Community Health Systems (CYH) Scheduled to Post Quarterly Earnings on Wednesday

Community Health Systems (NYSE:CYH) will be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Community Health Systems (NYSE:CYH) last released its earnings results on Wednesday, February 21st. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 1.07%. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the firm earned $1.50 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect Community Health Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Community Health Systems Stock Down 3.2 %

Community Health Systems stock opened at $2.91 on Wednesday. Community Health Systems has a 52 week low of $2.01 and a 52 week high of $6.53. The company has a market capitalization of $403.74 million, a price-to-earnings ratio of -2.82 and a beta of 1.52. The stock has a 50-day moving average price of $3.21 and a 200 day moving average price of $3.05.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Oppenheimer decreased their target price on Community Health Systems from $6.50 to $5.50 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Barclays assumed coverage on Community Health Systems in a report on Wednesday, March 6th. They set an “equal weight” rating and a $3.00 target price for the company. Finally, StockNews.com raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CYH. Morgan Stanley lifted its holdings in Community Health Systems by 364.7% in the fourth quarter. Morgan Stanley now owns 8,824,501 shares of the company’s stock valued at $38,122,000 after acquiring an additional 6,925,737 shares during the period. JPMorgan Chase & Co. increased its position in shares of Community Health Systems by 3,799.4% in the first quarter. JPMorgan Chase & Co. now owns 2,887,785 shares of the company’s stock valued at $14,150,000 after buying an additional 2,813,728 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Community Health Systems by 558.7% in the second quarter. AQR Capital Management LLC now owns 1,750,920 shares of the company’s stock valued at $6,566,000 after buying an additional 1,485,122 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Community Health Systems in the third quarter valued at approximately $2,891,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Community Health Systems by 97.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,552,197 shares of the company’s stock valued at $12,505,000 after buying an additional 1,261,833 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Community Health Systems Company Profile

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.