-$0.27 EPS Expected for Community Health Systems, Inc. (CYH) This Quarter

Wall Street brokerages forecast that Community Health Systems, Inc. (NYSE:CYH) will report earnings of ($0.27) per share for the current quarter, Zacks Investment Research reports. 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 posted earnings per share of $0.46 in the same quarter last year, which suggests a negative year-over-year growth rate of 158.7%. The company is expected to report its next quarterly earnings report 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 anticipate that the business will post earnings of ($0.81) per share, with EPS estimates ranging from ($1.67) to $0.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Community Health Systems.

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

A number of research analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Community Health Systems in a research note on Thursday, November 2nd. They set an “underperform” rating and a $3.50 price objective on the stock. UBS reiterated a “neutral” rating and set a $8.00 price objective (down from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. ValuEngine upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group reiterated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research note on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research note on Wednesday, October 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.47.

Community Health Systems (NYSE CYH) traded down $0.15 during midday trading on Tuesday, reaching $4.04. 2,766,766 shares of the company’s stock were exchanged, compared to its average volume of 3,567,320. Community Health Systems has a 12-month low of $3.85 and a 12-month high of $10.51. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 100,164 shares of Community Health Systems stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of $3.96 per share, for a total transaction of $396,649.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. ARP Americas LLC bought a new position in shares of Community Health Systems in the 3rd quarter worth about $121,000. Marshall Wace North America L.P. bought a new position in shares of Community Health Systems in the 2nd quarter worth about $2,628,000. BNP Paribas Arbitrage SA lifted its position in shares of Community Health Systems by 101.9% in the 2nd 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 last quarter. Ameriprise Financial Inc. lifted its position in shares of Community Health Systems by 9.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,703 shares of the company’s stock worth $7,141,000 after buying an additional 60,394 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Community Health Systems in the 2nd quarter valued at about $107,000. 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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