Analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN) to post earnings per share (EPS) of $0.17 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Cross Country Healthcare’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.18. Cross Country Healthcare posted earnings of $0.24 per share during the same quarter last year, which suggests a negative year over year growth rate of 29.2%. The business is expected to issue its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Cross Country Healthcare will report full year earnings of $0.65 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.70. For the next fiscal year, analysts forecast that the firm will post earnings of $0.82 per share, with EPS estimates ranging from $0.72 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data 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. The firm had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $209.92 million. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. TheStreet raised shares of Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. Benchmark Co. reaffirmed a “buy” rating and set a $17.00 price objective (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Two 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.64.

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Cross Country Healthcare (NASDAQ:CCRN) opened at 13.91 on Friday. 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 of $13.39 and a 200 day moving average of $12.80. The firm has a market cap of $507.63 million, a PE ratio of 51.33 and a beta of 0.84.

In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $12.16, for a total transaction of $597,214.08. Following the transaction, the insider now directly owns 395,188 shares of the company’s stock, valued at approximately $4,805,486.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of Cross Country Healthcare by 1.2% during the 1st quarter. Arizona State Retirement System now owns 17,154 shares of the business services provider’s stock worth $246,000 after purchasing an additional 200 shares during the period. Mason Street Advisors LLC raised its stake in shares of Cross Country Healthcare by 6.9% during the 1st quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock worth $111,000 after purchasing an additional 499 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Cross Country Healthcare by 1.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 62,315 shares of the business services provider’s stock worth $895,000 after purchasing an additional 600 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Cross Country Healthcare by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 212,793 shares of the business services provider’s stock worth $2,747,000 after purchasing an additional 614 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of Cross Country Healthcare by 1.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 76,450 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 95.62% of the company’s stock.

About Cross Country Healthcare

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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