Equities research analysts expect Community Health Systems (NYSE:CYH) to report earnings per share of ($0.52) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Community Health Systems’ earnings. The highest EPS estimate is ($0.22) and the lowest is ($0.80). Community Health Systems reported earnings of ($1.64) per share during the same quarter last year, which indicates a positive year over year growth rate of 68.3%. The business is scheduled to issue its next earnings report on Monday, November 4th.
On average, analysts expect that Community Health Systems will report full-year earnings of ($1.80) per share for the current financial year, with EPS estimates ranging from ($2.23) to ($1.21). For the next year, analysts anticipate that the business will report earnings of ($1.20) per share, with EPS estimates ranging from ($1.88) to ($0.78). Zacks’ EPS calculations are an average based on a survey of analysts that cover Community Health Systems.
Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.05. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm posted ($0.01) earnings per share. Community Health Systems’s quarterly revenue was down 7.3% compared to the same quarter last year.
Several brokerages have issued reports on CYH. ValuEngine raised Community Health Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Community Health Systems in a research note on Thursday, August 8th. Finally, Piper Jaffray Companies set a $3.00 price target on Community Health Systems and gave the company a “sell” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Community Health Systems presently has an average rating of “Hold” and an average price target of $3.68.
In other news, EVP Benjamin C. Fordham bought 25,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $2.29 per share, with a total value of $57,250.00. Following the completion of the transaction, the executive vice president now directly owns 159,416 shares of the company’s stock, valued at $365,062.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Wayne T. Smith bought 1,200,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were purchased at an average cost of $1.99 per share, for a total transaction of $2,388,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,132,082 shares of the company’s stock, valued at $6,232,843.18. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,250,000 shares of company stock worth $2,491,500. Insiders own 4.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in shares of Community Health Systems by 3.3% during the second quarter. UBS Asset Management Americas Inc. now owns 162,663 shares of the company’s stock worth $434,000 after purchasing an additional 5,141 shares during the period. Royal Bank of Canada raised its position in shares of Community Health Systems by 72.6% during the second quarter. Royal Bank of Canada now owns 12,377 shares of the company’s stock worth $33,000 after purchasing an additional 5,205 shares during the period. Balyasny Asset Management LLC acquired a new position in shares of Community Health Systems during the second quarter worth approximately $29,000. Systematic Financial Management LP raised its position in shares of Community Health Systems by 6.9% during the second quarter. Systematic Financial Management LP now owns 295,610 shares of the company’s stock worth $789,000 after purchasing an additional 19,195 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Community Health Systems during the second quarter worth approximately $61,000. 96.42% of the stock is currently owned by institutional investors.
Shares of CYH opened at $4.06 on Wednesday. Community Health Systems has a 52-week low of $1.79 and a 52-week high of $5.35. The business’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $2.97. The firm has a market cap of $473.39 million, a PE ratio of -2.09 and a beta of 2.37.
About Community Health Systems
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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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