Cross Country Healthcare (CCRN) to Release Quarterly Earnings on Thursday

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Cross Country Healthcare (NASDAQ:CCRN) is set to announce its earnings results after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $204.57 million for the quarter, compared to analyst estimates of $209.29 million. Cross Country Healthcare had a return on equity of 7.90% and a net margin of 4.39%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. On average, analysts expect Cross Country Healthcare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cross Country Healthcare stock opened at $8.96 on Wednesday. The company has a market cap of $312.86 million, a P/E ratio of 14.69, a P/E/G ratio of 2.92 and a beta of 0.80. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.38. Cross Country Healthcare has a one year low of $7.41 and a one year high of $14.49.

Several equities analysts recently commented on CCRN shares. ValuEngine raised Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. BidaskClub lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 target price (down from $11.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 1st. Finally, BMO Capital Markets lowered Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Cross Country Healthcare presently has a consensus rating of “Hold” and an average target price of $12.86.

In other Cross Country Healthcare news, insider William J. Grubbs bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average cost of $8.93 per share, with a total value of $89,300.00. Following the transaction, the insider now directly owns 422,291 shares in the company, valued at approximately $3,771,058.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas C. Dircks purchased 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average cost of $9.07 per share, for a total transaction of $99,770.00. Following the completion of the transaction, the director now owns 134,595 shares in the company, valued at approximately $1,220,776.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 37,341 shares of company stock worth $344,203. 3.40% of the stock is currently owned by corporate insiders.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

Further Reading: Growth Stocks

Earnings History for Cross Country Healthcare (NASDAQ:CCRN)

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