Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Research analysts at SunTrust Banks dropped their Q1 2018 earnings estimates for shares of Cross Country Healthcare in a research report issued on Thursday. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.06. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Cross Country Healthcare’s Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $0.66 EPS.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Cross Country Healthcare had a return on equity of 10.24% and a net margin of 4.34%. The business had revenue of $219.67 million for the quarter, compared to analysts’ expectations of $225.60 million. During the same period in the prior year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year.
A number of other research analysts have also weighed in on CCRN. Credit Suisse Group initiated coverage on Cross Country Healthcare in a research note on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price target on the stock. BidaskClub lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Jefferies Group initiated coverage on Cross Country Healthcare in a research note on Thursday, February 1st. They set a “hold” rating and a $15.00 price target on the stock. Finally, Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.14.
Cross Country Healthcare (NASDAQ:CCRN) opened at $11.66 on Monday. Cross Country Healthcare has a 52 week low of $9.07 and a 52 week high of $15.09. The firm has a market capitalization of $415.32, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.75. The company has a current ratio of 2.21, a quick ratio of 2.14 and a debt-to-equity ratio of 0.39.
In other news, Director W Larry Cash bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average cost of $11.23 per share, with a total value of $56,150.00. Following the transaction, the director now owns 113,580 shares of the company’s stock, valued at approximately $1,275,503.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Grubbs bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $11.18 per share, for a total transaction of $111,800.00. Following the completion of the transaction, the chief executive officer now directly owns 353,741 shares in the company, valued at approximately $3,954,824.38. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. purchased a new position in shares of Cross Country Healthcare in the 3rd quarter worth $146,000. Renaissance Technologies LLC purchased a new position in shares of Cross Country Healthcare in the 4th quarter worth $156,000. Teacher Retirement System of Texas purchased a new position in shares of Cross Country Healthcare in the 4th quarter worth $162,000. MetLife Investment Advisors LLC purchased a new position in shares of Cross Country Healthcare in the 4th quarter worth $210,000. Finally, Strs Ohio increased its holdings in Cross Country Healthcare by 69.5% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 6,600 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.
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.