Cross Country Healthcare (CCRN) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.07. The company posted revenue of $196.58 million in the period, compared to analysts expectations of $196.95 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Cross Country Healthcare opened for trading at $12.52 and hit $12.53 on the upside on Monday, eventually ending the session at $12.46, with a gain of 0.24% or 0.03 points. The heightened volatility saw the trading volume jump to 3,68,352 shares. Company has a market cap of $406 M.
In a different news, on Mar 14, 2016, Thomas C Dircks (director) purchased 12,000 shares at $11.05 per share price. According to the SEC, on Mar 14, 2016, William J Grubbs (CEO) purchased 10,000 shares at $11.46 per share price. On Mar 14, 2016, William J. Burns (CFO) purchased 2,600 shares at $11.05 per share price, according to the Form-4 filing with the securities and exchange commission.
Cross Country Healthcare Inc. (CCRN) is engaged in providing healthcare recruiting staffing and workforce solutions. The Company operates in three segments: nurse and allied staffing physician staffing and other human capital management services. The Nurse and Allied Staffing segment provides traditional staffing including temporary and permanent placement of travel nurses and allied professionals and branch-based local nurses and allied staffing. The Physician Staffing segment provides physicians certified registered nurse anesthetists (CRNAs) nurse practitioners (NPs) and physician assistants (PAs) under the Company’s Medical Doctor Associates. The Other Human Capital Management Services segment provides education and training programs to the healthcare industry and retained search services for physicians and healthcare executives in the United States.