Analysts Expect Community Health Systems, Inc. (CYH) Will Post Quarterly Sales of $3.53 Billion
Wall Street analysts expect Community Health Systems, Inc. (NYSE:CYH) to announce sales of $3.53 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Community Health Systems’ earnings. The lowest sales estimate is $3.37 billion and the highest is $3.59 billion. Community Health Systems posted sales of $4.47 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 21%. The business is scheduled to issue its next earnings results on Monday, February 19th.
On average, analysts expect that Community Health Systems will report full-year sales of $3.53 billion for the current year, with estimates ranging from $15.67 billion to $15.98 billion. For the next year, analysts anticipate that the company will post sales of $14.00 billion per share, with estimates ranging from $12.39 billion to $14.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Community Health Systems.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.47). Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned ($0.35) earnings per share. Community Health Systems’s revenue was down 16.3% on a year-over-year basis.
CYH has been the subject of a number of analyst reports. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $7.00 price objective on shares of Community Health Systems in a research note on Friday, August 4th. Cantor Fitzgerald reissued a “hold” rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Sunday, November 5th. Finally, UBS AG reissued a “neutral” rating and set a $8.00 price objective (down previously from $10.00) on shares of Community Health Systems in a research note on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.47.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in CYH. Alps Advisors Inc. purchased a new position in shares of Community Health Systems in the second quarter worth about $107,000. Shelton Capital Management purchased a new position in shares of Community Health Systems in the second quarter worth about $110,000. FrontFour Capital Group LLC purchased a new position in shares of Community Health Systems in the third quarter worth about $113,000. ARP Americas LLC purchased a new position in shares of Community Health Systems in the third quarter worth about $121,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Community Health Systems in the second quarter worth about $126,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.
Community Health Systems (NYSE CYH) traded down $0.07 during trading on Wednesday, hitting $4.15. The stock had a trading volume of 2,615,074 shares, compared to its average volume of 3,651,866. Community Health Systems has a 52-week low of $3.95 and a 52-week high of $10.51. 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 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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