Q3 2017 Earnings Estimate for Community Health Systems, Inc. Issued By SunTrust Banks (CYH)

Community Health Systems, Inc. (NYSE:CYH) – Stock analysts at SunTrust Banks cut their Q3 2017 earnings per share estimates for Community Health Systems in a report released on Wednesday. SunTrust Banks analyst D. Macdonald now forecasts that the company will earn ($0.33) per share for the quarter, down from their previous estimate of ($0.02). SunTrust Banks also issued estimates for Community Health Systems’ Q4 2017 earnings at $0.43 EPS, FY2017 earnings at ($0.06) EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.79 EPS and FY2018 earnings at $1.14 EPS.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. Community Health Systems’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS.

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Other equities research analysts have also issued reports about the stock. Vetr upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $8.62 target price for the company in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a research report on Sunday, July 30th. Finally, Deutsche Bank AG dropped their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.34.

Community Health Systems (NYSE CYH) opened at 6.34 on Monday. The firm has a 50-day moving average of $8.87 and a 200 day moving average of $8.64. Community Health Systems has a 12 month low of $4.15 and a 12 month high of $13.28. The firm’s market capitalization is $710.08 million.

Several hedge funds and other institutional investors have recently modified their holdings of CYH. Russell Investments Group Ltd. purchased a new position in shares of Community Health Systems during the fourth quarter valued at approximately $606,000. State of Tennessee Treasury Department increased its position in shares of Community Health Systems by 138.4% in the first quarter. State of Tennessee Treasury Department now owns 217,398 shares of the company’s stock valued at $1,929,000 after buying an additional 126,208 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Community Health Systems by 214.9% in the first quarter. Nationwide Fund Advisors now owns 238,001 shares of the company’s stock valued at $2,111,000 after buying an additional 162,431 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares during the last quarter. Finally, Airain ltd purchased a new position in shares of Community Health Systems during the first quarter valued at approximately $126,000. 95.14% of the stock is currently owned by institutional investors.

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.

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

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