What is William Blair’s Forecast for CCRN FY2024 Earnings?

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities research analysts at William Blair lifted their FY2024 earnings estimates for Cross Country Healthcare in a research note issued on Thursday, November 7th. William Blair analyst T. Romeo now expects that the business services provider will earn $0.54 per share for the year, up from their previous estimate of $0.53. The consensus estimate for Cross Country Healthcare’s current full-year earnings is $0.53 per share. William Blair also issued estimates for Cross Country Healthcare’s FY2025 earnings at $0.50 EPS.

Several other equities analysts also recently issued reports on the stock. Truist Financial reduced their price target on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a report on Monday, October 21st. Benchmark reduced their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Barrington Research dropped their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Cross Country Healthcare Trading Up 2.6 %

Shares of NASDAQ:CCRN opened at $11.03 on Monday. Cross Country Healthcare has a 12-month low of $10.19 and a 12-month high of $23.64. The company has a fifty day simple moving average of $12.86 and a 200 day simple moving average of $14.25. The firm has a market cap of $372.91 million, a PE ratio of -210.60, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Cross Country Healthcare during the 2nd quarter worth approximately $50,000. Gladius Capital Management LP boosted its holdings in Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. US Bancorp DE grew its position in shares of Cross Country Healthcare by 10,909.3% during the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after purchasing an additional 4,691 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cross Country Healthcare by 622.4% during the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock worth $79,000 after purchasing an additional 4,892 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Cross Country Healthcare during the third quarter worth approximately $135,000. Institutional investors and hedge funds 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.