Brokers Offer Predictions for Cross Country Healthcare, Inc.’s Q2 2024 Earnings (NASDAQ:CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Investment analysts at Barrington Research dropped their Q2 2024 earnings estimates for Cross Country Healthcare in a report released on Monday, May 6th. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.18. Barrington Research currently has a “Outperform” rating and a $21.00 target price on the stock. The consensus estimate for Cross Country Healthcare’s current full-year earnings is $0.77 per share.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 2.58%. The company had revenue of $379.17 million during the quarter, compared to the consensus estimate of $374.38 million. During the same period in the previous year, the firm posted $0.84 EPS. Cross Country Healthcare’s revenue was down 39.1% on a year-over-year basis.

CCRN has been the topic of several other reports. TheStreet lowered shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Truist Financial lowered their price objective on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Benchmark cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.83.

Cross Country Healthcare Trading Up 0.2 %

Shares of NASDAQ:CCRN opened at $16.47 on Wednesday. The firm has a market cap of $572.73 million, a price-to-earnings ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.77. The stock’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $19.88. Cross Country Healthcare has a 12-month low of $15.65 and a 12-month high of $28.75.

Institutional Trading of Cross Country Healthcare

Several large investors have recently bought and sold shares of CCRN. Pacer Advisors Inc. grew its holdings in Cross Country Healthcare by 50.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,489,580 shares of the business services provider’s stock valued at $56,364,000 after purchasing an additional 834,941 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cross Country Healthcare by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider’s stock valued at $51,095,000 after acquiring an additional 76,954 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Cross Country Healthcare by 74.3% during the fourth quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock worth $49,663,000 after acquiring an additional 934,841 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Cross Country Healthcare by 3.6% in the third quarter. Principal Financial Group Inc. now owns 1,966,251 shares of the business services provider’s stock worth $48,743,000 after acquiring an additional 69,013 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Cross Country Healthcare by 0.3% in the third quarter. Deutsche Bank AG now owns 717,762 shares of the business services provider’s stock valued at $17,793,000 after purchasing an additional 2,026 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Buying and Selling

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $16.95, for a total value of $105,361.20. Following the transaction, the insider now directly owns 35,101 shares of the company’s stock, valued at $594,961.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by corporate insiders.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.