Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Stock analysts at Oppenheimer cut their Q1 2018 EPS estimates for Cross Country Healthcare in a report released on Tuesday. Oppenheimer analyst M. Wiederhorn now forecasts that the business services provider will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.12. Oppenheimer also issued estimates for Cross Country Healthcare’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.23 EPS, FY2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $0.85 EPS.
Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The business had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $228.97 million. During the same quarter last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis.
Shares of Cross Country Healthcare (CCRN) traded up $0.03 during midday trading on Wednesday, hitting $12.95. The stock had a trading volume of 130,300 shares, compared to its average volume of 204,700. Cross Country Healthcare has a twelve month low of $11.07 and a twelve month high of $16.38. The stock has a market capitalization of $470.78, a P/E ratio of 647.50, a price-to-earnings-growth ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 2.14.
Several hedge funds have recently made changes to their positions in CCRN. Alliancebernstein L.P. lifted its position in Cross Country Healthcare by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 40,095 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 3,200 shares in the last quarter. Benefit Street Partners LLC lifted its position 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 acquiring an additional 364,229 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Cross Country Healthcare by 20.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 75,215 shares of the business services provider’s stock worth $972,000 after acquiring an additional 12,900 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Cross Country Healthcare by 85.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,500 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 8,502 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $402,000. Institutional investors own 92.08% of the company’s stock.
In other Cross Country Healthcare news, General Counsel Susan E. Ball sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $14.19, for a total value of $354,750.00. Following the completion of the sale, the general counsel now owns 126,921 shares in the company, valued at approximately $1,801,008.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Dircks acquired 10,000 shares of Cross Country Healthcare stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $11.77 per share, with a total value of $117,700.00. Following the transaction, the director now directly owns 104,571 shares in the company, valued at approximately $1,230,800.67. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by company insiders.
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.
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