Brokerages Anticipate Community Health Systems (CYH) Will Post Earnings of $0.07 Per Share

Analysts forecast that Community Health Systems (NYSE:CYH) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Community Health Systems’ earnings, with estimates ranging from ($0.06) to $0.21. Community Health Systems reported earnings of $0.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.2%. The business is expected to issue its next quarterly earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that Community Health Systems will report full year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from ($0.21) to $0.67. For the next financial year, analysts anticipate that the firm will post earnings of $0.82 per share, with EPS estimates ranging from $0.40 to $1.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Community Health Systems.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Monday, May 1st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Community Health Systems had a negative return on equity of 0.94% and a negative net margin of 8.44%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. Vetr cut Community Health Systems from a “sell” rating to a “strong sell” rating and set a $7.83 price target for the company. in a research report on Monday, March 27th. Morgan Stanley assumed coverage on Community Health Systems in a research report on Tuesday. They set an “underweight” rating for the company. Piper Jaffray Companies cut Community Health Systems from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $10.00 to $7.00 in a research report on Wednesday, March 1st. Cantor Fitzgerald boosted their target price on Community Health Systems from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 22nd. Finally, Mizuho reduced their target price on Community Health Systems from $10.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, March 27th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Community Health Systems has a consensus rating of “Hold” and an average price target of $8.82.

Community Health Systems (CYH) traded up 0.24% during mid-day trading on Thursday, hitting $8.49. The stock had a trading volume of 2,542,942 shares. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $15.52. The company’s market cap is $950.03 million. The firm’s 50-day moving average is $9.24 and its 200 day moving average is $7.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in CYH. Horrell Capital Management Inc. increased its position in shares of Community Health Systems by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $242,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares in the last quarter. World Asset Management Inc increased its position in shares of Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after buying an additional 387 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Community Health Systems by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $412,000 after buying an additional 700 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Community Health Systems by 1.4% in the first quarter. Arizona State Retirement System now owns 59,300 shares of the company’s stock worth $526,000 after buying an additional 800 shares during the period.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CYH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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