What is William Blair's Estimate for CCRN FY2027 Earnings?

Key Points

• William Blair has estimated that Cross Country Healthcare's FY2027 earnings per share will be $0.26, significantly lower than the current consensus estimate of $0.53.
• The company reported a quarterly earnings loss of ($0.01) EPS, missing analyst expectations, and had revenues of $274.07 million, below the estimation of $292.67 million.
• Cross Country Healthcare's stock is currently down 0.6%, trading at $12.45, with a market capitalization of $408.15 million.

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

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.71%. The firm had revenue of $274.07 million during the quarter, compared to analysts' expectations of $292.67 million.

A number of other equities analysts have also commented on the company. Wall Street Zen started coverage on Cross Country Healthcare in a report on Thursday, May 15th. They issued a "hold" rating for the company. UBS Group lowered their price target on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Barrington Research reaffirmed a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.93.

Cross Country Healthcare Stock Down 0.6%

Cross Country Healthcare stock traded down $0.08 during trading on Friday, hitting $12.45. The stock had a trading volume of 91,701 shares, compared to its average volume of 345,513. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.33. The stock's 50 day moving average is $13.11 and its two-hundred day moving average is $14.72. The stock has a market cap of $408.15 million, a price-to-earnings ratio of -47.88, a price-to-earnings-growth ratio of 4.09 and a beta of 0.35.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Cross Country Healthcare during the 4th quarter valued at about $2,027,000. Geode Capital Management LLC boosted its position in shares of Cross Country Healthcare by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock worth $13,702,000 after purchasing an additional 2,112 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock worth $357,000 after purchasing an additional 3,371 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Cross Country Healthcare in the 4th quarter valued at approximately $217,000. Finally, Quadrant Capital Group LLC bought a new position in Cross Country Healthcare in the 4th quarter valued at approximately $25,000. Institutional investors own 96.03% of the company's stock.

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.

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