Community Health Systems (NYSE:CYH) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $-2–1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.7. The company issued revenue guidance of $12.9-13.2 billion, compared to the consensus revenue estimate of $12.95 billion.Community Health Systems also updated its FY19 guidance to $(2.00)-(1.65) EPS.
A number of research firms have issued reports on CYH. Zacks Investment Research cut Community Health Systems from a buy rating to a hold rating in a research note on Wednesday, April 24th. ValuEngine upgraded Community Health Systems from a hold rating to a buy rating in a research note on Thursday, August 1st. Finally, Barclays set a $3.00 target price on Community Health Systems and gave the company a sell rating in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Community Health Systems presently has an average rating of Hold and an average price target of $3.55.
CYH stock traded up $0.18 during mid-day trading on Tuesday, reaching $2.09. The company had a trading volume of 217,672 shares, compared to its average volume of 2,363,159. The firm has a market capitalization of $239.66 million, a PE ratio of -1.09 and a beta of 2.43. Community Health Systems has a one year low of $1.81 and a one year high of $5.35. The business has a 50-day moving average price of $2.41.
In related news, Director James S. Ely III bought 50,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $3.15 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the director now owns 136,320 shares of the company’s stock, valued at approximately $429,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 104,000 shares of company stock worth $332,680 over the last quarter. 4.50% of the stock is currently owned by company insiders.
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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