Equities analysts forecast that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will post $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cross Country Healthcare’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.18. Cross Country Healthcare reported earnings per share of $0.24 during the same quarter last year, which would indicate a negative year over year growth rate of 29.2%. The company is scheduled to announce its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Cross Country Healthcare will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.70. For the next fiscal year, analysts forecast that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.72 to $0.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Cross Country Healthcare.

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

Several research analysts have issued reports on CCRN shares. Benchmark Co. reiterated a “buy” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, August 7th. UBS AG reiterated a “buy” rating and issued a $15.00 price objective (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. Finally, BidaskClub cut Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.64.

Cross Country Healthcare (NASDAQ CCRN) opened at 12.79 on Tuesday. Cross Country Healthcare has a 12 month low of $10.88 and a 12 month high of $16.38. The stock has a 50 day moving average price of $12.43 and a 200-day moving average price of $12.89. The stock has a market cap of $466.76 million, a PE ratio of 47.20 and a beta of 0.85.

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In other news, insider William J. Grubbs sold 49,113 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the completion of the transaction, the insider now owns 395,188 shares in the company, valued at $4,805,486.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Benefit Street Partners LLC increased its position in shares of Cross Country Healthcare by 30.9% in the second quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock valued at $19,939,000 after buying an additional 364,229 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Cross Country Healthcare by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,772 shares of the business services provider’s stock valued at $372,000 after buying an additional 3,371 shares in the last quarter. State Street Corp increased its position in shares of Cross Country Healthcare by 9.8% in the second quarter. State Street Corp now owns 876,998 shares of the business services provider’s stock valued at $11,323,000 after buying an additional 78,451 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Cross Country Healthcare by 283.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 80,500 shares of the business services provider’s stock valued at $1,038,000 after buying an additional 59,500 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Cross Country Healthcare by 24.1% in the second quarter. Royal Bank of Canada now owns 708,646 shares of the business services provider’s stock valued at $9,148,000 after buying an additional 137,788 shares in the last quarter. Institutional investors and hedge funds own 91.29% 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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