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Cross Country Healthcare (CCRN)
NASDAQ:CCRN
Holding CCRN?
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CCRN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.87 - $25.76
Previous Close$14.06
Volume581.07K
Average Volume (3M)459.02K
Market Cap
$475.35M
Enterprise Value$410.49M
Total Cash (Recent Filing)$69.60M
Total Debt (Recent Filing)$4.74M
Price to Earnings (P/E)61.1
Beta0.56
Next Earnings
Oct 30, 2024EPS Estimate
$0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.23
Shares Outstanding33,808,610
10 Day Avg. Volume614,241
30 Day Avg. Volume459,017
Standard Deviation0.14
R-Squared0.06
Alpha0.00758
Financial Highlights & Ratios
Price to Book (P/B)1.12
Price to Sales (P/S)0.31
Price to Cash Flow (P/CF)1.50
P/FCF Ratio1.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.26
Enterprise Value/Gross Profit0.91
Enterprise Value/Ebitda10.18
Forecast
1Y Price Target
$18.33Price Target Upside33.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Cross Country Healthcare News
PremiumCompany Announcements
Cross Country Healthcare Issues Non-Binding Press Release
PremiumCompany Announcements
Cross Country Healthcare Issues Crucial Stakeholder Update
PremiumCompany Announcements
Cross Country Healthcare Announces Key Investor Update
PremiumCompany Announcements
Cross Country Healthcare Approves New Incentive Plan
PremiumCompany Announcements
Cross Country Healthcare Issues Informative Press StatementBulls Say, Bears Say
Bulls Say
Growth In Travel StaffingCross Country is nearing an inflection point at which its travel clinicians on assignment will begin growing again sequentially.
Revenue PerformanceQ2/24 revenue of $339.8 million exceeded the estimate of $335.0 million and the consensus of $334.8 million.
Technology Platform TransitionNearly all of CCRN's MSP clients have now transitioned off of third-party VMS platforms onto Intellify.
Bears Say
Financial PerformanceRevenue declined -37% YOY against a still difficult year-ago comparison as demand and bill rates in the company’s largest business, nurse and allied travel staffing, continue to normalize following the pandemic.
GuidanceCCRN expects 3Q revenue and adjusted EBITDA below consensus.
Market ConditionsEfforts by healthcare providers to reduce contingent labor usage in recent quarters has created more competition among staffing companies for fewer assignments, which has pressured bill-pay spreads and gross margin.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
CCRN FAQ
What was Cross Country Healthcare’s price range in the past 12 months?
Cross Country Healthcare lowest stock price was $12.87 and its highest was $25.76 in the past 12 months.
What is Cross Country Healthcare’s market cap?
Currently, no data Available
When is Cross Country Healthcare’s upcoming earnings report date?
Cross Country Healthcare’s upcoming earnings report date is Oct 30, 2024 which is in 36 days.
How were Cross Country Healthcare’s earnings last quarter?
Cross Country Healthcare released its earnings results on Jul 31, 2024. The company reported $0.1 earnings per share for the quarter, missing the consensus estimate of $0.133 by -$0.033.
Is Cross Country Healthcare overvalued?
According to Wall Street analysts Cross Country Healthcare’s price is currently Undervalued.
Does Cross Country Healthcare pay dividends?
Cross Country Healthcare does not currently pay dividends.
What is Cross Country Healthcare’s EPS estimate?
Cross Country Healthcare’s EPS estimate is $0.1.
How many shares outstanding does Cross Country Healthcare have?
Cross Country Healthcare has 33,808,610 shares outstanding.
What happened to Cross Country Healthcare’s price movement after its last earnings report?
Cross Country Healthcare reported an EPS of $0.1 in its last earnings report, missing expectations of $0.133. Following the earnings report the stock price went down -3.783%.
Which hedge fund is a major shareholder of Cross Country Healthcare?
Among the largest hedge funds holding Cross Country Healthcare’s share is Royce & Associates LLC. It holds Cross Country Healthcare’s shares valued at 10M.
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Cross Country Healthcare Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.33 (33.80% Upside)
$18.33 (33.80% Upside)
Blogger Sentiment
Bullish
CCRN Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 137.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $269.7K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.23%
12-Months-Change
Fundamentals
Return on Equity
1.87%
Trailing 12-Months
Asset Growth
-21.82%
Trailing 12-Months
Company Description
Cross Country Healthcare
Cross Country Healthcare, Inc. engages in the provision of healthcare staffing and workforce management solutions. It operates through the following segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing. The Physician Staffing segment consists of certified registered nurse anesthetists, nurse practitioners, and physician assistants. The Other Human Capital Management Services segment includes retained and contingent search services for physicians, healthcare executives, and other healthcare professionals. The company was founded in 1975 and is headquartered in Boca Raton, FL.
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CCRN Earnings Call
Q2 2024
0:00 / 0:00
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CCRN Stock 12 Month Forecast
Average Price Target
$18.33
▲(33.80% Upside)
Technical Analysis
Best Analysts Covering CCRN
1 Year
1 Year Success Rate
18/35 ratings generated profit
1 Year Average Return
+17.52%
reiterated a buy rating 5 days ago
Copying Kevin Steinke's trades and holding each position for 1 Year would result in 51.43% of your transactions generating a profit, with an average return of +17.52% per trade.
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