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

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

Cross Country Healthcare Stock Down 0.6 %

Shares of NASDAQ:CCRN traded down $0.11 on Wednesday, reaching $16.86. The company 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 stock has a 50-day moving average price of $18.03 and a 200 day moving average price of $15.10. The stock has a market capitalization of $553.28 million, a P/E ratio of -337.13, a P/E/G ratio of 3.32 and a beta of 0.44.

Analyst Ratings Changes

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