$3.39 Billion in Sales Expected for Community Health Systems (CYH) This Quarter

Wall Street analysts expect that Community Health Systems (NYSE:CYH) will report sales of $3.39 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Community Health Systems’ earnings. The highest sales estimate is $3.47 billion and the lowest is $3.29 billion. Community Health Systems posted sales of $3.06 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.8%. The company is scheduled to announce its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Community Health Systems will report full year sales of $14.08 billion for the current year, with estimates ranging from $13.99 billion to $14.17 billion. For the next year, analysts forecast that the firm will post sales of $13.11 billion, with estimates ranging from $12.96 billion to $13.50 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Community Health Systems.

CYH has been the topic of several research reports. UBS Group initiated coverage on shares of Community Health Systems in a report on Thursday, November 15th. They set a “sell” rating and a $2.00 price objective on the stock. Cantor Fitzgerald restated a “hold” rating and set a $6.00 price objective on shares of Community Health Systems in a report on Thursday, October 11th. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Monday, October 22nd. Finally, ValuEngine downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.50.

Institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Community Health Systems by 41.2% during the 3rd quarter. LPL Financial LLC now owns 153,126 shares of the company’s stock valued at $530,000 after acquiring an additional 44,697 shares in the last quarter. BlackRock Inc. boosted its position in shares of Community Health Systems by 5.8% during the 2nd quarter. BlackRock Inc. now owns 15,839,085 shares of the company’s stock valued at $52,587,000 after acquiring an additional 872,001 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Community Health Systems during the 2nd quarter valued at about $1,618,000. AQR Capital Management LLC acquired a new stake in shares of Community Health Systems during the 3rd quarter valued at about $406,000. Finally, Vanguard Group Inc boosted its position in shares of Community Health Systems by 9.3% during the 3rd quarter. Vanguard Group Inc now owns 11,219,038 shares of the company’s stock valued at $38,817,000 after acquiring an additional 957,865 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.

Shares of NYSE:CYH traded up $0.19 on Friday, hitting $4.08. 2,225,022 shares of the company were exchanged, compared to its average volume of 1,776,036. Community Health Systems has a one year low of $2.48 and a one year high of $6.36. The company has a market cap of $455.24 million, a price-to-earnings ratio of -3.40 and a beta of 2.51.

Community Health Systems Company Profile

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.

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

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