Wall Street analysts expect Community Health Systems (NYSE:CYH) to announce earnings of ($0.41) per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Community Health Systems’ earnings. The highest EPS estimate is ($0.22) and the lowest is ($0.61). Community Health Systems posted earnings of ($0.25) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 64%. The business is expected to announce its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Community Health Systems will report full year earnings of ($1.17) per share for the current fiscal year, with EPS estimates ranging from ($1.57) to ($0.68). For the next fiscal year, analysts expect that the firm will post earnings of ($0.69) per share, with EPS estimates ranging from ($1.88) to $0.11. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Community Health Systems.
Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, May 1st. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.27. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 15.70%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s quarterly revenue was down 17.8% compared to the same quarter last year.
Several analysts recently commented on the company. ValuEngine upgraded Community Health Systems from a “hold” rating to a “buy” rating in a report on Tuesday, May 22nd. Cantor Fitzgerald reiterated a “hold” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Tuesday, May 1st. Mizuho reiterated a “hold” rating and issued a $4.50 target price on shares of Community Health Systems in a report on Thursday, March 22nd. Jefferies Financial Group set a $5.00 target price on Community Health Systems and gave the company a “hold” rating in a report on Tuesday, March 6th. Finally, Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Eight analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.87.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Community Health Systems by 3.0% in the first quarter. Principal Financial Group Inc. now owns 991,799 shares of the company’s stock valued at $3,927,000 after buying an additional 29,086 shares during the period. PointState Capital LP acquired a new position in Community Health Systems in the first quarter valued at approximately $12,057,000. Saba Capital Management L.P. lifted its stake in Community Health Systems by 8.0% in the first quarter. Saba Capital Management L.P. now owns 7,375,578 shares of the company’s stock valued at $29,207,000 after buying an additional 547,371 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Community Health Systems by 885.5% in the first quarter. Cubist Systematic Strategies LLC now owns 84,494 shares of the company’s stock valued at $335,000 after buying an additional 75,920 shares during the period. Finally, LPL Financial LLC lifted its stake in Community Health Systems by 46.8% in the first quarter. LPL Financial LLC now owns 111,612 shares of the company’s stock valued at $442,000 after buying an additional 35,579 shares during the period. 98.79% of the stock is currently owned by hedge funds and other institutional investors.
CYH stock traded down $0.09 during trading on Thursday, hitting $4.28. The company had a trading volume of 1,167,400 shares, compared to its average volume of 2,766,711. Community Health Systems has a one year low of $3.69 and a one year high of $10.18. The stock has a market capitalization of $517.52 million, a PE ratio of -3.57 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.
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