Cross Country Healthcare (NASDAQ:CCRN) Updates Q4 Earnings Guidance

Cross Country Healthcare (NASDAQ:CCRN) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.10-$0.14 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $300-$310 million, compared to the consensus revenue estimate of $319.07 million. Cross Country Healthcare also updated its Q4 2024 guidance to 0.100-0.140 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCRN shares. Benchmark lowered their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial dropped their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Barrington Research reduced their price target 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Cross Country Healthcare Price Performance

NASDAQ CCRN traded down $1.91 on Friday, hitting $10.36. The stock had a trading volume of 1,046,631 shares, compared to its average volume of 530,927. Cross Country Healthcare has a 52-week low of $10.35 and a 52-week high of $23.64. The business’s fifty day moving average price is $12.94 and its 200 day moving average price is $14.35. The stock has a market cap of $350.26 million, a price-to-earnings ratio of -207.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $315.12 million during the quarter, compared to analyst estimates of $310.05 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. As a group, sell-side analysts anticipate that Cross Country Healthcare will post 0.52 EPS for the current year.

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.