Community Health Systems (CYH) Announces Earnings Results, Beats Expectations By $0.17 EPS

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Community Health Systems (NYSE:CYH) released its earnings results on Wednesday. The company reported ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.17, Bloomberg Earnings reports. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.38 billion. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) EPS. Community Health Systems updated its FY 2019 guidance to $-1.6–1.25 EPS.

Shares of CYH stock opened at $4.49 on Friday. The company has a market capitalization of $473.28 million, a price-to-earnings ratio of -2.31 and a beta of 2.51. Community Health Systems has a fifty-two week low of $2.48 and a fifty-two week high of $6.28.

Several analysts have weighed in on CYH shares. ValuEngine downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded Community Health Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Cantor Fitzgerald lowered their price objective on Community Health Systems from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Finally, UBS Group started coverage on Community Health Systems in a research report on Thursday, November 15th. They issued a “sell” rating and a $2.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Community Health Systems presently has a consensus rating of “Hold” and a consensus price target of $3.50.

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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. 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.

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Earnings History for Community Health Systems (NYSE:CYH)

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