Cross Country Healthcare (CCRN) Set to Announce Quarterly Earnings on Wednesday

Cross Country Healthcare (NASDAQ:CCRN) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Cross Country Healthcare to post earnings of $0.17 per share for the quarter. Cross Country Healthcare has set its Q1 guidance at $0.15-0.25 EPS and its Q1 2024 guidance at 0.150-0.250 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $414.04 million during the quarter, compared to the consensus estimate of $404.42 million. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The business’s revenue for the quarter was down 34.1% compared to the same quarter last year. During the same period last year, the company earned $1.09 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 Trading Down 1.5 %

Shares of CCRN stock opened at $17.14 on Monday. The stock has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $20.19. The stock has a market capitalization of $594.36 million, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.86 and a beta of 0.75. Cross Country Healthcare has a twelve month low of $15.65 and a twelve month high of $28.75.

Insiders Place Their Bets

In other news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the transaction, the insider now directly owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCRN. Truist Financial cut their price objective on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. Barrington Research reduced their target price on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Benchmark decreased their price target on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, TheStreet lowered Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.67.

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.