Cross Country Healthcare, Inc. (NASDAQ:CCRN) Forecasted to Post Q3 2017 Earnings of $0.18 Per Share
Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Analysts at Oppenheimer Holdings cut their Q3 2017 EPS estimates for Cross Country Healthcare in a note issued to investors on Wednesday. Oppenheimer Holdings analyst M. Wiederhorn now anticipates that the business services provider will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. Oppenheimer Holdings also issued estimates for Cross Country Healthcare’s Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.25 EPS.
A number of other equities research analysts also recently commented on CCRN. UBS AG reaffirmed a “buy” rating and issued a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. Benchmark Co. cut their target price on shares of Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday. BidaskClub downgraded shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, BMO Capital Markets cut their target price on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.21.
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Cross Country Healthcare (CCRN) opened at 12.01 on Friday. The stock’s market cap is $428.17 million. The company has a 50-day moving average price of $12.47 and a 200 day moving average price of $13.48. Cross Country Healthcare has a 1-year low of $10.53 and a 1-year high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The business had revenue of $209.31 million for the quarter, compared to the consensus estimate of $209.92 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. Cross Country Healthcare’s revenue for the quarter was up 4.9% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $103,000 after buying an additional 5,955 shares during the period. Globeflex Capital L P bought a new stake in Cross Country Healthcare during the first quarter worth approximately $104,000. Mason Street Advisors LLC boosted its position in shares of Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Cross Country Healthcare by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,660 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Cross Country Healthcare during the first quarter valued at $157,000. 90.12% of the stock is owned by institutional investors and hedge funds.
About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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