FY2017 EPS Estimates for Cross Country Healthcare, Inc. Cut by Cantor Fitzgerald (CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities research analysts at Cantor Fitzgerald dropped their FY2017 earnings per share estimates for Cross Country Healthcare in a research report issued on Tuesday. Cantor Fitzgerald analyst J. France now anticipates that the business services provider will post earnings of $0.65 per share for the year, down from their prior forecast of $0.70. Cantor Fitzgerald currently has a “Buy” rating and a $18.00 price target on the stock. Cantor Fitzgerald also issued estimates for Cross Country Healthcare’s FY2018 earnings at $0.80 EPS.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $228.50 million during the quarter, compared to the consensus estimate of $228.97 million. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Cross Country Healthcare, Inc. Cut by Cantor Fitzgerald (CCRN)” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/11/11/fy2017-eps-estimates-for-cross-country-healthcare-inc-cut-by-cantor-fitzgerald-ccrn.html.

Other research analysts also recently issued research reports about the company. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research note on Wednesday, September 27th. Benchmark Co. reiterated a “buy” rating and set a $17.00 price target (down previously from $18.00) on shares of Cross Country Healthcare in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Monday, August 7th. Credit Suisse Group started coverage on Cross Country Healthcare in a research note on Tuesday. They set a “neutral” rating and a $13.00 price target for the company. Finally, BMO Capital Markets cut their price target on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Cross Country Healthcare currently has an average rating of “Hold” and an average price target of $15.31.

Cross Country Healthcare (NASDAQ:CCRN) opened at $12.22 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.24 and a current ratio of 2.14. The firm has a market capitalization of $431.93, a price-to-earnings ratio of 18.50, a PEG ratio of 1.05 and a beta of 0.77. Cross Country Healthcare has a 12 month low of $11.07 and a 12 month high of $16.38.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Cross Country Healthcare by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,840 shares of the business services provider’s stock worth $28,331,000 after purchasing an additional 133,341 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cross Country Healthcare by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,919,676 shares of the business services provider’s stock worth $24,783,000 after purchasing an additional 86,718 shares in the last quarter. Benefit Street Partners LLC lifted its holdings in Cross Country Healthcare by 30.9% during the 2nd quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock worth $19,939,000 after purchasing an additional 364,229 shares in the last quarter. Simcoe Capital Management LLC raised its holdings in shares of Cross Country Healthcare by 120.9% in the 2nd quarter. Simcoe Capital Management LLC now owns 1,227,590 shares of the business services provider’s stock valued at $15,848,000 after acquiring an additional 671,885 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Cross Country Healthcare by 9.8% in the 2nd quarter. State Street Corp now owns 876,998 shares of the business services provider’s stock valued at $11,323,000 after acquiring an additional 78,451 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Thomas C. Dircks acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $11.77 per share, with a total value of $117,700.00. Following the acquisition, the director now owns 104,571 shares of the company’s stock, valued at approximately $1,230,800.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Grubbs sold 49,113 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the sale, the insider now directly owns 395,188 shares in the company, valued at approximately $4,805,486.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

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

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