Leerink Swann Analysts Cut Earnings Estimates for Community Health Systems, Inc. (NYSE:CYH)
Community Health Systems, Inc. (NYSE:CYH) – Research analysts at Leerink Swann decreased their Q3 2017 earnings per share estimates for Community Health Systems in a report issued on Thursday. Leerink Swann analyst A. Gupte now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their previous forecast 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 posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.31. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. WARNING: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/08/leerink-swann-analysts-cut-earnings-estimates-for-community-health-systems-inc-nysecyh.html.
CYH has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “sell” rating and set a $9.00 price target on shares of Community Health Systems in a research note on Wednesday, July 26th. Morgan Stanley began coverage on Community Health Systems in a research note on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price target for the company. Vetr downgraded Community Health Systems from a “hold” rating to a “sell” rating and set a $8.62 price target for the company. in a research note on Monday, April 17th. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG cut their price target on Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Community Health Systems presently has a consensus rating of “Hold” and an average target price of $8.34.
Community Health Systems (NYSE CYH) opened at 6.53 on Monday. The firm’s market capitalization is $731.36 million. The company’s 50-day moving average price is $9.08 and its 200 day moving average price is $8.69. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.28.
A number of large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Community Health Systems during the fourth quarter worth about $606,000. Teachers Retirement System of The State of Kentucky boosted its position 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 last quarter. Thrivent Financial for Lutherans boosted its position 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 last quarter. Norges Bank purchased a new position in Community Health Systems during the fourth quarter valued at $5,568,000. Finally, UBS Asset Management Americas Inc. boosted its position 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 last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
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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