Community Health Systems, Inc. (NYSE:CYH) Expected to Post Earnings of $0.13 Per Share

Analysts expect Community Health Systems, Inc. (NYSE:CYH – Get Rating) to report earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Community Health Systems’ earnings. The highest EPS estimate is $0.40 and the lowest is ($0.03). Community Health Systems posted earnings per share of $0.36 in the same quarter last year, which indicates a negative year-over-year growth rate of 63.9%. The firm is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Community Health Systems will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.32. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.83 per share, with EPS estimates ranging from $1.62 to $2.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Community Health Systems.

Community Health Systems (NYSE:CYH – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.65. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.16 billion. Community Health Systems had a net margin of 1.87% and a negative return on equity of 21.43%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Community Health Systems from a “strong-buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Wednesday, February 23rd. Wells Fargo & Company assumed coverage on shares of Community Health Systems in a report on Monday, March 28th. They set an “equal weight” rating and a $12.00 price objective for the company. Finally, StockNews.com initiated coverage on shares of Community Health Systems in a report on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Community Health Systems has a consensus rating of “Hold” and a consensus target price of $14.20.

A number of large investors have recently modified their holdings of the stock. Vident Investment Advisory LLC lifted its position in Community Health Systems by 0.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 141,138 shares of the company’s stock valued at $1,651,000 after purchasing an additional 906 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Community Health Systems by 5.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,157 shares of the company’s stock worth $200,000 after buying an additional 933 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Community Health Systems by 1.2% during the 3rd quarter. Voya Investment Management LLC now owns 77,898 shares of the company’s stock worth $912,000 after buying an additional 951 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of Community Health Systems by 2.1% during the 1st quarter. Maryland State Retirement & Pension System now owns 50,230 shares of the company’s stock worth $596,000 after buying an additional 1,036 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Community Health Systems by 37.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,551 shares of the company’s stock worth $65,000 after buying an additional 1,519 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

CYH stock traded up $0.35 during mid-day trading on Wednesday, hitting $11.68. 849,575 shares of the company were exchanged, compared to its average volume of 1,256,601. The company has a market capitalization of $1.57 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.67. Community Health Systems has a twelve month low of $9.22 and a twelve month high of $17.04. The firm has a fifty day simple moving average of $11.45 and a 200 day simple moving average of $12.28.

About Community Health Systems (Get Rating)

Community Health Systems, Inc 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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