Cross Country Healthcare (NASDAQ:CCRN) posted its quarterly earnings results on Tuesday. The business services provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04, Briefing.com reports. Cross Country Healthcare had a positive return on equity of 1.24% and a negative net margin of 9.44%. The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $202.60 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Cross Country Healthcare updated its Q4 guidance to $0.05-0.07 EPS.
NASDAQ:CCRN opened at $12.43 on Friday. The firm has a market capitalization of $418.70 million, a price-to-earnings ratio of 103.58, a P/E/G ratio of 14.17 and a beta of 1.28. Cross Country Healthcare has a 52-week low of $6.75 and a 52-week high of $12.99. The stock has a fifty day moving average of $10.47 and a 200 day moving average of $9.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.99 and a current ratio of 1.99.
A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on Cross Country Healthcare from $10.00 to $12.00 and gave the stock a “market perform” rating in a report on Wednesday. BidaskClub raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Tuesday, October 1st. Finally, ValuEngine lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Cross Country Healthcare presently has a consensus rating of “Buy” and an average target price of $11.33.
About Cross Country Healthcare
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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