FY2018 Earnings Estimate for Cross Country Healthcare, Inc. Issued By SunTrust Banks (CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Analysts at SunTrust Banks lowered their FY2018 earnings estimates for Cross Country Healthcare in a report released on Monday, November 5th. SunTrust Banks analyst T. Sommer now expects that the business services provider will earn $0.16 per share for the year, down from their prior forecast of $0.28. SunTrust Banks also issued estimates for Cross Country Healthcare’s Q4 2018 earnings at $0.02 EPS, Q3 2019 earnings at $0.12 EPS and FY2019 earnings at $0.32 EPS.

CCRN has been the topic of several other research reports. BMO Capital Markets lowered shares of Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Stephens initiated coverage on shares of Cross Country Healthcare in a research report on Tuesday, October 2nd. They issued an “equal weight” rating on the stock. Finally, ValuEngine raised shares of Cross Country Healthcare from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.57.

Shares of CCRN opened at $8.94 on Thursday. The company has a market cap of $330.79 million, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 3.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.24. Cross Country Healthcare has a twelve month low of $7.41 and a twelve month high of $14.49.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $200.72 million for the quarter, compared to the consensus estimate of $200.66 million. Cross Country Healthcare had a net margin of 3.67% and a return on equity of 4.43%. Cross Country Healthcare’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Cross Country Healthcare by 2.4% in the third quarter. BlackRock Inc. now owns 5,082,744 shares of the business services provider’s stock valued at $44,373,000 after purchasing an additional 119,439 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cross Country Healthcare by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,960,349 shares of the business services provider’s stock valued at $22,054,000 after purchasing an additional 216,714 shares during the period. Royce & Associates LP raised its position in shares of Cross Country Healthcare by 2.8% in the second quarter. Royce & Associates LP now owns 1,060,481 shares of the business services provider’s stock valued at $11,930,000 after purchasing an additional 28,500 shares during the period. Investment Counselors of Maryland LLC bought a new position in shares of Cross Country Healthcare in the second quarter valued at approximately $10,180,000. Finally, Heartland Advisors Inc. raised its position in shares of Cross Country Healthcare by 79.8% in the second quarter. Heartland Advisors Inc. now owns 880,756 shares of the business services provider’s stock valued at $9,909,000 after purchasing an additional 390,808 shares during the period. 89.95% of the stock is currently owned by institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

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