Revenue Update on Cross Country Healthcare(NASDAQ:CCRN)

Cross Country Healthcare(NASDAQ:CCRN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $199.44M. Analysts estimated a revenue of $203.56M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.13.

Cross Country Healthcare (CCRN) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -1.65% at a volume of 2,46,597. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.38. The peak price level was also seen at $12.38 while the days lowest was $11.94. Finally the shares closed at $11.95. The 52-week high of the shares is $18.76 while the 52-week low is $9.72. According to the latest information available, the market cap of the company is $394 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Deborah A. Dean (SVP of Sales and Marketing) sold 6,868 shares at $14.34 per share price.Also, On Mar 14, 2016, Thomas C Dircks (director) purchased 12,000 shares at $11.05 per share price.On Mar 14, 2016, William J Grubbs (CEO) purchased 10,000 shares at $11.46 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.

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