Wall Street analysts expect that Community Health Systems (NYSE:CYH) will post earnings of ($0.17) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Community Health Systems’ earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.37). Community Health Systems posted earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 312.5%. The business is scheduled to issue its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that Community Health Systems will report full-year earnings of ($0.90) per share for the current financial year, with EPS estimates ranging from ($1.67) to $0.33. For the next financial year, analysts forecast that the company will post earnings of ($0.11) per share, with EPS estimates ranging from ($1.14) to $1.37. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Community Health Systems.
Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.09. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was down 31.6% compared to the same quarter last year.
Community Health Systems (NYSE:CYH) traded down $1.25 during mid-day trading on Friday, reaching $4.93. 5,903,189 shares of the company’s stock were exchanged, compared to its average volume of 3,247,147. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a one year low of $3.85 and a one year high of $10.51. The company has a market capitalization of $585.68, a PE ratio of -0.88 and a beta of 1.52.
In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 100,164 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $3.96 per share, for a total transaction of $396,649.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 1,980,484 shares of company stock valued at $7,878,489. Corporate insiders own 4.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. ARP Americas LLC bought a new position in Community Health Systems during the third quarter worth about $121,000. Dimensional Fund Advisors LP increased its holdings in shares of Community Health Systems by 31.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,508,663 shares of the company’s stock worth $49,986,000 after buying an additional 1,551,499 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Community Health Systems by 10.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,335,909 shares of the company’s stock worth $10,260,000 after buying an additional 131,733 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth approximately $514,000. Finally, IndexIQ Advisors LLC increased its holdings in shares of Community Health Systems by 83.0% during the third quarter. IndexIQ Advisors LLC now owns 97,715 shares of the company’s stock worth $750,000 after buying an additional 44,333 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.
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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.
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