Wall Street analysts predict that Community Health Systems (NYSE:CYH) will announce $3.52 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued 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 21.3%. The business is expected to report its next earnings report on Monday, February 19th.
On average, analysts expect that Community Health Systems will report full-year sales of $3.52 billion for the current fiscal year, with estimates ranging from $15.67 billion to $15.89 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $13.84 billion per share, with estimates ranging from $12.39 billion to $14.35 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Community Health Systems.
A number of research firms recently weighed in on CYH. Cantor Fitzgerald reiterated a “hold” rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Thursday, February 1st. Credit Suisse Group began coverage on Community Health Systems in a research report on Thursday, November 2nd. They issued an “underperform” rating and a $3.50 price target for the company. ValuEngine lowered Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Mizuho reissued a “hold” rating and issued a $3.50 price objective on shares of Community Health Systems in a research note on Friday, November 3rd. Finally, Citigroup reduced their price objective on Community Health Systems from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.10.
Several institutional investors and hedge funds have recently bought and sold shares of CYH. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Community Health Systems during the 4th quarter worth about $100,000. Shelton Capital Management purchased a new stake in shares of Community Health Systems during the 2nd quarter worth about $110,000. FrontFour Capital Group LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter worth about $113,000. ARP Americas LLC purchased a new stake in shares of Community Health Systems during the 3rd quarter worth about $121,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Community Health Systems during the 3rd quarter worth about $154,000. 94.72% of the stock is owned by institutional investors.
Community Health Systems (NYSE CYH) traded up $0.24 during trading hours on Friday, hitting $5.73. The company had a trading volume of 1,707,484 shares, compared to its average volume of 3,298,206. 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 fifty-two week low of $3.85 and a fifty-two week high of $10.51. The firm has a market cap of $632.15, a price-to-earnings ratio of -0.96 and a beta of 1.52.
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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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