Zacks: Brokerages Anticipate Community Health Systems, Inc. (CYH) to Announce -$0.27 EPS

Equities analysts expect Community Health Systems, Inc. (NYSE:CYH) to report earnings of ($0.27) per share for the current quarter, according to Zacks. Nine analysts have made estimates for Community Health Systems’ earnings. The lowest EPS estimate is ($0.63) and the highest is $0.28. Community Health Systems reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 158.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 19th.

On average, analysts expect that Community Health Systems will report full year earnings of ($1.25) per share for the current year, with EPS estimates ranging from ($1.39) to ($1.11). For the next year, analysts expect that the business will post earnings of ($0.77) per share, with EPS estimates ranging from ($1.67) to $0.33. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Community Health Systems.

Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.35) EPS.

A number of brokerages recently issued reports on CYH. Credit Suisse Group began coverage on shares of Community Health Systems in a research report on Thursday, November 2nd. They set an “underperform” rating and a $3.50 target price for the company. UBS reiterated a “neutral” rating and set a $8.00 target price (down previously from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Group reiterated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. Community Health Systems has a consensus rating of “Hold” and an average target price of $6.47.

Shares of Community Health Systems (CYH) opened at $4.35 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. Community Health Systems has a 1 year low of $3.85 and a 1 year high of $10.51.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. acquired a new stake in Community Health Systems in the 2nd quarter valued at about $107,000. Shelton Capital Management acquired a new stake in Community Health Systems in the 2nd quarter valued at about $110,000. FrontFour Capital Group LLC acquired a new stake in Community Health Systems in the 3rd quarter valued at about $113,000. Group One Trading L.P. increased its position in Community Health Systems by 27.5% in the 2nd quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after acquiring an additional 3,189 shares in the last quarter. Finally, ARP Americas LLC bought a new position in shares of Community Health Systems in the 3rd quarter valued at about $121,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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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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