Community Health Systems (NYSE:CYH) – Research analysts at Piper Jaffray issued their Q2 2018 earnings estimates for shares of Community Health Systems in a research note issued to investors on Monday, May 7th. Piper Jaffray analyst S. James expects that the company will post earnings per share of ($0.46) for the quarter. Piper Jaffray also issued estimates for Community Health Systems’ Q3 2018 earnings at ($0.42) EPS, Q4 2018 earnings at ($0.51) EPS, FY2018 earnings at ($1.24) EPS, Q1 2019 earnings at ($0.65) EPS, Q2 2019 earnings at ($0.10) EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.00 EPS and FY2019 earnings at ($0.75) EPS.
Several other brokerages also recently commented on CYH. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Cantor Fitzgerald restated a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Thursday, February 1st. Wells Fargo assumed coverage on Community Health Systems in a research note on Tuesday, January 30th. They issued an “underperform” rating and a $4.50 target price for the company. ValuEngine downgraded Community Health Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Finally, Jefferies Group set a $5.00 target price on Community Health Systems and gave the company a “hold” rating in a research note on Tuesday, March 6th. Eight analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Community Health Systems has a consensus rating of “Hold” and a consensus target price of $5.87.
Shares of CYH opened at $4.38 on Thursday. The company has a debt-to-equity ratio of -19.76, a current ratio of 1.76 and a quick ratio of 1.57. The stock has a market capitalization of $525.66 million, a PE ratio of -3.65 and a beta of 1.59. Community Health Systems has a one year low of $4.34 and a one year high of $4.55.
Community Health Systems (NYSE:CYH) last issued its earnings results on Tuesday, May 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.27. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.65 billion. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 15.70%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in CYH. BlackRock Inc. raised its holdings in shares of Community Health Systems by 4.7% in the 4th quarter. BlackRock Inc. now owns 14,960,922 shares of the company’s stock worth $63,734,000 after purchasing an additional 672,638 shares during the period. OppenheimerFunds Inc. raised its holdings in Community Health Systems by 61.5% during the 4th quarter. OppenheimerFunds Inc. now owns 2,589,076 shares of the company’s stock valued at $11,030,000 after acquiring an additional 985,601 shares during the period. California Public Employees Retirement System raised its holdings in Community Health Systems by 10.6% during the 4th quarter. California Public Employees Retirement System now owns 1,820,003 shares of the company’s stock valued at $7,753,000 after acquiring an additional 174,674 shares during the period. Northern Trust Corp raised its holdings in Community Health Systems by 2.4% during the 1st quarter. Northern Trust Corp now owns 1,295,661 shares of the company’s stock valued at $5,130,000 after acquiring an additional 30,334 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Community Health Systems by 41.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,245,963 shares of the company’s stock valued at $4,935,000 after acquiring an additional 365,583 shares during the period.
About Community Health Systems
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.
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