company. Benchmark Co. decreased their target price on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $18.00 target price on shares of Cross Country Healthcare in a research report on Wednesday, April 5th. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and set a $15.00 target price (down from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. Finally, BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.36.

Shares of Cross Country Healthcare (NASDAQ CCRN) opened at 12.26 on Wednesday. The stock’s market capitalization is $446.67 million. The stock has a 50 day moving average price of $12.47 and a 200-day moving average price of $13.61. Cross Country Healthcare has a 1-year low of $10.53 and a 1-year high of $16.38.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. increased its position in shares of Cross Country Healthcare by 0.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,203 shares of the business services provider’s stock worth $304,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock worth $192,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Cross Country Healthcare by 1.2% in the first quarter. Arizona State Retirement System now owns 17,154 shares of the business services provider’s stock worth $246,000 after buying an additional 200 shares in the last quarter. KBC Group NV increased its position in shares of Cross Country Healthcare by 0.5% in the first quarter. KBC Group NV now owns 59,999 shares of the business services provider’s stock worth $862,000 after buying an additional 302 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Cross Country Healthcare by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 39,800 shares of the business services provider’s stock worth $572,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 89.99% of the company’s stock.

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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Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

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