Wall Street analysts expect Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) to announce $1.29 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Cross Country Healthcare’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.35. Cross Country Healthcare reported earnings per share of $0.47 during the same quarter last year, which indicates a positive year-over-year growth rate of 174.5%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Cross Country Healthcare will report full year earnings of $4.57 per share for the current year, with EPS estimates ranging from $3.98 to $4.87. For the next financial year, analysts expect that the firm will report earnings of $2.98 per share, with EPS estimates ranging from $2.63 to $3.27. Zacks’ earnings per share calculations 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 – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.30. Cross Country Healthcare had a return on equity of 59.34% and a net margin of 8.17%. The firm had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $745.54 million. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 139.6% compared to the same quarter last year.
CCRN stock opened at $16.18 on Friday. Cross Country Healthcare has a twelve month low of $14.23 and a twelve month high of $30.40. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $19.99 and its 200-day moving average is $22.54. The firm has a market capitalization of $618.24 million, a PE ratio of 3.49, a P/E/G ratio of 0.50 and a beta of 1.09.
In related news, General Counsel Susan E. Ball sold 17,458 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William J. Burns sold 10,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CCRN. US Bancorp DE bought a new position in Cross Country Healthcare in the 1st quarter worth about $27,000. Captrust Financial Advisors increased its stake in Cross Country Healthcare by 26.4% in the 1st quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock worth $67,000 after acquiring an additional 642 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in Cross Country Healthcare in the 4th quarter worth about $74,000. Advisor Group Holdings Inc. increased its stake in 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 acquiring an additional 2,463 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Cross Country Healthcare by 1,955.9% in the 1st quarter. National Bank of Canada FI now owns 3,865 shares of the business services provider’s stock worth $84,000 after acquiring an additional 3,677 shares during the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.
About Cross Country Healthcare (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.
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