Cross Country Healthcare (CCRN) to Release Quarterly Earnings on Wednesday

Cross Country Healthcare (NASDAQ:CCRN) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The firm had revenue of $339.77 million for the quarter, compared to analyst estimates of $334.75 million. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. 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 Stock Performance

Shares of Cross Country Healthcare stock opened at $11.84 on Wednesday. Cross Country Healthcare has a 52-week low of $11.46 and a 52-week high of $23.64. The business’s 50 day simple moving average is $13.52 and its 200 day simple moving average is $14.67. The firm has a market cap of $411.72 million, a PE ratio of 9.11, a P/E/G ratio of 2.37 and a beta of 0.63.

Insider Activity

In related news, insider Karen Mote sold 13,829 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Karen Mote sold 13,829 shares of Cross Country Healthcare 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 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 this hyperlink. Also, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on CCRN. Truist Financial lowered their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Barrington Research lowered their price target on shares of 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.