Cross Country Healthcare (NASDAQ:CCRN) Releases Earnings Results, Misses Expectations By $0.07 EPS

Cross Country Healthcare (NASDAQ:CCRN) issued its quarterly earnings results on Wednesday. The business services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07), Zacks reports. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%.

Cross Country Healthcare Trading Down 0.6 %

Shares of CCRN stock traded down $0.11 on Wednesday, hitting $16.86. The stock had a trading volume of 324,402 shares, compared to its average volume of 466,510. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $19.25. The firm has a market cap of $553.28 million, a P/E ratio of -337.13, a PEG ratio of 3.32 and a beta of 0.44. The company has a fifty day moving average price of $18.03 and a two-hundred day moving average price of $15.10.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Tuesday. They issued a “hold” rating for the company. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Truist Financial lifted their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.54.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.