Barrington Research Comments on Cross Country Healthcare, Inc.’s FY2019 Earnings (NASDAQ:CCRN)

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Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Barrington Research increased their FY2019 earnings per share (EPS) estimates for shares of Cross Country Healthcare in a report issued on Monday, August 12th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings of $0.06 per share for the year, up from their previous estimate of $0.03. Barrington Research has a “Buy” rating and a $10.00 price target on the stock. Barrington Research also issued estimates for Cross Country Healthcare’s FY2020 earnings at $0.18 EPS.

Several other research firms have also weighed in on CCRN. ValuEngine upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub upgraded Cross Country Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 10th. Finally, Zacks Investment Research lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Cross Country Healthcare has a consensus rating of “Buy” and a consensus target price of $10.00.

NASDAQ CCRN opened at $9.59 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. Cross Country Healthcare has a twelve month low of $6.75 and a twelve month high of $10.27. The firm has a market capitalization of $360.79 million, a PE ratio of 79.92, a P/E/G ratio of 12.90 and a beta of 1.28. The stock’s 50 day moving average is $9.33 and its 200 day moving average is $8.32.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.01 earnings per share for the quarter. The firm had revenue of $202.80 million for the quarter, compared to analyst estimates of $199.46 million. Cross Country Healthcare had a positive return on equity of 0.62% and a negative net margin of 9.20%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its holdings in Cross Country Healthcare by 413.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,407 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 5,964 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Cross Country Healthcare in the fourth quarter valued at about $75,000. Metropolitan Life Insurance Co. NY lifted its holdings in Cross Country Healthcare by 399.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 9,486 shares during the period. Magnus Financial Group LLC lifted its holdings in Cross Country Healthcare by 20.2% in the second quarter. Magnus Financial Group LLC now owns 13,580 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 2,278 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Cross Country Healthcare by 62.9% in the first quarter. SG Americas Securities LLC now owns 19,422 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 7,502 shares during the period. Institutional investors own 91.97% of the company’s stock.

In other news, CEO Kevin Cronin Clark purchased 8,330 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $8.00 per share, for a total transaction of $66,640.00. Following the completion of the transaction, the chief executive officer now directly owns 250,734 shares of the company’s stock, valued at approximately $2,005,872. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

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.

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

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