$0.17 EPS Expected for Community Health Systems, Inc. (NYSE:CYH) This Quarter

Wall Street brokerages forecast that Community Health Systems, Inc. (NYSE:CYHGet Rating) will announce earnings per share of $0.17 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Community Health Systems’ earnings. The highest EPS estimate is $0.36 and the lowest is ($0.03). Community Health Systems reported earnings per share of $0.23 during the same quarter last year, which indicates a negative year over year growth rate of 26.1%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Community Health Systems will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $0.91 to $1.54. For the next financial year, analysts expect that the firm will report earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.77. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Community Health Systems.

Community Health Systems (NYSE:CYHGet Rating) last announced its earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Community Health Systems had a net margin of 2.36% and a negative return on equity of 20.58%. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned $0.36 earnings per share.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Community Health Systems in a research report on Monday, March 28th. They set an “equal weight” rating and a $12.00 price target for the company. StockNews.com initiated coverage on shares of Community Health Systems in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating and set a $7.25 price target on the stock. in a research note on Friday, April 29th. Finally, Citigroup dropped their price target on shares of Community Health Systems from $18.00 to $14.00 in a research note on Friday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.53.

Shares of NYSE CYH traded down $0.17 on Wednesday, reaching $5.07. 67,752 shares of the company’s stock traded hands, compared to its average volume of 2,029,818. The company has a market cap of $682.88 million, a price-to-earnings ratio of 2.27, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. The business’s 50 day simple moving average is $8.83 and its two-hundred day simple moving average is $11.23. Community Health Systems has a 12 month low of $5.11 and a 12 month high of $17.04.

A number of institutional investors have recently modified their holdings of the stock. M Holdings Securities Inc. acquired a new position in shares of Community Health Systems in the 1st quarter valued at $245,000. Range Financial Group LLC acquired a new position in shares of Community Health Systems during the 1st quarter worth $171,000. Penn Capital Management Company LLC boosted its position in shares of Community Health Systems by 9.3% in the 1st quarter. Penn Capital Management Company LLC now owns 1,200,799 shares of the company’s stock worth $12,480,000 after buying an additional 102,674 shares in the last quarter. Delphia USA Inc. purchased a new stake in shares of Community Health Systems in the 1st quarter worth about $170,000. Finally, PDT Partners LLC lifted its holdings in Community Health Systems by 43.3% in the 1st quarter. PDT Partners LLC now owns 44,600 shares of the company’s stock valued at $529,000 after purchasing an additional 13,481 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.

Community Health Systems Company Profile (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.

See Also

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Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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