Analysts expect Community Health Systems (NYSE:CYH) to report earnings per share (EPS) of ($0.26) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Community Health Systems’ earnings, with the lowest EPS estimate coming in at ($0.44) and the highest estimate coming in at ($0.14). Community Health Systems posted earnings of $0.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 425%. The company is expected to issue its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Community Health Systems will report full year earnings of ($1.31) per share for the current year, with EPS estimates ranging from ($1.80) to ($0.88). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.57) per share, with EPS estimates ranging from ($1.39) to $0.10. Zacks’ 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 announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.09. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.53 billion. Community Health Systems had a negative net margin of 16.01% and a negative return on equity of 14.18%. The business’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS.
Several research analysts recently commented on CYH shares. ValuEngine raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. downgraded shares of Community Health Systems from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. Goldman Sachs started coverage on shares of Community Health Systems in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $3.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Thursday, January 11th. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.98.
Shares of Community Health Systems (NYSE CYH) traded down $0.20 during midday trading on Wednesday, hitting $4.34. 4,544,628 shares of the company traded hands, compared to its average volume of 3,645,791. The company has a current ratio of 1.73, a quick ratio of 1.54 and a debt-to-equity ratio of -20.06. Community Health Systems has a 12 month low of $3.85 and a 12 month high of $10.51. The stock has a market capitalization of $520.41, a P/E ratio of -0.20 and a beta of 1.52.
In related news, major shareholder Tian Qiao Chen acquired 478,700 shares of Community Health Systems stock in a transaction on Monday, January 8th. The shares were acquired at an average cost of $3.98 per share, with a total value of $1,905,226.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 1,880,320 shares of company stock worth $7,481,839. Insiders own 4.70% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Community Health Systems in the 4th quarter worth about $100,000. FrontFour Capital Group LLC purchased a new stake in shares of Community Health Systems in the 3rd quarter worth about $113,000. Macquarie Group Ltd. purchased a new stake in shares of Community Health Systems in the 3rd quarter worth about $154,000. Acadian Asset Management LLC purchased a new stake in shares of Community Health Systems in the 4th quarter worth about $157,000. Finally, Bank of Montreal Can grew its position in shares of Community Health Systems by 882.1% in the 4th quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock worth $158,000 after buying an additional 33,308 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.
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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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