Q2 2019 EPS Estimates for Cross Country Healthcare, Inc. (CCRN) Increased by Analyst

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Research analysts at Barrington Research lifted their Q2 2019 EPS estimates for shares of Cross Country Healthcare in a report released on Monday, May 20th. Barrington Research analyst K. Steinke now expects that the business services provider will post earnings of ($0.01) per share for the quarter, up from their prior forecast of ($0.02). Barrington Research has a “Buy” rating and a $10.00 price objective on the stock. Barrington Research also issued estimates for Cross Country Healthcare’s FY2019 earnings at $0.03 EPS.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Cross Country Healthcare had a positive return on equity of 1.19% and a negative net margin of 2.54%. The firm had revenue of $195.10 million during the quarter, compared to the consensus estimate of $198.47 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year.

CCRN has been the subject of several other reports. ValuEngine downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. BidaskClub upgraded Cross Country Healthcare from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. SunTrust Banks downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets cut their price target on Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.80.

Shares of Cross Country Healthcare stock opened at $7.48 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market cap of $275.46 million, a P/E ratio of 62.33, a P/E/G ratio of 16.09 and a beta of 1.09. Cross Country Healthcare has a 1 year low of $6.75 and a 1 year high of $12.75.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in shares of Cross Country Healthcare by 413.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,407 shares of the business services provider’s stock worth $52,000 after buying an additional 5,964 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth $74,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth $75,000. Magnus Financial Group LLC acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth $83,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Cross Country Healthcare by 399.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock worth $87,000 after buying an additional 9,486 shares during the last quarter. Institutional investors own 90.97% 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.

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

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

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.