Analysts Offer Predictions for Cross Country Healthcare, Inc.’s FY2017 Earnings (CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Cross Country Healthcare in a report issued on Thursday. Jefferies Group analyst J. Plagman anticipates that the business services provider will post earnings of $0.62 per share for the year. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Cross Country Healthcare’s Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.77 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.07 EPS.

CCRN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Credit Suisse Group began coverage on shares of Cross Country Healthcare in a research report on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price target on the stock. BMO Capital Markets dropped their price target on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Cantor Fitzgerald restated a “buy” rating and set a $18.00 price target on shares of Cross Country Healthcare in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.25.

Shares of Cross Country Healthcare (CCRN) opened at $13.74 on Monday. The firm has a market cap of $501.25, a price-to-earnings ratio of 21.47, a PEG ratio of 1.82 and a beta of 0.68. Cross Country Healthcare has a 52 week low of $11.07 and a 52 week high of $16.38. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.46.

In related news, General Counsel Susan E. Ball sold 25,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $14.19, for a total transaction of $354,750.00. Following the sale, the general counsel now owns 126,921 shares in the company, valued at $1,801,008.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its position in shares of Cross Country Healthcare by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 212,793 shares of the business services provider’s stock valued at $2,747,000 after purchasing an additional 614 shares during the period. Voya Investment Management LLC grew its position in shares of Cross Country Healthcare by 16.9% in the second quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 2,646 shares during the period. Alliancebernstein L.P. grew its position in shares of Cross Country Healthcare by 8.7% in the second quarter. Alliancebernstein L.P. now owns 40,095 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 3,200 shares during the period. The Manufacturers Life Insurance Company grew 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 purchasing an additional 3,371 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Cross Country Healthcare by 8.6% in the third quarter. Great West Life Assurance Co. Can now owns 54,402 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 4,308 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

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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.

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

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