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

Cross Country Healthcare (NASDAQ:CCRN) updated its fourth quarter earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCRN. Truist Financial decreased their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a report on Monday, October 21st. Barrington Research cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and a consensus target price of $18.75.

Cross Country Healthcare Stock Up 6.1 %

CCRN stock traded up $0.70 during midday trading on Wednesday, hitting $12.15. 1,063,969 shares of the company traded hands, compared to its average volume of 527,453. The business has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $14.42. The stock has a market capitalization of $410.79 million, a price-to-earnings ratio of 49.78, a price-to-earnings-growth ratio of 2.20 and a beta of 0.65. Cross Country Healthcare has a twelve month low of $11.02 and a twelve month high of $23.64.

About Cross Country Healthcare

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.