Leerink Swann Comments on Community Health Systems’ Q1 2019 Earnings (CYH)

Community Health Systems (NYSE:CYH) – Analysts at Leerink Swann issued their Q1 2019 earnings per share (EPS) estimates for Community Health Systems in a report issued on Tuesday, January 22nd. Leerink Swann analyst A. Gupte expects that the company will post earnings per share of ($0.39) for the quarter. Leerink Swann also issued estimates for Community Health Systems’ Q2 2019 earnings at ($0.42) EPS, Q3 2019 earnings at ($0.44) EPS, Q4 2019 earnings at ($0.34) EPS and FY2020 earnings at ($1.04) EPS.

A number of other brokerages have also recently commented on CYH. Zacks Investment Research upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Friday, January 18th. UBS Group began coverage on shares of Community Health Systems in a research note on Thursday, November 15th. They issued a “sell” rating and a $2.00 price target for the company. ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Cantor Fitzgerald cut their price target on shares of Community Health Systems from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Six analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $3.58.

Shares of CYH stock opened at $3.83 on Wednesday. The firm has a market capitalization of $470.95 million, a price-to-earnings ratio of -3.19 and a beta of 2.09. Community Health Systems has a one year low of $2.48 and a one year high of $6.36.

Community Health Systems (NYSE:CYH) last announced its 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). The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.77) EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of CYH. Schwab Charles Investment Management Inc. lifted its stake in shares of Community Health Systems by 8.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,345,882 shares of the company’s stock worth $4,469,000 after buying an additional 99,919 shares during the last quarter. BlackRock Inc. lifted its stake 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 worth $52,587,000 after buying an additional 872,001 shares during the last quarter. Paloma Partners Management Co lifted its stake in shares of Community Health Systems by 250.0% during the 2nd quarter. Paloma Partners Management Co now owns 35,000 shares of the company’s stock worth $116,000 after buying an additional 25,000 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Community Health Systems during the 2nd quarter worth about $1,618,000. Finally, First Midwest Bank Trust Division acquired a new stake in shares of Community Health Systems during the 3rd quarter worth about $257,000. Institutional investors own 99.23% 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.

See Also: How to Invest in an Index Fund

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

Receive News & Ratings for Community Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply