NASDAQ:CCRN - Cross Country Healthcare Stock Price, News, & Analysis

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$8.54 +0.23 (+2.77 %)
(As of 10/23/2018 06:00 AM ET)
Previous Close$8.31
Today's Range$8.26 - $8.61
52-Week Range$7.41 - $14.49
Volume154,764 shs
Average Volume248,415 shs
Market Capitalization$301.61 million
P/E Ratio16.29
Dividend YieldN/A
Beta0.8
Cross Country Healthcare, Inc. provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments. It serves public and private acute care hospitals, government-owned facilities, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, retailers, and other healthcare providers under the Cross Country Staffing, Mediscan, and DirectEd brands. The Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Medical Doctor Associates brand as independent contractors on temporary assignments at various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The Other Human Capital Management Services segment offers retained and contingent search services for physicians, healthcare executives, nurses, advanced practice, and allied health professionals. Cross Country Healthcare, Inc. was founded in 1996 and is headquartered in Boca Raton, Florida.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Help supply services
Sub-IndustryHealth Care Services
SectorBusiness Services
SymbolNASDAQ:CCRN
CUSIP22748310
Phone561-998-2232

Debt

Debt-to-Equity Ratio0.38
Current Ratio2.33
Quick Ratio2.33

Price-To-Earnings

Trailing P/E Ratio16.29
Forward P/E Ratio35.58
P/E Growth2.82

Sales & Book Value

Annual Sales$865.05 million
Price / Sales0.36
Cash Flow$0.9134 per share
Price / Cash9.35
Book Value$6.52 per share
Price / Book1.31

Profitability

EPS (Most Recent Fiscal Year)$0.61
Net Income$37.51 million
Net Margins4.39%
Return on Equity7.90%
Return on Assets3.94%

Miscellaneous

Employees1,800
Outstanding Shares36,290,000
Market Cap$301.61 million

Cross Country Healthcare (NASDAQ:CCRN) Frequently Asked Questions

What is Cross Country Healthcare's stock symbol?

Cross Country Healthcare trades on the NASDAQ under the ticker symbol "CCRN."

How were Cross Country Healthcare's earnings last quarter?

Cross Country Healthcare, Inc. (NASDAQ:CCRN) released its earnings results on Wednesday, August, 1st. The business services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.01. The business services provider earned $204.57 million during the quarter, compared to analyst estimates of $209.29 million. Cross Country Healthcare had a net margin of 4.39% and a return on equity of 7.90%. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. View Cross Country Healthcare's Earnings History.

When is Cross Country Healthcare's next earnings date?

Cross Country Healthcare is scheduled to release their next quarterly earnings announcement on Thursday, November 1st 2018. View Earnings Estimates for Cross Country Healthcare.

How can I listen to Cross Country Healthcare's earnings call?

Cross Country Healthcare will be holding an earnings conference call on Thursday, November 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8008576331.

What guidance has Cross Country Healthcare issued on next quarter's earnings?

Cross Country Healthcare updated its third quarter earnings guidance on Monday, September, 10th. The company provided earnings per share (EPS) guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $195-205 million, compared to the consensus revenue estimate of $203.48 million.

What price target have analysts set for CCRN?

9 Wall Street analysts have issued 12 month price targets for Cross Country Healthcare's shares. Their predictions range from $9.00 to $19.00. On average, they anticipate Cross Country Healthcare's stock price to reach $12.8571 in the next year. This suggests a possible upside of 50.6% from the stock's current price. View Analyst Price Targets for Cross Country Healthcare.

What is the consensus analysts' recommendation for Cross Country Healthcare?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cross Country Healthcare in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cross Country Healthcare.

What are Wall Street analysts saying about Cross Country Healthcare stock?

