Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Research analysts at SunTrust Banks lowered their Q3 2017 earnings per share estimates for shares of Cross Country Healthcare in a note issued to investors on Thursday. SunTrust Banks analyst T. Sommer now expects that the business services provider will earn $0.16 per share for the quarter, down from their previous estimate of $0.18. SunTrust Banks also issued estimates for Cross Country Healthcare’s Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.60 EPS, Q3 2018 earnings at $0.23 EPS and Q4 2018 earnings at $0.28 EPS.

A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Monday. Benchmark Co. reduced 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 note on Thursday, August 3rd. BidaskClub downgraded shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. UBS AG reissued a “buy” rating and issued a $15.00 price target (down from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. Finally, BMO Capital Markets cut their price target on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.64.

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Shares of Cross Country Healthcare (NASDAQ:CCRN) opened at 12.37 on Monday. The company’s market cap is $441.00 million. The stock’s 50 day moving average is $12.47 and its 200 day moving average is $13.48. Cross Country Healthcare has a 12 month low of $10.53 and a 12 month high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The firm had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis.

Institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock worth $192,000 after buying an additional 100 shares during the period. Prudential Financial Inc. increased its position in shares of Cross Country Healthcare by 28.7% in the first quarter. Prudential Financial Inc. now owns 91,529 shares of the business services provider’s stock worth $1,314,000 after buying an additional 20,384 shares during the period. Acadian Asset Management LLC increased its position in shares of Cross Country Healthcare by 3.1% in the first quarter. Acadian Asset Management LLC now owns 246,415 shares of the business services provider’s stock worth $3,538,000 after buying an additional 7,318 shares during the period. Renaissance Technologies LLC increased its position in shares of Cross Country Healthcare by 244.1% in the fourth quarter. Renaissance Technologies LLC now owns 158,018 shares of the business services provider’s stock worth $2,467,000 after buying an additional 112,101 shares during the period. Finally, Royce & Associates LP increased its position in shares of 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 worth $8,324,000 after buying an additional 287,123 shares during the period. 90.00% of the stock is currently owned by institutional investors.

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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