Leerink Swann Equities Analysts Reduce Earnings Estimates for Community Health Systems, Inc. (CYH)

Community Health Systems, Inc. (NYSE:CYH) – Research analysts at Leerink Swann decreased their Q3 2017 earnings per share (EPS) estimates for Community Health Systems in a report issued on Thursday. Leerink Swann analyst A. Gupte now forecasts that the company will post earnings of ($0.11) per share for the quarter, down from their prior estimate of $0.06. Leerink Swann also issued estimates for Community Health Systems’ Q4 2017 earnings at $0.03 EPS, FY2017 earnings at ($0.26) EPS and FY2018 earnings at $0.31 EPS.

Community Health Systems (NYSE:CYH) last released its earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.31. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year.

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A number of other research analysts have also commented on the stock. BidaskClub lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Friday, August 4th. Deutsche Bank AG decreased their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Piper Jaffray Companies restated a “sell” rating and set a $6.00 target price on shares of Community Health Systems in a research report on Thursday, August 3rd. Finally, Mizuho restated a “neutral” rating and set a $7.00 target price (down previously from $7.50) on shares of Community Health Systems in a research report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Community Health Systems has a consensus rating of “Hold” and an average target price of $8.34.

Shares of Community Health Systems (NYSE:CYH) opened at 6.34 on Monday. The company’s 50-day moving average price is $8.87 and its 200-day moving average price is $8.64. The firm’s market capitalization is $710.08 million. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $13.28.

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Community Health Systems during the fourth quarter valued at $606,000. Teachers Retirement System of The State of Kentucky boosted its stake in Community Health Systems by 55.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 35,300 shares of the company’s stock valued at $197,000 after buying an additional 12,527 shares during the period. Thrivent Financial for Lutherans boosted its stake in Community Health Systems by 246.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 61,270 shares of the company’s stock valued at $342,000 after buying an additional 43,594 shares during the period. Norges Bank purchased a new stake in Community Health Systems during the fourth quarter valued at $5,568,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.

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

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