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Cross Country Healthcare Inc  (NASDAQ: CCRN)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $18.1800 $0.06 0.331%
Day's High: $18.19 Week Perf: -0.05 %
Day's Low: $ 18.11 30 Day Perf: 1.39 %
Volume (M): 654 52 Wk High: $ 23.15
Volume (M$): $ 11,893 52 Wk Avg: $15.80
Open: $18.16 52 Wk Low: $9.58



 Market Capitalization (Millions $) 601
 Shares Outstanding (Millions) 33
 Employees 7,000
 Revenues (TTM) (Millions $) 1,448
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 50
 Capital Exp. (TTM) (Millions $) 9

Cross Country Healthcare Inc
Cross Country Healthcare Inc. is a leading provider of healthcare staffing services in the United States. The company operates through two main business segments: Nurse and Allied Staffing, and Physician Staffing. They provide staffing services to a variety of healthcare facilities such as hospitals, nursing homes, clinics and medical centers.

The Nurse and Allied Staffing segment provides temporary and permanent placements of travel nurses, registered nurses, certified nurse assistants, and allied health professionals. This segment reported revenue of $480.1 million in 2019, which was a3% increase compared to 2018.

The Physician Staffing segment provides temporary and permanent placements of physicians, nurse practitioners, and physician assistants for healthcare facilities. This segment reported revenue of $99.4 million in 2019, which was a5% increase compared to 2018.

Cross Country Healthcare operates in all 50 US states, as well as Puerto Rico, and the Virgin Islands. They have an extensive network of clients, including some of the largest and most prestigious healthcare institutions in the country.

Aside from staffing services, Cross Country Healthcare also offer workforce solutions, education, and consulting services. Their education services include online courses for healthcare professionals, while their consulting services identify process improvements and cost savings opportunities for healthcare facilities.

The company was founded in 1996 and is headquartered in Boca Raton, Florida. It has more than 5,000 employees across its various business units. Cross Country Healthcare has a market capitalization of about $200 million and is publicly traded on the NASDAQ exchange under the ticker symbol CCRN.


   Company Address: 6551 Park of Commerce Boulevard, N.W. Boca Raton 33487 FL
   Company Phone Number: 998-2232   Stock Exchange / Ticker: NASDAQ CCRN


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AMN   -6.23%    
HCA        0.74% 
MHH        1.21% 
• View Complete Report
   



Business Update

Empowering Excellence Celebrating Susan E. Balls Leadership in Global Staffing,

Published Wed, Nov 13 2024 4:36 PM UTC

Breaking Barriers: Susan E. Ball Honored Among SIA s Global Power 150 Women in Staffing In an inspiring celebration of leadership and innovation within the staffing industry, Susan E. Ball, Executive Vice President, Chief Administrative Officer, and General Counsel of Cross Country Healthcare (NASDAQ: CCRN), has been inducted into the 2024 Global Power 150 Women in Staffing ...

Cross Country Healthcare Inc

Cross Country Healthcare Inc Stays Resilient Amid Challenging First Quarter Results

Despite a challenging first quarter for many companies in the Professional Services sector, Cross Country Healthcare Inc is not letting these results deter its forward-looking mindset. While the numbers may seem daunting at first glance, there are still positive takeaways to be found.
One of the most notable aspects of Cross Country Healthcare Inc's performance in the first quarter of 2024 earnings season is its ability to adapt in the face of adversity. Despite a sharp decline in revenue and net earnings, the company remains resilient and committed to finding ways to improve its bottom line.

Cross Country Healthcare Inc

Stocks Plummet and Financials Tumble as Cross Country Healthcare Inc Faces Steep Decline in Revenue

Cross Country Healthcare Inc has experienced a significant decrease in share value, with shares falling by -35.8% from a year ago. This decline has resulted in the company's shares trading only 8.8% above their 52-week low. The fourth quarter of 2023 earnings season saw a substantial decrease in income per share, dropping by -75.1% to $0.26 per share compared to $1.05 per share in the previous year's fourth quarter. Similarly, net income for the period fell by -76.7% to $9.038 million from $38.791 million in the same quarter a year prior.
The revenue for the fourth quarter of 2023 also decreased significantly, declining by -34.094% to $414.04 million from $628.22 million in the corresponding period a year earlier. Sequentially, revenue decreased by -6.389% from $442.29 million. Operating margin for the quarter mitigated to 3.24%, and net margin shrank to 2.18%. Operating earnings fell by -73.92% to $13.424 million, squeezing the operating margin from 8.19% in the fourth quarter of 2022.

Cross Country Healthcare Inc

Cross Country Healthcare Inc Faces Perilous Journey: Struggles Mount as Revenue and Profitability Plunge



Cross Country Healthcare Inc, a prominent player in the Professional Services industry, has encountered several challenges in recent months, as evidenced by a decline in share prices and financial results. With a significant reduction in revenue and a steep drop in profitability, the company must carefully navigate its path forward.
1. Decreased Revenue and Profitability:
Cross Country Healthcare Inc experienced a substantial decline in revenue, with a reduction of -30.468% for the fiscal three months closing on September 30, 2023. Comparatively, the company recorded $442.29 million in revenue during this period, a notable decrease from $636.10 million the previous year. Such a decline in revenue can be attributed to various factors affecting the market and the company's operations.

Cross Country Healthcare Inc

Cross Country Healthcare Inc Reports Significant Drop in Earnings per Share for Q2 2023



Cross Country Healthcare Inc, a renowned leader in the healthcare staffing industry, reported a significant decline in earnings and revenue for the April to June 30, 2023 period. However, despite these challenges, the company's shares have recorded gains in the past 5 trading days and over the past 12 months, indicating the potential for a recovery down the line.
During the second quarter of 2023, the company's earnings per share experienced a sharp decline of -57.14% to $0.60 per share, compared to $1.40 per share in the same period the previous year. Similarly, the company's income faded by -25.93% from $0.81 per share in the preceding reporting season. This downward trend is worrisome for investors, as it may raise concerns about the company's overall financial health.







Cross Country Healthcare Inc's Segments
Temporary Staffing Services    96.75 % of total Revenue
Other Services    3.25 % of total Revenue
Nurse And Allied Staffing    84.05 % of total Revenue
Nurse And Allied Staffing Temporary Staffing Services    81.57 % of total Revenue
Nurse And Allied Staffing Other Services    2.48 % of total Revenue
Physician Staffing    15.95 % of total Revenue
Physician Staffing Temporary Staffing Services    15.18 % of total Revenue
Physician Staffing Other Services    0.77 % of total Revenue





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