Equities analysts predict that Community Health Systems (NYSE:CYH) will post sales of $3.36 billion for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Community Health Systems’ earnings, with the lowest sales estimate coming in at $3.24 billion and the highest estimate coming in at $3.45 billion. Community Health Systems posted sales of $3.67 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 8.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Community Health Systems will report full-year sales of $13.91 billion for the current financial year, with estimates ranging from $13.63 billion to $14.09 billion. For the next financial year, analysts expect that the business will post sales of $13.14 billion, with estimates ranging from $12.74 billion to $13.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Community Health Systems.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, July 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.42. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Community Health Systems had a negative return on equity of 36.38% and a negative net margin of 16.16%. The firm’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.25) EPS.

Several analysts have commented on the company. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Barclays assumed coverage on Community Health Systems in a report on Tuesday, August 14th. They issued an “underweight” rating and a $3.00 price target for the company. ValuEngine upgraded Community Health Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Bank of America lowered their price target on Community Health Systems from $4.50 to $4.00 and set an “underperform” rating for the company in a report on Friday, July 27th. Finally, Robert W. Baird restated a “hold” rating and issued a $4.00 price target (down previously from $5.00) on shares of Community Health Systems in a report on Friday, July 27th. Nine investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.93.

CYH traded down $0.04 during midday trading on Monday, hitting $2.62. The company’s stock had a trading volume of 1,801,026 shares, compared to its average volume of 2,641,815. The company has a debt-to-equity ratio of -17.03, a current ratio of 1.79 and a quick ratio of 1.58. The stock has a market capitalization of $402.24 million, a price-to-earnings ratio of -2.18 and a beta of 1.69. Community Health Systems has a 52-week low of $2.56 and a 52-week high of $6.64.

In other news, insider Patton Paul Smith acquired 10,000 shares of Community Health Systems stock in a transaction dated Monday, August 20th. The shares were acquired at an average cost of $3.51 per share, with a total value of $35,100.00. Following the purchase, the insider now directly owns 103,417 shares of the company’s stock, valued at approximately $362,993.67. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 25,000 shares of company stock worth $83,350 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYH. PointState Capital LP acquired a new position in shares of Community Health Systems in the 1st quarter valued at about $12,057,000. BlackRock Inc. lifted its position in Community Health Systems by 5.8% during the 2nd quarter. BlackRock Inc. now owns 15,839,085 shares of the company’s stock worth $52,587,000 after acquiring an additional 872,001 shares in the last quarter. Saba Capital Management L.P. lifted its position in Community Health Systems by 11.4% during the 2nd quarter. Saba Capital Management L.P. now owns 8,213,005 shares of the company’s stock worth $27,267,000 after acquiring an additional 837,427 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Community Health Systems by 17.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,097,383 shares of the company’s stock worth $16,923,000 after acquiring an additional 749,092 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Community Health Systems by 1,358.4% during the 2nd quarter. Acadian Asset Management LLC now owns 559,042 shares of the company’s stock worth $1,857,000 after acquiring an additional 520,710 shares in the last quarter. 97.55% of the stock is currently owned by institutional investors and hedge funds.

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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