Cross Country Healthcare (CCRN) to Release Earnings on Wednesday

Cross Country Healthcare (NASDAQ:CCRNGet Rating) will be announcing its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Cross Country Healthcare has set its Q2 guidance at $1.30-$1.40 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Cross Country Healthcare (NASDAQ:CCRNGet Rating) last issued its earnings results on Wednesday, May 4th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.30. The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $745.54 million. Cross Country Healthcare had a return on equity of 59.34% and a net margin of 8.17%. The firm’s quarterly revenue was up 139.6% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. On average, analysts expect Cross Country Healthcare to post $5 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $26.74 on Wednesday. The stock has a market capitalization of $1.02 billion, a PE ratio of 5.78, a P/E/G ratio of 0.77 and a beta of 0.93. The business has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $20.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.44 and a quick ratio of 2.44. Cross Country Healthcare has a 1-year low of $15.26 and a 1-year high of $30.51.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Range Financial Group LLC bought a new position in shares of Cross Country Healthcare in the 1st quarter worth $506,000. Point72 Hong Kong Ltd purchased a new position in Cross Country Healthcare during the 1st quarter worth $35,000. Quantbot Technologies LP purchased a new position in Cross Country Healthcare during the 1st quarter worth $269,000. Delphia USA Inc. purchased a new position in Cross Country Healthcare during the 1st quarter worth $382,000. Finally, Eqis Capital Management Inc. grew its stake in Cross Country Healthcare by 28.4% during the 1st quarter. Eqis Capital Management Inc. now owns 9,419 shares of the business services provider’s stock worth $204,000 after buying an additional 2,082 shares during the last quarter. 89.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CCRN shares. Credit Suisse Group dropped their target price on Cross Country Healthcare from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, June 9th. Benchmark decreased their target price on Cross Country Healthcare from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, June 13th. Barrington Research lifted their target price on Cross Country Healthcare from $33.00 to $44.00 in a research report on Monday, April 11th. Finally, began coverage on Cross Country Healthcare in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

About Cross Country Healthcare

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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

Earnings History for Cross Country Healthcare (NASDAQ:CCRN)

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