Wall Street brokerages expect that Cross Country Healthcare, Inc. (NASDAQ:CCRN) will announce $202.71 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cross Country Healthcare’s earnings, with the highest sales estimate coming in at $204.48 million and the lowest estimate coming in at $201.80 million. Cross Country Healthcare posted sales of $200.72 million in the same quarter last year, which indicates a positive year over year growth rate of 1%. The company is expected to report its next earnings report after the market closes on Tuesday, November 5th.
According to Zacks, analysts expect that Cross Country Healthcare will report full-year sales of $806.07 million for the current year, with estimates ranging from $803.37 million to $812.05 million. For the next year, analysts forecast that the company will post sales of $842.92 million, with estimates ranging from $820.85 million to $863.19 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cross Country Healthcare.
Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.01 EPS for the quarter. The firm had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $199.46 million. Cross Country Healthcare had a negative net margin of 9.20% and a positive return on equity of 0.62%. Cross Country Healthcare’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS.
Several large investors have recently bought and sold shares of CCRN. Sio Capital Management LLC bought a new position in shares of Cross Country Healthcare during the 2nd quarter valued at about $2,427,000. Russell Investments Group Ltd. boosted its position in shares of Cross Country Healthcare by 784.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 263,552 shares of the business services provider’s stock valued at $2,471,000 after purchasing an additional 233,752 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Cross Country Healthcare by 481.4% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 260,315 shares of the business services provider’s stock valued at $2,442,000 after purchasing an additional 215,541 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Cross Country Healthcare during the 2nd quarter valued at about $1,871,000. Finally, Vanguard Group Inc. boosted its position in shares of Cross Country Healthcare by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,429,399 shares of the business services provider’s stock valued at $22,788,000 after purchasing an additional 159,036 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Cross Country Healthcare stock traded up $0.32 during trading hours on Monday, hitting $10.61. 33,362 shares of the company traded hands, compared to its average volume of 196,720. The firm has a market cap of $370.01 million, a P/E ratio of 88.42, a P/E/G ratio of 12.52 and a beta of 1.28. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $8.86. Cross Country Healthcare has a 1-year low of $6.75 and a 1-year high of $11.06.
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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