Community Health Systems, Inc. (NYSE:CYH) – Jefferies Group cut their Q3 2017 earnings per share estimates for shares of Community Health Systems in a report issued on Thursday. Jefferies Group analyst B. Tanquilut now anticipates that the company will post earnings per share of ($0.28) for the quarter, down from their previous forecast of ($0.22). Jefferies Group has a “Hold” rating and a $7.00 price objective on the stock. Jefferies Group also issued estimates for Community Health Systems’ Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.54) EPS and FY2018 earnings at $0.14 EPS.

Community Health Systems (NYSE:CYH) last posted its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Equities Analysts Lower Earnings Estimates for Community Health Systems, Inc. (NYSE:CYH)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/07/jefferies-group-equities-analysts-lower-earnings-estimates-for-community-health-systems-inc-nysecyh.html.

A number of other analysts have also recently commented on CYH. Vetr cut Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 price target for the company. in a research report on Monday, April 17th. Morgan Stanley initiated coverage on Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 price target for the company. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies restated a “sell” rating and issued a $9.00 price target on shares of Community Health Systems in a research report on Wednesday, July 26th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Community Health Systems currently has a consensus rating of “Hold” and an average target price of $8.34.

Community Health Systems (CYH) opened at 6.52 on Monday. The firm’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. The stock’s market cap is $730.24 million.

Several hedge funds have recently added to or reduced their stakes in CYH. Russell Investments Group Ltd. acquired a new stake in Community Health Systems during the fourth quarter valued at about $606,000. State of Tennessee Treasury Department boosted its stake in Community Health Systems by 138.4% in the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock valued at $1,929,000 after buying an additional 126,208 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock valued at $2,111,000 after buying an additional 162,431 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares in the last quarter. Finally, Airain ltd acquired a new stake in Community Health Systems during the first quarter valued at about $126,000. Hedge funds and other 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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