Community Health Systems (NYSE:CYH) announced its earnings results on Monday. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.05, Bloomberg Earnings reports. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business earned ($0.01) EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. Community Health Systems updated its FY 2019 guidance to $-2–1.65 EPS and its FY19 guidance to $(2.00)-(1.65) EPS.
Shares of NYSE CYH traded down $0.03 during trading on Monday, hitting $1.91. The company had a trading volume of 2,727,699 shares, compared to its average volume of 2,113,120. The firm’s fifty day simple moving average is $2.41. Community Health Systems has a fifty-two week low of $1.81 and a fifty-two week high of $5.35. The firm has a market capitalization of $220.77 million, a price-to-earnings ratio of -0.98 and a beta of 2.43.
Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of Community Health Systems from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Barclays set a $3.00 target price on shares of Community Health Systems and gave the company a “sell” rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $3.55.
About Community Health Systems
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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