Community Health Systems, Inc. (NYSE:CYH) – Equities research analysts at Leerink Swann decreased their Q2 2017 earnings per share estimates for shares of Community Health Systems in a note issued to investors on Wednesday. Leerink Swann analyst A. Gupte now expects that the company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.21. Leerink Swann also issued estimates for Community Health Systems’ Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.43 EPS and FY2019 earnings at $1.28 EPS.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS.
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A number of other research analysts have also issued reports on the stock. Vetr lowered shares of Community Health Systems from a “sell” rating to a “strong sell” rating and set a $7.83 target price on the stock. in a research note on Monday, March 27th. Mizuho decreased their price target on shares of Community Health Systems from $10.00 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Morgan Stanley started coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They issued an “underweight” rating and a $9.50 price target on the stock. Zacks Investment Research lowered shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG started coverage on shares of Community Health Systems in a research report on Wednesday, April 5th. They issued a “hold” rating and a $11.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Community Health Systems currently has a consensus rating of “Hold” and an average target price of $8.62.
Shares of Community Health Systems (CYH) opened at 9.30 on Friday. The stock has a 50 day moving average of $9.25 and a 200-day moving average of $8.17. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $13.59. The firm’s market cap is $1.04 billion.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Community Health Systems by 38,765.3% in the first quarter. BlackRock Inc. now owns 14,685,650 shares of the company’s stock valued at $130,263,000 after buying an additional 14,647,864 shares in the last quarter. Laurion Capital Management LP increased its position in shares of Community Health Systems by 101.3% in the first quarter. Laurion Capital Management LP now owns 22,528 shares of the company’s stock worth $200,000 after buying an additional 1,771,843 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Community Health Systems during the fourth quarter worth $8,810,000. Vanguard Group Inc. increased its position in shares of Community Health Systems by 15.2% in the first quarter. Vanguard Group Inc. now owns 9,953,542 shares of the company’s stock worth $88,288,000 after buying an additional 1,312,513 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Community Health Systems by 440.5% in the first quarter. JPMorgan Chase & Co. now owns 1,376,762 shares of the company’s stock worth $12,212,000 after buying an additional 1,122,027 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.
About Community Health Systems
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.
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