Cross Country Healthcare (CCRN) to Release Earnings on Wednesday

Cross Country Healthcare (NASDAQ:CCRN) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $339.77 million for the quarter, compared to analyst estimates of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. Cross Country Healthcare’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, analysts expect Cross Country Healthcare to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cross Country Healthcare Price Performance

CCRN stock opened at $11.84 on Wednesday. The company has a 50 day moving average price of $13.52 and a 200 day moving average price of $14.67. Cross Country Healthcare has a fifty-two week low of $11.46 and a fifty-two week high of $23.64. The stock has a market capitalization of $411.72 million, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.37 and a beta of 0.63.

Insider Activity at Cross Country Healthcare

In other news, insider Karen Mote sold 13,829 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the transaction, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total value of $236,199.32. Following the sale, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total transaction of $33,473.45. Following the transaction, the vice president now directly owns 7,605 shares in the company, valued at approximately $130,882.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCRN. Barrington Research cut their price target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Truist Financial reduced their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.20.

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.