Community Health Systems, Inc. (NYSE:CYH) released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31, Bloomberg Earnings reports. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.14 billion. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. Community Health Systems’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Community Health Systems updated its FY17 guidance to ($0.30)-$0.40 EPS.
Community Health Systems (NYSE CYH) traded up 22.73% on Friday, hitting $7.45. 29,129,105 shares of the stock were exchanged. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.28. The company’s 50 day moving average is $8.52 and its 200 day moving average is $8.64. The stock’s market cap is $833.92 million.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a report on Friday, August 4th. Deutsche Bank AG lowered their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “sell” rating and set a $6.00 price target on shares of Community Health Systems in a report on Thursday, August 3rd. Finally, Mizuho reaffirmed a “neutral” rating and set a $7.00 price target (down from $7.50) on shares of Community Health Systems in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.02.
About Community Health Systems
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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