FY2018 EPS Estimates for Community Health Systems (CYH) Lowered by SunTrust Banks

Community Health Systems (NYSE:CYH) – Stock analysts at SunTrust Banks decreased their FY2018 earnings estimates for shares of Community Health Systems in a research report issued to clients and investors on Monday, November 5th. SunTrust Banks analyst D. Macdonald now forecasts that the company will post earnings of ($2.15) per share for the year, down from their prior estimate of ($1.40). SunTrust Banks has a “Hold” rating and a $3.00 price objective on the stock. SunTrust Banks also issued estimates for Community Health Systems’ Q4 2018 earnings at ($0.64) EPS, Q1 2019 earnings at ($0.56) EPS, Q2 2019 earnings at ($0.60) EPS, Q3 2019 earnings at ($0.68) EPS, Q4 2019 earnings at ($0.25) EPS, FY2019 earnings at ($2.08) EPS and FY2020 earnings at ($1.28) EPS.

Several other research firms have also commented on CYH. Barclays initiated coverage on shares of Community Health Systems in a report on Tuesday, August 14th. They issued an “underweight” rating and a $3.00 price target on the stock. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Monday, October 22nd. Jefferies Financial Group restated a “hold” rating and issued a $4.00 price target on shares of Community Health Systems in a report on Friday, July 27th. 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. Finally, ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $3.56.

NYSE CYH opened at $3.84 on Thursday. Community Health Systems has a one year low of $2.48 and a one year high of $6.36. The company has a market capitalization of $423.27 million, a P/E ratio of -3.20 and a beta of 1.56.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Monday, October 29th. The company reported ($1.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.02) by ($0.62). Community Health Systems had a negative net margin of 17.97% and a negative return on equity of 36.38%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted ($0.77) EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the company. Paloma Partners Management Co raised its stake in shares of Community Health Systems by 250.0% during the second quarter. Paloma Partners Management Co now owns 35,000 shares of the company’s stock valued at $116,000 after purchasing an additional 25,000 shares during the period. First Midwest Bank Trust Division bought a new stake in shares of Community Health Systems in the third quarter worth $257,000. Canada Pension Plan Investment Board increased its stake in shares of Community Health Systems by 43.9% in the second quarter. Canada Pension Plan Investment Board now owns 102,000 shares of the company’s stock worth $339,000 after buying an additional 31,100 shares during the last quarter. LPL Financial LLC increased its stake in shares of Community Health Systems by 46.8% in the first quarter. LPL Financial LLC now owns 111,612 shares of the company’s stock worth $442,000 after buying an additional 35,579 shares during the last quarter. Finally, Miller Value Partners LLC increased its stake in shares of Community Health Systems by 16.9% in the second quarter. Miller Value Partners LLC now owns 135,440 shares of the company’s stock worth $450,000 after buying an additional 19,550 shares during the last quarter. Institutional investors own 96.52% of the company’s stock.

In other news, insider Patton Paul Smith acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were bought at an average price of $3.51 per share, for a total transaction of $35,100.00. Following the completion of the purchase, the insider now directly owns 103,417 shares of the company’s stock, valued at approximately $362,993.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 25,000 shares of company stock worth $83,350 in the last quarter. Insiders own 3.80% of the company’s stock.

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.

Further Reading: Market Capitalization in the Stock Market

Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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