Analysis Analysts Set Expectations for Cross Nation Healthcare, Inc.’s FY2023 Earnings (NASDAQ:CCRN)

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Cross Nation Healthcare, Inc. (NASDAQ:CCRN – Get Ranking) – Funding analysts at Jefferies Monetary Group dropped their FY2023 earnings per share (EPS) estimates for shares of Cross Nation Healthcare in a analysis observe issued to traders on Thursday, February twenty third. Jefferies Monetary Group analyst B. Tanquilut now expects that the enterprise companies supplier will publish earnings per share of $3.23 for the 12 months, down from their prior estimate of $3.32. The consensus estimate for Cross Nation Healthcare’s present full-year earnings is $3.21 per share.

CCRN has been the topic of a variety of different reviews. Benchmark lowered their goal value on Cross Nation Healthcare from $45.00 to $40.00 and set a “purchase” ranking for the corporate in a report on Thursday. Barrington Analysis lifted their value goal on Cross Nation Healthcare from $41.00 to $45.00 and gave the corporate an “outperform” ranking in a analysis observe on Monday, November seventh. Lastly, Credit score Suisse Group lifted their value goal on Cross Nation Healthcare from $31.00 to $32.00 and gave the corporate a “impartial” ranking in a analysis observe on Thursday. Three analysts have rated the inventory with a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, Cross Nation Healthcare has a consensus ranking of “Maintain” and a consensus value goal of $38.25.

Cross Nation Healthcare Inventory Efficiency

Shares of Cross Nation Healthcare inventory opened at $26.03 on Monday. The enterprise has a 50-day transferring common of $27.48 and a 200 day transferring common of $29.44. Cross Nation Healthcare has a 12 month low of $15.26 and a 12 month excessive of $40.12. The inventory has a market capitalization of $970.66 million, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The corporate has a debt-to-equity ratio of 0.33, a present ratio of two.49 and a fast ratio of two.38.

Cross Nation Healthcare (NASDAQ:CCRN – Get Ranking) final introduced its earnings outcomes on Wednesday, February twenty second. The enterprise companies supplier reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.19. Cross Nation Healthcare had a return on fairness of 48.00% and a internet margin of 6.71%. The corporate had income of $628.22 million through the quarter, in comparison with analysts’ expectations of $594.57 million. Throughout the identical interval final 12 months, the enterprise posted $1.40 EPS. Cross Nation Healthcare’s income for the quarter was down 1.9% on a year-over-year foundation.

Institutional Buying and selling of Cross Nation Healthcare

Institutional traders and hedge funds have just lately made modifications to their positions within the inventory. B. Riley Wealth Advisors Inc. acquired a brand new place in Cross Nation Healthcare within the fourth quarter valued at $214,000. Truist Monetary Corp acquired a brand new stake in Cross Nation Healthcare through the fourth quarter value about $504,000. Coppell Advisory Options Corp. acquired a brand new stake in Cross Nation Healthcare through the fourth quarter value about $39,000. DZ BANK AG Deutsche Zentral Genossenschafts Financial institution Frankfurt am Most important acquired a brand new stake in Cross Nation Healthcare through the fourth quarter value about $1,602,000. Lastly, Point72 Center East FZE acquired a brand new stake in Cross Nation Healthcare through the fourth quarter value about $339,000. 95.99% of the inventory is at present owned by hedge funds and different institutional traders.

Cross Nation Healthcare Firm Profile

(Get Ranking)

Cross Nation Healthcare, Inc engages within the provision of healthcare staffing and workforce administration options. It operates by means of the next segments: Nurse and Allied Staffing, Doctor Staffing, and Search. The Nurse and Allied Staffing section supplies workforce options and conventional staffing, together with short-term and everlasting placement of journey nurses and allied professionals, branch-based native nurses, and allied staffing.

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