Community Health Systems (CYH) Set to Announce Earnings on Wednesday

Community Health Systems (NYSE:CYH - Get Free Report) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Community Health Systems to post earnings of ($0.19) per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Community Health Systems (NYSE:CYH - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). Community Health Systems had a negative net margin of 1.07% and a negative return on equity of 5.51%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business posted $1.50 earnings per share. Community Health Systems's quarterly revenue was up 1.2% compared to the same quarter last year. 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 0.2 %

Shares of NYSE:CYH traded down $0.01 during midday trading on Wednesday, hitting $2.91. The stock had a trading volume of 1,330,251 shares, compared to its average volume of 2,062,741. Community Health Systems has a 12 month low of $2.01 and a 12 month high of $6.53. The business's 50-day simple moving average is $3.21 and its 200-day simple moving average is $3.05. The company has a market cap of $403.74 million, a P/E ratio of -2.83 and a beta of 1.52.

Analysts Set New Price Targets

Several research firms recently weighed in on CYH. StockNews.com raised shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Barclays started coverage on shares of Community Health Systems in a research report on Wednesday, March 6th. They issued an "equal weight" rating and a $3.00 target price for the company. Finally, 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 research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Community Health Systems has an average rating of "Hold" and an average target price of $4.20.

Institutional Investors Weigh In On Community Health Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. raised its stake in Community Health Systems by 10.8% during the first quarter. Citigroup Inc. now owns 106,728 shares of the company's stock worth $1,267,000 after acquiring an additional 10,384 shares in the last quarter. MetLife Investment Management LLC raised its stake in Community Health Systems by 53.3% during the first quarter. MetLife Investment Management LLC now owns 69,279 shares of the company's stock worth $822,000 after acquiring an additional 24,099 shares in the last quarter. Rhumbline Advisers raised its stake in Community Health Systems by 4.5% during the first quarter. Rhumbline Advisers now owns 238,443 shares of the company's stock worth $2,830,000 after acquiring an additional 10,302 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Community Health Systems by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 107,056 shares of the company's stock worth $1,271,000 after acquiring an additional 13,199 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Community Health Systems by 0.5% during the first quarter. BlackRock Inc. now owns 19,414,591 shares of the company's stock worth $230,450,000 after acquiring an additional 93,270 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Community Health Systems Company Profile

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.