Wall Street analysts expect Community Health Systems (NYSE:CYH) to report earnings of ($0.41) per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Community Health Systems’ earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.61). Community Health Systems posted earnings of ($0.25) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 64%. The firm is scheduled to report its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Community Health Systems will report full-year earnings of ($1.21) per share for the current fiscal year, with EPS estimates ranging from ($1.74) to ($0.68). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.74) per share, with EPS estimates ranging from ($1.88) to $0.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Community Health Systems.
Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, May 1st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.27. Community Health Systems had a negative net margin of 15.70% and a negative return on equity of 36.38%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was down 17.8% on a year-over-year basis.
Several analysts recently commented on the stock. Cantor Fitzgerald reissued a “hold” rating and set a $6.00 target price on shares of Community Health Systems in a research note on Tuesday, May 1st. ValuEngine raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group set a $5.00 target price on shares of Community Health Systems and gave the company a “hold” rating in a research note on Tuesday, March 6th. Mizuho assumed coverage on shares of Community Health Systems in a research note on Friday, March 23rd. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.87.
Several hedge funds have recently added to or reduced their stakes in CYH. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $100,000. Bank of Montreal Can raised its holdings in shares of Community Health Systems by 882.1% during the fourth quarter. Bank of Montreal Can now owns 37,084 shares of the company’s stock valued at $158,000 after acquiring an additional 33,308 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $162,000. MetLife Investment Advisors LLC acquired a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $185,000. Finally, Element Capital Management LLC acquired a new stake in shares of Community Health Systems during the first quarter valued at approximately $199,000. Institutional investors and hedge funds own 98.61% of the company’s stock.
CYH stock traded down $0.11 on Monday, hitting $3.70. 54,077 shares of the company’s stock traded hands, compared to its average volume of 2,211,355. Community Health Systems has a 1-year low of $3.69 and a 1-year high of $10.18. The firm has a market cap of $490.77 million, a PE ratio of -3.18 and a beta of 1.60. The company has a debt-to-equity ratio of -19.76, a current ratio of 1.76 and a quick ratio of 1.57.
Community Health Systems Company Profile
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.
Get a free copy of the Zacks research report on Community Health Systems (CYH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.