Cross Country Healthcare, Inc. (CCRN) Scheduled to Post Earnings on Tuesday
Cross Country Healthcare, Inc. (NASDAQ:CCRN) is scheduled to release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Cross Country Healthcare to post earnings of $0.22 per share for the quarter. Cross Country Healthcare has set its Q3 guidance at $0.16-0.18 EPS.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect Cross Country Healthcare to post $0.65 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at 13.97 on Tuesday. The company has a market capitalization of $509.82 million, a PE ratio of 51.55 and a beta of 0.83. The company has a 50 day moving average price of $13.34 and a 200-day moving average price of $12.79. Cross Country Healthcare, Inc. has a 12-month low of $10.88 and a 12-month high of $16.38.
In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of the stock in a transaction dated 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 directly owns 395,188 shares in the company, valued at $4,805,486.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on CCRN. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. BidaskClub downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Benchmark Co. dropped their price objective on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.64.
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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