Brokerages expect that Community Health Systems (NYSE:CYH) will report ($1.00) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Community Health Systems’ earnings, with the lowest EPS estimate coming in at ($1.23) and the highest estimate coming in at ($0.64). Community Health Systems posted earnings of ($0.77) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 29.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Community Health Systems will report full year earnings of ($1.50) per share for the current financial year, with EPS estimates ranging from ($1.90) to ($0.47). For the next fiscal year, analysts forecast that the company will report earnings of ($1.56) per share, with EPS estimates ranging from ($2.77) to ($0.85). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Community Health Systems.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, July 26th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.42. Community Health Systems had a negative net margin of 16.16% and a negative return on equity of 36.38%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the business posted ($0.25) earnings per share. Community Health Systems’s revenue for the quarter was down 14.0% compared to the same quarter last year.

A number of equities research analysts recently issued reports on CYH shares. ValuEngine cut shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Morgan Stanley decreased their price objective on shares of Community Health Systems from $4.00 to $3.75 and set an “underweight” rating for the company in a report on Friday, July 13th. SunTrust Banks reiterated a “hold” rating and issued a $3.00 price objective on shares of Community Health Systems in a report on Friday, July 20th. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $4.00 price objective on shares of Community Health Systems in a report on Friday, July 27th. Nine research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus target price of $3.93.

In other news, insider Patton Paul Smith purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was bought at an average cost of $3.51 per share, for a total transaction of $35,100.00. Following the completion of the acquisition, the insider now directly owns 103,417 shares of the company’s stock, valued at $362,993.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 25,000 shares of company stock valued at $83,350 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CYH. LPL Financial LLC lifted its stake in shares of Community Health Systems by 46.8% in the first quarter. LPL Financial LLC now owns 111,612 shares of the company’s stock valued at $442,000 after buying an additional 35,579 shares during the period. CQS Cayman LP acquired a new position in Community Health Systems in the first quarter worth about $1,070,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Community Health Systems by 29.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 180,854 shares of the company’s stock worth $600,000 after purchasing an additional 41,420 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Community Health Systems by 885.5% in the first quarter. Cubist Systematic Strategies LLC now owns 84,494 shares of the company’s stock worth $335,000 after purchasing an additional 75,920 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Community Health Systems by 16.6% in the first quarter. Wells Fargo & Company MN now owns 217,656 shares of the company’s stock worth $863,000 after purchasing an additional 30,991 shares in the last quarter. Institutional investors own 97.55% of the company’s stock.

NYSE CYH opened at $3.41 on Wednesday. Community Health Systems has a 1-year low of $2.66 and a 1-year high of $7.89. The company has a debt-to-equity ratio of -17.03, a quick ratio of 1.58 and a current ratio of 1.79. The firm has a market capitalization of $396.42 million, a PE ratio of -2.84 and a beta of 1.69.

About Community Health Systems

Community Health Systems, Inc, together with its subsidiaries, 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.

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

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