Community Health Systems, Inc. (NYSE:CYH) – Investment analysts at Leerink Swann lowered their Q3 2017 earnings per share (EPS) estimates for Community Health Systems in a note issued to investors on Thursday. Leerink Swann analyst A. Gupte now expects that the company will post earnings of ($0.11) per share for the quarter, down from their previous estimate of $0.06. Leerink Swann also issued estimates for Community Health Systems’ Q4 2017 earnings at $0.03 EPS, FY2017 earnings at ($0.26) EPS and FY2018 earnings at $0.31 EPS.

Several other equities research analysts also recently commented on the company. BidaskClub downgraded Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $7.00 target price on shares of Community Health Systems in a report on Friday. Deutsche Bank AG lowered their price target on Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Thursday. Piper Jaffray Companies reaffirmed a “sell” rating and set a $6.00 price target on shares of Community Health Systems in a report on Thursday. Finally, Mizuho reaffirmed a “neutral” rating and set a $7.00 price target (down from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.34.

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Shares of Community Health Systems (CYH) opened at 6.52 on Monday. The stock’s market capitalization is $730.24 million. The stock’s 50 day moving average price is $9.08 and its 200 day moving average price is $8.69. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.28.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of CYH. Horrell Capital Management Inc. boosted its stake in Community Health Systems by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $242,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its stake in Community Health Systems by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 22,750 shares of the company’s stock worth $227,000 after buying an additional 250 shares during the period. State of Alaska Department of Revenue boosted its stake in Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares during the period. Louisiana State Employees Retirement System boosted 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 worth $465,000 after buying an additional 300 shares during the period. Finally, World Asset Management Inc boosted its stake in Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after buying an additional 387 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.

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

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