Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Analysts at Oppenheimer Holdings upped their FY2017 earnings per share estimates for Cross Country Healthcare in a report released on Wednesday. Oppenheimer Holdings analyst M. Wiederhorn now expects that the business services provider will earn $0.64 per share for the year, up from their prior forecast of $0.60. Oppenheimer Holdings also issued estimates for Cross Country Healthcare’s Q2 2018 earnings at $0.22 EPS and FY2018 earnings at $0.84 EPS.

Several other research firms have also recently weighed in on CCRN. Benchmark Co. cut their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and set a $15.00 target price (down from $16.50) on shares of Cross Country Healthcare in a research note on Wednesday, June 14th. 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 note on Monday, May 15th. Finally, BidaskClub cut shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One equities research 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 stock has a consensus rating of “Buy” and an average target price of $16.21.

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Shares of Cross Country Healthcare (NASDAQ CCRN) opened at 12.01 on Monday. Cross Country Healthcare has a 12-month low of $10.53 and a 12-month high of $16.38. The stock’s market cap is $428.17 million. The firm has a 50-day moving average price of $12.47 and a 200 day moving average price of $13.48.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results 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. The company had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS.

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Cross Country Healthcare by 4.1% in the first quarter. Wellington Management Group LLP now owns 4,077,922 shares of the business services provider’s stock valued at $58,559,000 after buying an additional 159,688 shares during the period. Wells Fargo & Company MN raised its position in Cross Country Healthcare by 39.3% in the first quarter. Wells Fargo & Company MN now owns 2,622,171 shares of the business services provider’s stock valued at $37,655,000 after buying an additional 740,106 shares during the period. Vanguard Group Inc. raised its position in Cross Country Healthcare by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,832,958 shares of the business services provider’s stock valued at $26,321,000 after buying an additional 131,295 shares during the period. State Street Corp raised its position in Cross Country Healthcare by 4.5% in the fourth quarter. State Street Corp now owns 725,878 shares of the business services provider’s stock valued at $11,328,000 after buying an additional 30,988 shares during the period. Finally, Royce & Associates LP raised its position in Cross Country Healthcare by 98.1% in the first quarter. Royce & Associates LP now owns 579,686 shares of the business services provider’s stock valued at $8,324,000 after buying an additional 287,123 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

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.

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

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