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 Cross Country Healthcare in a report released on Wednesday, August 6th. William Blair analyst T. Romeo expects 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.

CCRN has been the subject of several other reports. Barrington Research restated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Wall Street Zen upgraded Cross Country Healthcare to a "hold" rating in a report on Saturday. Finally, UBS Group lowered their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.93.

Cross Country Healthcare Stock Up 0.7%

Shares of Cross Country Healthcare stock traded up $0.09 during midday trading on Friday, hitting $12.76. The company's stock had a trading volume of 222,019 shares, compared to its average volume of 345,178. The stock has a 50-day simple moving average of $13.09 and a 200-day simple moving average of $14.59. The firm has a market capitalization of $418.02 million, a P/E ratio of -49.08, a PEG ratio of 5.53 and a beta of 0.35. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) 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 positive return on equity of 1.72% and a negative net margin of 0.70%. The company had revenue of $274.07 million for the quarter, compared to analyst estimates of $292.67 million.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $25,000. Signaturefd LLC grew its position in shares of Cross Country Healthcare by 139.9% in the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider's stock valued at $29,000 after purchasing 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 first quarter valued at about $59,000. AlphaQuest LLC grew its position in shares of Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock valued at $124,000 after purchasing an additional 6,343 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of Cross Country Healthcare in the second quarter valued at about $166,000. 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.