Community Health Systems (NYSE:CYH) – Stock analysts at Oppenheimer issued their Q2 2019 EPS estimates for Community Health Systems in a report released on Tuesday. Oppenheimer analyst M. Wiederhorn expects that the company will post earnings per share of ($0.15) for the quarter. Oppenheimer also issued estimates for Community Health Systems’ Q3 2019 earnings at ($0.16) EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at ($0.22) EPS.

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

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Community Health Systems from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks set a $7.00 target price on Community Health Systems and gave the company a “hold” rating in a report on Sunday, October 15th. Royal Bank of Canada restated a “hold” rating and issued a $5.00 target price on shares of Community Health Systems in a report on Tuesday, November 7th. Credit Suisse Group assumed coverage on Community Health Systems in a report on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 target price for the company. Finally, JPMorgan Chase & Co. cut Community Health Systems from a “neutral” rating to an “underweight” rating in a report on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.21.

Shares of Community Health Systems (CYH) traded up $0.09 during trading hours on Wednesday, reaching $5.09. The company’s stock had a trading volume of 5,428,498 shares, compared to its average volume of 4,519,609. The company has a current ratio of 2.05, a quick ratio of 1.86 and a debt-to-equity ratio of 10.62. The stock has a market cap of $583.96, a PE ratio of -0.87 and a beta of 1.42. Community Health Systems has a 12 month low of $3.85 and a 12 month high of $10.51.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Community Health Systems by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock valued at $103,361,000 after purchasing an additional 424,006 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Community Health Systems by 31.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock worth $49,986,000 after acquiring an additional 1,551,499 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Community Health Systems by 226.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,228,000 shares of the company’s stock worth $31,880,000 after acquiring an additional 2,932,700 shares in the last quarter. Royce & Associates LP lifted its stake in Community Health Systems by 10.0% during the 3rd quarter. Royce & Associates LP now owns 2,482,295 shares of the company’s stock worth $19,064,000 after acquiring an additional 226,500 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Community Health Systems by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,645,329 shares of the company’s stock worth $12,636,000 after acquiring an additional 167,633 shares in the last quarter.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 100,164 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $3.96 per share, with a total value of $396,649.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 1,980,484 shares of company stock worth $7,878,489. Corporate insiders own 4.70% 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.

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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