FY2027 Earnings Forecast for CCRN Issued By William Blair

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities research analysts at William Blair issued their FY2027 earnings per share estimates for shares of Cross Country Healthcare in a report released on Wednesday, August 6th. William Blair analyst T. Romeo forecasts that the business services provider will earn $0.26 per share for the year. The consensus estimate for Cross Country Healthcare’s current full-year earnings is $0.53 per share.

Several other research analysts also recently commented on the company. UBS Group reduced their price objective on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Wall Street Zen raised Cross Country Healthcare to a “hold” rating in a research note on Saturday. Finally, Barrington Research reissued a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.93.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $12.72 on Friday. The business has a fifty day moving average price of $13.10 and a 200 day moving average price of $14.66. Cross Country Healthcare has a one year low of $9.58 and a one year high of $18.33. The company has a market cap of $416.71 million, a P/E ratio of -48.92, a P/E/G ratio of 4.13 and a beta of 0.35.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. The business had revenue of $274.07 million for the quarter, compared to analysts’ expectations of $292.67 million.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter worth $25,000. Signaturefd LLC increased its stake in shares of Cross Country Healthcare by 139.9% in the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after acquiring an additional 1,279 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cross Country Healthcare in the 1st quarter worth $59,000. AlphaQuest LLC increased its stake in shares of Cross Country Healthcare by 324.6% in the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock worth $124,000 after acquiring an additional 6,343 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter worth $201,000. 96.03% of the stock is owned by institutional investors and hedge funds.

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.