Brokerages predict that Community Health Systems, Inc. (NYSE:CYH) will report $0.06 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Community Health Systems’ earnings. The highest EPS estimate is $0.19 and the lowest is ($0.06). Community Health Systems reported earnings per share of $0.09 during the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 1st.

On average, analysts expect that Community Health Systems will report full year earnings of $0.33 per share for the current year, with EPS estimates ranging from ($0.21) to $0.55. For the next fiscal year, analysts anticipate that the company will post earnings of $0.80 per share, with EPS estimates ranging from $0.40 to $1.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Community Health Systems.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Monday, May 1st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the business earned $0.27 earnings per share. Community Health Systems’s quarterly revenue was down 10.3% compared to the same quarter last year.

CYH has been the topic of several recent research reports. Vetr raised shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $8.62 price target on the stock in a research report on Monday, April 24th. Zacks Investment Research raised shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Deutsche Bank AG assumed coverage on shares of Community Health Systems in a research report on Wednesday, April 5th. They issued a “hold” rating and a $11.00 target price on the stock. Finally, Mizuho decreased their target price on shares of Community Health Systems from $10.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.62.

Several large investors have recently bought and sold shares of CYH. Louisiana State Employees Retirement System increased its stake in Community Health Systems by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 46,700 shares of the company’s stock valued at $465,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Community Health Systems by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock valued at $227,000 after buying an additional 250 shares in the last quarter. Horrell Capital Management Inc. increased its stake in shares of Community Health Systems by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock valued at $278,000 after buying an additional 681 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Community Health Systems by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 22,644 shares of the company’s stock valued at $225,000 after buying an additional 10,074 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Community Health Systems by 158.7% in the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock valued at $156,000 after buying an additional 9,632 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Shares of Community Health Systems (NYSE CYH) traded up 0.86% during midday trading on Friday, hitting $9.34. 619,322 shares of the stock traded hands. Community Health Systems has a 12-month low of $4.15 and a 12-month high of $13.46. The company’s 50 day moving average price is $9.20 and its 200-day moving average price is $8.57. The stock’s market cap is $1.05 billion.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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