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

Community Health Systems (NYSE:CYH) issued its quarterly earnings results on Wednesday. The company reported ($0.42) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.17, Bloomberg Earnings reports. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.38 billion. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.28) EPS. Community Health Systems updated its FY 2019 guidance to $-1.6–1.25 EPS.

CYH stock traded up $0.09 during midday trading on Wednesday, reaching $4.07. The company had a trading volume of 1,337,700 shares, compared to its average volume of 1,668,517. Community Health Systems has a 1 year low of $2.48 and a 1 year high of $6.28. The company has a market cap of $459.32 million, a price-to-earnings ratio of -3.39 and a beta of 2.51.

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Several brokerages recently commented on CYH. Cantor Fitzgerald reduced their price target on shares of 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. UBS Group began coverage on shares of Community Health Systems in a research report on Thursday, November 15th. They issued a “sell” rating and a $2.00 price target for the company. Zacks Investment Research downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, ValuEngine downgraded shares of Community Health Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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