Community Health Systems, Inc. (NYSE:CYH) – Equities research analysts at Leerink Swann cut their Q2 2017 earnings per share estimates for Community Health Systems in a report released 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 prior 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.

CYH has been the subject of a number of other reports. Vetr upgraded shares of Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 price objective for the company in a report on Tuesday, March 21st. Deutsche Bank AG initiated coverage on shares of Community Health Systems in a report on Wednesday, April 5th. They set a “hold” rating and a $11.00 price objective for the company. Morgan Stanley initiated coverage on shares of Community Health Systems in a report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price objective for the company. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. Finally, Mizuho reduced their price objective on shares of Community Health Systems from $10.00 to $7.50 and set a “neutral” rating for the company in a report on Monday, March 27th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Community Health Systems currently has an average rating of “Hold” and a consensus price target of $8.62.

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Community Health Systems (NYSE CYH) opened at 9.26 on Friday. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $13.59. The company has a 50-day moving average of $9.25 and a 200-day moving average of $8.17. The firm’s market capitalization is $1.04 billion.

Community Health Systems (NYSE:CYH) last announced its earnings results on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS.

Several hedge funds have recently bought and sold shares of the stock. Horrell Capital Management Inc. raised its stake in Community Health Systems by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock worth $278,000 after buying an additional 681 shares during the period. State of Alaska Department of Revenue raised its stake in Community Health Systems by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 22,644 shares of the company’s stock worth $225,000 after buying an additional 10,074 shares during the period. Bank of Montreal Can raised its stake in Community Health Systems by 158.7% in the second quarter. Bank of Montreal Can now owns 15,702 shares of the company’s stock worth $156,000 after buying an additional 9,632 shares during the period. Fox Run Management L.L.C. purchased a new stake in Community Health Systems during the second quarter worth $126,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in Community Health Systems by 134.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,300 shares of the company’s stock worth $127,000 after buying an additional 8,200 shares during the period. 95.43% of the stock is currently owned by institutional investors.

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.

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

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