$1.26 EPS Expected for Cross Country Healthcare, Inc. (NASDAQ:CCRN) This Quarter

Analysts expect that Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) will report $1.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cross Country Healthcare’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.39. Cross Country Healthcare reported earnings of $0.58 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 117.2%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cross Country Healthcare will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $3.84. For the next financial year, analysts forecast that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.55 to $2.49. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Cross Country Healthcare.

Cross Country Healthcare (NASDAQ:CCRNGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.05. Cross Country Healthcare had a net margin of 7.87% and a return on equity of 52.08%. The business had revenue of $640.68 million for the quarter, compared to the consensus estimate of $611.54 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was up 197.2% on a year-over-year basis.

Several research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.00 to $27.00 in a research report on Thursday, January 27th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Friday, January 21st. Benchmark increased their price objective on shares of Cross Country Healthcare from $33.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 24th. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $26.57.

CCRN traded up $0.19 during trading on Friday, hitting $20.52. The company’s stock had a trading volume of 280,929 shares, compared to its average volume of 385,162. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.59. Cross Country Healthcare has a one year low of $12.40 and a one year high of $30.40. The firm has a market cap of $780.99 million, a PE ratio of 5.81, a P/E/G ratio of 1.13 and a beta of 1.06. The business’s 50 day simple moving average is $21.39 and its 200-day simple moving average is $22.88.

In other Cross Country Healthcare news, CFO William J. Burns sold 10,000 shares of Cross Country Healthcare stock in a transaction on Monday, March 7th. The shares were sold at an average price of $20.54, for a total value of $205,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Susan E. Ball sold 17,458 shares of Cross Country Healthcare stock in a transaction on Monday, March 7th. The stock was sold at an average price of $20.72, for a total transaction of $361,729.76. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several large investors have recently modified their holdings of CCRN. Koshinski Asset Management Inc. purchased a new position in shares of Cross Country Healthcare in the 4th quarter worth $74,000. Advisor Group Holdings Inc. grew its stake in shares of Cross Country Healthcare by 492.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,963 shares of the business services provider’s stock worth $82,000 after buying an additional 2,463 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Cross Country Healthcare in the 3rd quarter worth $100,000. Metropolitan Life Insurance Co NY grew its stake in shares of Cross Country Healthcare by 65,690.9% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,237 shares of the business services provider’s stock worth $119,000 after buying an additional 7,226 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of Cross Country Healthcare by 490.0% in the 3rd quarter. Spire Wealth Management now owns 5,900 shares of the business services provider’s stock worth $125,000 after buying an additional 4,900 shares in the last quarter. 90.96% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Company Profile (Get Rating)

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

Further Reading

Get a free copy of the Zacks research report on Cross Country Healthcare (CCRN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.