Cross Country Healthcare (NASDAQ:CCRN) Issues Q4 2024 Earnings Guidance

Cross Country Healthcare (NASDAQ:CCRN) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.100-0.140 for the period, compared to the consensus estimate of 0.130. The company issued revenue guidance of $300.0 million-$310.0 million, compared to the consensus revenue estimate of $319.1 million. Cross Country Healthcare also updated its Q4 guidance to $0.10-$0.14 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCRN. Barrington Research reduced their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Truist Financial lowered their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and a consensus price target of $18.75.

Cross Country Healthcare Stock Up 6.1 %

Shares of Cross Country Healthcare stock traded up $0.70 during trading on Wednesday, reaching $12.15. The company’s stock had a trading volume of 1,063,968 shares, compared to its average volume of 527,453. The company has a market cap of $410.79 million, a price-to-earnings ratio of 52.83, a PEG ratio of 2.20 and a beta of 0.65. The firm’s 50-day moving average is $13.09 and its two-hundred day moving average is $14.41. Cross Country Healthcare has a 52-week low of $11.02 and a 52-week high of $23.64.

Cross Country Healthcare Company Profile

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.