Community Health Systems, Inc. (NYSE:CYH) – Stock analysts at SunTrust Banks decreased their Q3 2017 earnings estimates for shares of Community Health Systems in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst D. Macdonald now anticipates that the company will earn ($0.33) per share for the quarter, down from their previous estimate of ($0.02). SunTrust Banks also issued estimates for Community Health Systems’ Q4 2017 earnings at $0.43 EPS, FY2017 earnings at ($0.06) EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.79 EPS and FY2018 earnings at $1.14 EPS.

A number of other analysts have also recently commented on the company. BidaskClub cut Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research report on Friday. Deutsche Bank AG reduced their price objective on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday. Piper Jaffray Companies reiterated a “sell” rating and set a $6.00 price objective on shares of Community Health Systems in a research report on Thursday. Finally, Mizuho reiterated a “neutral” rating and set a $7.00 price objective (down previously from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.34.

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Community Health Systems (CYH) opened at 6.52 on Monday. The stock’s 50 day moving average price is $9.08 and its 200 day moving average price is $8.69. The company’s market cap is $730.24 million. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.28.

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

Large investors have recently modified their holdings of the stock. Federated Investors Inc. PA increased its stake in shares of Community Health Systems by 7.7% in the second quarter. Federated Investors Inc. PA now owns 709,374 shares of the company’s stock worth $7,065,000 after buying an additional 50,556 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Community Health Systems during the second quarter worth about $2,628,000. Chartwell Investment Partners LLC bought a new stake in shares of Community Health Systems during the second quarter worth about $3,844,000. BNP Paribas Arbitrage SA increased its stake in shares of Community Health Systems by 101.9% in the second quarter. BNP Paribas Arbitrage SA now owns 59,039 shares of the company’s stock worth $588,000 after buying an additional 29,794 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Community Health Systems during the second quarter worth about $107,000. Institutional investors and hedge funds 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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