Community Health Systems, Inc. (CYH) Scheduled to Post Quarterly Earnings on Monday
Community Health Systems, Inc. (NYSE:CYH) is set to announce its earnings results after the market closes on Monday, October 30th. Community Health Systems has set its FY17 guidance at ($0.30)-$0.40 EPS.
Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.31). Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business posted $0.09 EPS. Community Health Systems’s revenue was down 9.7% compared to the same quarter last year. On average, analysts expect Community Health Systems to post $-0.37 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
Shares of Community Health Systems, Inc. (NYSE CYH) opened at 6.44 on Monday. Community Health Systems, Inc. has a 12 month low of $4.15 and a 12 month high of $10.60. The company’s market cap is $720.86 million. The firm has a 50 day moving average price of $7.07 and a 200-day moving average price of $8.27.
In other Community Health Systems news, major shareholder Tian Qiao Chen bought 9,766,897 shares of the business’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on CYH. Piper Jaffray Companies restated a “sell” rating and set a $9.00 price objective on shares of Community Health Systems in a report on Wednesday, July 26th. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG cut their price target on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. UBS AG reiterated a “neutral” rating and issued a $8.00 price target (down from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $7.00 price target on shares of Community Health Systems in a research note on Tuesday, September 5th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.52.
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About Community Health Systems
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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