Here are some recent quotes from research analysts about Cross Country Healthcare stock:
  • 1. According to Zacks Investment Research, "Cross Country Healthcare, Inc. is a national leader in providing innovative healthcare workforce solutions and staffing services. Their diverse client base includes both clinical and nonclinical settings, servicing acute care hospitals, physician practice groups, outpatient and ambulatory-care centers, nursing facilities, both public schools and charter schools, rehabilitation and sports medicine clinics, government facilities, and homecare. They are able to place clinicians on travel and per diem assignments, local short-term contracts and permanent positions. They are a market leader in providing flexible workforce management solutions, which include managed services programs (MSP), internal resource pool consulting and development, electronic medical record (EMR) transition staffing, recruitment process outsourcing, predictive modeling and other outsourcing and consultative services. " (10/9/2018)
  • 2. Cantor Fitzgerald analysts commented, ". We are maintaining our Neutral rating, but cutting our 2018-19 estimates and lowering our price target to $10 from $11 in light of CCRN’s 2Q18 shortfall and a lower 2018 outlook. Difficulty converting backlog into revenue appears less of a problem in 2Q18, but several of the company’s larger accounts retrenched in the latest period, and revenue and earnings fell short of our expectations. Although CCRN did not formally cut its guidance for the full year, it issued 3Q17 guidance that was sharply lower than our estimates and FactSet consensus, and acknowledged that it will be unable to recoup the first-half shortfall in the next half." (8/1/2018)

Who are some of Cross Country Healthcare's key competitors?

Who are Cross Country Healthcare's key executives?

Cross Country Healthcare's management team includes the folowing people:
  • Mr. William J. Grubbs, CEO, Pres & Director (Age 60)
  • Mr. William J. Burns, Exec. VP & COO (Age 48)
  • Ms. Susan E. Ball, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Mr. Robert Murphy, Pres of Cross Country Healthcare Workforce Solutions (Age 59)
  • Mr. Christopher R. Pizzi, Sr. VP, CFO & Principal Accounting Officer (Age 47)

Who are Cross Country Healthcare's major shareholders?

Cross Country Healthcare's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (1.05%) and Strs Ohio (0.22%). Company insiders that own Cross Country Healthcare stock include Buffy S White, Joseph Trunfio, Susan E Ball, Thomas C Dircks, Vickie Anenberg, W Larry Cash, William J Burns and William J Grubbs. View Institutional Ownership Trends for Cross Country Healthcare.

Which major investors are selling Cross Country Healthcare stock?

CCRN stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC. View Insider Buying and Selling for Cross Country Healthcare.

Which major investors are buying Cross Country Healthcare stock?

CCRN stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio. Company insiders that have bought Cross Country Healthcare stock in the last two years include Buffy S White, Joseph Trunfio, Susan E Ball, Thomas C Dircks, W Larry Cash, William J Burns and William J Grubbs. View Insider Buying and Selling for Cross Country Healthcare.

How do I buy shares of Cross Country Healthcare?

Shares of CCRN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cross Country Healthcare's stock price today?

One share of CCRN stock can currently be purchased for approximately $8.54.

How big of a company is Cross Country Healthcare?

Cross Country Healthcare has a market capitalization of $301.61 million and generates $865.05 million in revenue each year. The business services provider earns $37.51 million in net income (profit) each year or $0.61 on an earnings per share basis. Cross Country Healthcare employs 1,800 workers across the globe.

What is Cross Country Healthcare's official website?

The official website for Cross Country Healthcare is http://www.crosscountryhealthcare.com.

How can I contact Cross Country Healthcare?

Cross Country Healthcare's mailing address is 5201 CONGRESS AVENUE SUITE 100B, BOCA RATON FL, 33487. The business services provider can be reached via phone at 561-998-2232 or via email at [email protected]


MarketBeat Community Rating for Cross Country Healthcare (NASDAQ CCRN)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  345 (Vote Outperform)
Underperform Votes:  262 (Vote Underperform)
Total Votes:  607
MarketBeat's community ratings are surveys of what our community members think about Cross Country Healthcare and other stocks. Vote "Outperform" if you believe CCRN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CCRN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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