Community Health Systems (NYSE:CYH) Releases Earnings Results, Beats Estimates By $2.07 EPS
Community Health Systems (NYSE:CYH) issued its earnings results on Tuesday. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of ($1.22) by $2.07, MarketWatch Earnings reports. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) earnings per share.
Community Health Systems stock traded down $0.03 during mid-day trading on Friday, hitting $4.90. 96,070 shares of the company were exchanged, compared to its average volume of 1,705,048. The business has a fifty day moving average of $3.31 and a 200 day moving average of $3.65. Community Health Systems has a 1-year low of $1.79 and a 1-year high of $7.47. The company has a market capitalization of $572.62 million, a PE ratio of -1.82 and a beta of 1.68.
A number of brokerages recently commented on CYH. Citigroup upped their target price on Community Health Systems from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th. ValuEngine lowered Community Health Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Oppenheimer dropped their price objective on Community Health Systems from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.71.
Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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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