Oppenheimer Weighs in on Cross Country Healthcare, Inc.’s Q2 2019 Earnings (CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Stock analysts at Oppenheimer lowered their Q2 2019 EPS estimates for shares of Cross Country Healthcare in a report issued on Thursday, February 28th. Oppenheimer analyst M. Wiederhorn now forecasts that the business services provider will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.09. Oppenheimer also issued estimates for Cross Country Healthcare’s Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.08 EPS, Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.06 EPS, Q3 2020 earnings at $0.09 EPS and Q4 2020 earnings at $0.11 EPS.

A number of other research analysts also recently issued reports on CCRN. BidaskClub upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Lake Street Capital upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Friday, November 2nd. BMO Capital Markets boosted their price target on shares of Cross Country Healthcare from $9.00 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, November 5th. ValuEngine upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, SunTrust Banks downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus target price of $11.50.

CCRN opened at $8.74 on Friday. Cross Country Healthcare has a fifty-two week low of $6.91 and a fifty-two week high of $12.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $320.81 million, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.74 and a beta of 1.15.

Several institutional investors have recently added to or reduced their stakes in CCRN. Strs Ohio raised its holdings in Cross Country Healthcare by 29.9% during the third quarter. Strs Ohio now owns 80,000 shares of the business services provider’s stock worth $698,000 after buying an additional 18,400 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Cross Country Healthcare in the 3rd quarter worth $997,000. Stone Ridge Asset Management LLC grew its stake in shares of Cross Country Healthcare by 16.8% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 64,352 shares of the business services provider’s stock worth $562,000 after acquiring an additional 9,238 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Cross Country Healthcare by 34.5% in the 3rd quarter. Systematic Financial Management LP now owns 854,010 shares of the business services provider’s stock worth $7,456,000 after acquiring an additional 219,086 shares in the last quarter. Finally, Frontier Investment Mgmt Co. bought a new stake in shares of Cross Country Healthcare in the 3rd quarter worth $437,000. Institutional investors own 88.18% of the company’s stock.

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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