Community Health Systems (NYSE:CYH) Releases FY19 Earnings Guidance

Community Health Systems (NYSE:CYH) updated its FY19 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $(2.00)-(1.65) for the period, compared to the Thomson Reuters consensus estimate of ($1.70). The company issued revenue guidance of $12.90-13.20 billion, compared to the consensus revenue estimate of $12.96 billion.Community Health Systems also updated its FY 2019 guidance to $-2–1.65 EPS.

A number of research firms recently issued reports on CYH. ValuEngine raised Community Health Systems from a hold rating to a buy rating in a report on Thursday, August 1st. Zacks Investment Research cut Community Health Systems from a buy rating to a hold rating in a report on Wednesday, April 24th. Finally, Barclays set a $3.00 price target on Community Health Systems and gave the company a sell rating in a report on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Community Health Systems currently has an average rating of Hold and a consensus target price of $3.55.

Shares of Community Health Systems stock traded up $0.28 during trading on Tuesday, reaching $2.19. The company’s stock had a trading volume of 5,489,796 shares, compared to its average volume of 2,136,812. The firm has a market capitalization of $239.66 million, a PE ratio of -1.13 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 stock has a 50-day moving average of $2.40.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.47) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.05. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.20 billion. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. Equities analysts anticipate that Community Health Systems will post -1.64 earnings per share for the current fiscal year.

In related news, Director James S. Ely III bought 50,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $162,500.00. Following the transaction, the director now owns 136,320 shares of the company’s stock, valued at $443,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 104,000 shares of company stock valued at $332,680 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Community Health Systems Company Profile

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.

Further Reading: Cost of Goods Sold (COGS)

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

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