Cross Country Healthcare (NASDAQ:CCRN) Issues Q4 Earnings Guidance

Cross Country Healthcare (NASDAQ:CCRN) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.10-$0.14 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $300-$310 million, compared to the consensus revenue estimate of $319.07 million.

Cross Country Healthcare Price Performance

CCRN traded up $0.70 during trading on Wednesday, hitting $12.15. The company had a trading volume of 1,063,969 shares, compared to its average volume of 527,453. Cross Country Healthcare has a 1-year low of $11.02 and a 1-year high of $23.64. The company has a market cap of $410.79 million, a PE ratio of 49.78, a P/E/G ratio of 2.20 and a beta of 0.65. The business has a 50-day moving average of $13.14 and a 200-day moving average of $14.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial cut their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Barrington Research dropped their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Cross Country Healthcare currently has an average rating of “Hold” and a consensus target price of $18.75.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.