Community Health Systems, Inc. (NYSE:CYH) posted its quarterly earnings data on Tuesday. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.31, Bloomberg Earnings reports. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Community Health Systems updated its FY17 guidance to ($0.30)-$0.40 EPS.
Community Health Systems (NYSE:CYH) traded down 3.78% during trading on Tuesday, hitting $6.88. 4,342,700 shares of the company’s stock were exchanged. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $13.28. The company’s market cap is $789.07 million. The firm has a 50 day moving average price of $9.13 and a 200 day moving average price of $8.69.
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Several analysts have recently weighed in on CYH shares. Vetr upgraded shares of Community Health Systems from a “strong sell” rating to a “sell” rating and set a $7.83 price objective on the stock in a research report on Monday, April 3rd. Deutsche Bank AG started coverage on shares of Community Health Systems in a research report on Wednesday, April 5th. They set a “hold” rating and a $11.00 price objective on the stock. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. Morgan Stanley started coverage on shares of Community Health Systems in a research report on Tuesday, June 6th. They set an “underweight” rating and a $9.50 price objective on the stock. Finally, BidaskClub upgraded shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.68.
Community Health Systems Company Profile
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
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