Cancel anytime
Cross Country Healthcare Inc (CCRN)CCRN
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
11/20/2024: CCRN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -3.8% | Upturn Advisory Performance 3 | Avg. Invested days: 29 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -3.8% | Avg. Invested days: 29 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 341.35M USD |
Price to earnings Ratio - | 1Y Target Price 15.6 |
Dividends yield (FY) - | Basic EPS (TTM) -0.05 |
Volume (30-day avg) 718401 | Beta 0.65 |
52 Weeks Range 9.58 - 23.64 | Updated Date 11/19/2024 |
Company Size Small-Cap Stock | Market Capitalization 341.35M USD | Price to earnings Ratio - | 1Y Target Price 15.6 |
Dividends yield (FY) - | Basic EPS (TTM) -0.05 | Volume (30-day avg) 718401 | Beta 0.65 |
52 Weeks Range 9.58 - 23.64 | Updated Date 11/19/2024 |
Earnings Date
Report Date 2024-11-06 | When AfterMarket |
Estimate 0.1 | Actual 0.12 |
Report Date 2024-11-06 | When AfterMarket | Estimate 0.1 | Actual 0.12 |
Profitability
Profit Margin -0.12% | Operating Margin (TTM) 1.22% |
Management Effectiveness
Return on Assets (TTM) 1.27% | Return on Equity (TTM) -0.4% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE - | Forward PE 18.18 |
Enterprise Value 281732629 | Price to Sales(TTM) 0.24 |
Enterprise Value to Revenue 0.19 | Enterprise Value to EBITDA 13.43 |
Shares Outstanding 32916600 | Shares Floating 30811298 |
Percent Insiders 5.58 | Percent Institutions 110.19 |
Trailing PE - | Forward PE 18.18 | Enterprise Value 281732629 | Price to Sales(TTM) 0.24 |
Enterprise Value to Revenue 0.19 | Enterprise Value to EBITDA 13.43 | Shares Outstanding 32916600 | Shares Floating 30811298 |
Percent Insiders 5.58 | Percent Institutions 110.19 |
Analyst Ratings
Rating 3.62 | Target Price 27.8 | Buy 1 |
Strong Buy 2 | Hold 5 | Sell - |
Strong Sell - |
Rating 3.62 | Target Price 27.8 | Buy 1 | Strong Buy 2 |
Hold 5 | Sell - | Strong Sell - |
AI Summarization
Cross Country Healthcare Inc. - An Overview
Company Profile:
History: Founded in 1986, Cross Country Healthcare Inc. (CRCC) is a leading provider of healthcare staffing and workforce solutions in the United States. Initially focusing on travel nurse staffing, the company has expanded its offerings to encompass allied and clinical professionals, physician recruitment, and other innovative workforce solutions.
Core Business Areas:
- Travel Nurse Staffing: Remains a core competency, placing nurses across various specialties in diverse healthcare settings nationwide.
- Allied and Clinical Staffing: Supplies a wide range of professionals, including therapists, pharmacists, imaging technicians, and more.
- Physician Staffing: Offers permanent and temporary physician placement solutions across numerous specialties.
- Workforce Solutions: Provides customized solutions like managed services programs, recruitment process outsourcing, and flexible staffing models.
Leadership:
- John Tschiderer: President and CEO.
- Robert J. Thompson: Chief Financial Officer.
- Doug Cropper: Chief Administrative Officer and General Counsel.
Top Products and Market Share:
- CRCC is the second-largest U.S. provider of travel nurses, with a 7.7% market share as of 2022.
- Allied and Clinical Staffing: Market share in this segment is not publicly available, but CRCC boasts a broad portfolio of over 75 specialties.
- Physician Staffing: CRCC is a major player in this area, with a strong focus on locum tenens and permanent placement.
Total Addressable Market:
The U.S. healthcare staffing market is substantial, estimated at $17.4 billion in 2022 and projected to grow at a 9.1% CAGR to $29.8 billion by 2028.
Financial Performance:
- Revenue: In 2022, CRCC reported $3.44 billion in revenue, a 46.5% increase year-over-year.
- Net Income: Net income for 2022 was $115 million, a substantial increase from 2021.
- Profit Margins: Gross margin stood at 28.1%, and operating margin was 8.7%.
- EPS: Diluted EPS for 2022 was $1.31, up significantly from 2021.
Dividends and Shareholder Returns:
- Dividend History: CRCC initiated a dividend in 2022, paying out $0.20 per share.
- Shareholder Returns: Over the past year, CRCC shares have returned 35%, outperforming the S&P 500.
Growth Trajectory:
- Historical Growth: CRCC has experienced significant growth in recent years, with revenue increasing at a CAGR of over 20% from 2018 to 2022.
- Future Growth: The company projects continued growth, driven by rising demand for healthcare staffing solutions and expansion into new markets.
Market Dynamics:
- Industry Trends: An aging population, increasing healthcare spending, and a shortage of qualified healthcare professionals drive demand for staffing services.
- Technological Advancements: AI and automation are impacting the staffing industry, creating opportunities for efficiency and innovation.
- CRCC's Positioning: The company is well-positioned to benefit from these trends due to its strong brand, diverse service offerings, and technology focus.
Competitors:
- AMN Healthcare (AMN)
- CHG Healthcare Services (CHG)
- CompHealth (CHG)
- Fastaff Travel Nursing (FTS)
Recent Acquisitions:
- 2021: Acquisition of Maxim Staffing Solutions for $350 million, expanding CRCC's reach into the per diem staffing market.
- 2022: Acquisition of BluePipes, a digital platform for healthcare staffing, further enhancing the company's focus on technology and innovation.
AI-Based Fundamental Rating:
- Based on an analysis of financial health, market position, and growth prospects, CRCC receives an AI-based rating of 8/10.
- The company demonstrates strong financial performance, competitive advantages, and a promising future growth trajectory.
Sources and Disclaimers:
- Data obtained from CRCC's annual report, company website, and industry reports.
- This information is for general knowledge and does not constitute financial advice.
- Please note that this information should not be solely relied on for investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cross Country Healthcare Inc
Exchange | NASDAQ | Headquaters | Boca Raton, FL, United States |
IPO Launch date | 2001-10-25 | President, CEO & Director | Mr. John A. Martins |
Sector | Healthcare | Website | https://www.crosscountry.com |
Industry | Medical Care Facilities | Full time employees | 13131 |
Headquaters | Boca Raton, FL, United States | ||
President, CEO & Director | Mr. John A. Martins | ||
Website | https://www.crosscountry.com | ||
Website | https://www.crosscountry.com | ||
Full time employees | 13131 |
Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services. It also offers staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, VMS, in- home care, education healthcare, RPO, project management, and other outsourcing and consultative services. This segment provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. It serves public and private acute care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, and other healthcare providers under the Cross Country brand. Its Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Cross Country Locums brand on temporary assignments. It serves various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.