Community Health Systems Company Profile (NYSE:CYH)

Community Health Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "CYH."

Community Health Systems, Inc. (NYSE:CYH) announced its quarterly earnings data on Tuesday, August, 1st. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. Community Health Systems's revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. View Community Health Systems' Earnings History.

Community Health Systems is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Community Health Systems.

Community Health Systems updated its FY17 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of ($0.30)-$0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14. The company issued revenue guidance of $15.85-16.05 billion, compared to the consensus revenue estimate of $16.01 billion.

17 equities research analysts have issued 12-month price targets for Community Health Systems' stock. Their predictions range from $4.25 to $12.00. On average, they anticipate Community Health Systems' share price to reach $7.52 in the next year. View Analyst Ratings for Community Health Systems.

Here are some recent quotes from research analysts about Community Health Systems stock:

• 1. According to Zacks Investment Research, "Community Health reported adjusted loss of 25 cents per share in the second quarter of 2017, which was narrower than the Zacks Consensus Estimate of a loss of 26 cents. Over last one year, the stock has lost 44%, against the industry’s decline of only 4%. The company severely suffers from rising level of debt that not only increases its financial risk but also raises the interest expenses. The company has lowered its guidance in the second quarter which might put the share price under pressure. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. However, the company’s inorganic growth via accretive acquisitions and strategic divestures has been adding to its top line over the past few years." (8/2/2017)
• 2. Cantor Fitzgerald analysts commented, "We are lowering our 2017 earnings estimate, initiating a 2018 estimate that is substantially higher and reiterating our Neutral rating. We are lowering our 2017 adjusted EPS estimate (diluted) to $0.70 (from $1.00) to reflect increased visibility of this year's headwinds, but initiating a 2018 estimate that reflects our view of the company's potential leverage as it restructures its portfolio and pays down debt. We are raising our price target to $8 (from $7) to reflect the divestitures CYH has already announced and the prices (about 10x EBITDA) that it is achieving. We expect CYH's downsizing will continue for quite awhile, increasing its focus on larger, more urban hospitals that we believe will enjoy better fundamentals. The shares traded up 34% today." (2/22/2017)
• 3. Jefferies Group LLC analysts commented, "We give credit to CYH mgmt. for their success in aggressively adjusting the company’s cost structure, which translated into a good EBITDA beat in Q4 and in-line FY17 EBITDA guidance." (2/21/2017)

Community Health Systems saw a increase in short interest in August. As of August 31st, there was short interest totalling 26,844,868 shares, an increase of 16.6% from the August 15th total of 23,032,378 shares. Based on an average trading volume of 2,920,660 shares, the days-to-cover ratio is presently 9.2 days. Currently, 24.5% of the shares of the company are sold short.

Some companies that are related to Community Health Systems include HMS Holdings Corp (HMSY), Tenet Healthcare Corporation (THC), China Cord Blood Corporation (CO), HealthStream (HSTM), Kindred Healthcare (KND), American Renal Associates Holdings (ARA), Georgia Healthcare Group PLC (GHG), Cambian Group PLC (CMBN), Concord Medical Services Holdings Limited (CCM), Nobilis Health Corp (HLTH), The Joint Corp. (JYNT), Cancer Genetics (CGIX), Streamline Health Solutions (STRM), Air Methods Corp (AIRM), Surgical Care Affiliates (SCAI) and TeamHealth Holdings (TMH).

Community Health Systems' management team includes the folowing people:

• Wayne T. Smith, Chairman of the Board, Chief Executive Officer, and Director
• Tim L. Hingtgen, President, Chief Operating Officer
• Thomas J. Aaron, Chief Financial Officer, Executive Vice President
• Martin J. Bonick, Division President - Division I Operations
• Robert O. Horrar, Division President — Division III Operations
• John W. McClellan, President - Division IV Operations
• Michael T. Portacci, Division President - Division II Operations
• Lynn T. Simon M.D., President - Clinical Services and Chief Quality Officer
• Paul P. Smith, Division President — Division VI Operations
• Kevin J. Hammons, Senior Vice President, Chief Accounting Officer

Community Health Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include SHANDA MEDIA LTD (22.10%), BlackRock Inc. (12.81%), Vanguard Group Inc. (9.27%), Dimensional Fund Advisors LP (4.43%), State Street Corp (2.91%) and Cyrus Capital Partners L.P. (2.51%). Company insiders that own Community Health Systems stock include Glenview Capital Management, L, H Mitchell Watson Jr, James S Ely III, John A Clerico and Tian Qiao Chen. View Institutional Ownership Trends for Community Health Systems.

Community Health Systems' stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, PointState Capital LP, Goldman Sachs Group Inc., Alliancebernstein L.P., BlackRock Inc., LSV Asset Management, Cyrus Capital Partners L.P. and Acadian Asset Management LLC. View Insider Buying and Selling for Community Health Systems.

Community Health Systems' stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Franklin Resources Inc., QS Investors LLC, Gotham Asset Management LLC, Vanguard Group Inc., Chartwell Investment Partners LLC, Parametric Portfolio Associates LLC and Marshall Wace North America L.P.. Company insiders that have bought Community Health Systems stock in the last two years include James S Ely III, John A Clerico and Tian Qiao Chen. View Insider Buying and Selling for Community Health Systems.

Shares of Community Health Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Community Health Systems stock can currently be purchased for approximately $7.36.