Community Health Systems (CYH) Scheduled to Post Quarterly Earnings on Wednesday

Community Health Systems (NYSE:CYH) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.16 billion. Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, analysts expect Community Health Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Community Health Systems Stock Down 3.2 %

Community Health Systems stock opened at $2.91 on Wednesday. The business has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $3.05. The company has a market cap of $403.74 million, a P/E ratio of -2.82 and a beta of 1.52. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $6.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Oppenheimer reduced their target price on shares of Community Health Systems from $6.50 to $5.50 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Barclays assumed coverage on shares of Community Health Systems in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $3.00 target price for the company. Finally, StockNews.com raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.20.

Institutional Investors Weigh In On Community Health Systems

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Community Health Systems by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 89,175 shares of the company’s stock valued at $280,000 after acquiring an additional 13,632 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $727,000. GTS Securities LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $153,000. Empire Financial Management Company LLC bought a new position in shares of Community Health Systems during the 4th quarter valued at approximately $219,000. Finally, Barclays PLC boosted its position in shares of Community Health Systems by 199.1% during the 4th quarter. Barclays PLC now owns 198,768 shares of the company’s stock valued at $622,000 after acquiring an additional 132,308 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

About Community Health Systems

Community Health Systems, Inc 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.