Wall Street brokerages expect that Community Health Systems (NYSE:CYH) will announce ($0.30) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Community Health Systems’ earnings. The highest EPS estimate is $0.28 and the lowest is ($0.63). Community Health Systems posted earnings per share of $0.46 during the same quarter last year, which would suggest a negative year over year growth rate of 165.2%. The company is expected 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 financial year, analysts anticipate that the company will report earnings of ($0.85) per share, with EPS estimates ranging from ($1.67) to $0.33. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow 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 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 firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the business posted ($0.35) EPS. The firm’s quarterly revenue was down 16.3% compared to the same quarter last year.
In related news, major shareholder Tian Qiao Chen purchased 995,551 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was purchased at an average cost of $3.97 per share, for a total transaction of $3,952,337.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 1,980,484 shares of company stock valued at $7,878,489. Corporate insiders own 4.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CYH. Schroder Investment Management Group bought a new position in shares of Community Health Systems during the 2nd quarter worth approximately $564,000. Ameriprise Financial Inc. boosted its stake in shares of Community Health Systems by 9.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 716,703 shares of the company’s stock worth $7,141,000 after acquiring an additional 60,394 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Community Health Systems by 35.4% during the 2nd quarter. Nationwide Fund Advisors now owns 322,277 shares of the company’s stock worth $3,210,000 after acquiring an additional 84,276 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of Community Health Systems by 16.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 172,878 shares of the company’s stock worth $1,722,000 after acquiring an additional 24,070 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Community Health Systems by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,377,548 shares of the company’s stock worth $103,361,000 after acquiring an additional 424,006 shares during the period. Institutional investors own 94.72% of the company’s stock.
Shares of Community Health Systems (NYSE CYH) traded up $0.06 during trading on Monday, reaching $5.21. The company had a trading volume of 3,157,100 shares, compared to its average volume of 4,377,546. Community Health Systems has a 1-year low of $3.85 and a 1-year high of $10.51. The firm has a market cap of $651.65, a price-to-earnings ratio of -0.90 and a beta of 1.42. The company has a debt-to-equity ratio of 10.62, a quick ratio of 1.86 and a current ratio of 2.05.
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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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