Brokerages expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to report $229.29 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cross Country Healthcare’s earnings, with the lowest sales estimate coming in at $229.27 million and the highest estimate coming in at $229.30 million. Cross Country Healthcare reported sales of $214.99 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is expected to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Cross Country Healthcare will report full-year sales of $229.29 million for the current year, with estimates ranging from $879.86 million to $883.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $945.55 million per share, with estimates ranging from $943.83 million to $947.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. The firm had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share.

A number of equities research analysts have issued reports on the company. BMO Capital Markets reduced their price target on Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. UBS AG reaffirmed a “buy” rating and issued a $15.00 price target (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Benchmark Co. reduced their price target on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Cross Country Healthcare has a consensus rating of “Buy” and a consensus price target of $15.64.

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Cross Country Healthcare (NASDAQ:CCRN) opened at 12.90 on Tuesday. Cross Country Healthcare has a one year low of $10.53 and a one year high of $16.38. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $13.36. The company has a market capitalization of $470.77 million, a P/E ratio of 47.60 and a beta of 0.83.

Several large investors have recently modified their holdings of CCRN. Bbva Compass Bancshares Inc. raised its position in 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 valued at $304,000 after buying an additional 82 shares during the period. Louisiana State Employees Retirement System raised its position in 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 valued at $192,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its position in 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 valued at $246,000 after buying an additional 200 shares during the period. KBC Group NV raised its position in 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 valued at $862,000 after buying an additional 302 shares during the period. Finally, ClariVest Asset Management LLC raised its position in 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 valued at $572,000 after buying an additional 400 shares during the period. 89.74% of the stock is currently owned by institutional investors and hedge funds.

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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