Community Health Systems (NYSE:CYH) Releases Earnings Results, Misses Expectations By $0.10 EPS

Community Health Systems (NYSE:CYH - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10), Zacks reports. The business had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The firm's revenue was down .2% on a year-over-year basis. Community Health Systems updated its FY 2025 guidance to -0.400--0.100 EPS.

Community Health Systems Price Performance

Shares of NYSE:CYH traded down $0.14 during midday trading on Friday, reaching $2.77. 7,086,531 shares of the company's stock were exchanged, compared to its average volume of 3,258,186. The firm's 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.21. Community Health Systems has a fifty-two week low of $2.24 and a fifty-two week high of $6.29. The stock has a market cap of $387.96 million, a price-to-earnings ratio of -1.86 and a beta of 2.06.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Royal Bank Of Canada decreased their price target on shares of Community Health Systems from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Friday. Wells Fargo & Company reaffirmed an "underweight" rating and set a $3.50 price objective (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Barclays dropped their price target on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating for the company in a research note on Thursday. Finally, UBS Group reduced their target price on Community Health Systems from $3.50 to $3.20 and set a "neutral" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Community Health Systems has an average rating of "Hold" and a consensus target price of $3.74.

Institutional Investors Weigh In On Community Health Systems

An institutional investor recently raised its position in Community Health Systems stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,987 shares of the company's stock after acquiring an additional 3,204 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Community Health Systems worth $202,000 as of its most recent SEC filing. Institutional investors own 84.99% of the company's stock.

Community Health Systems Company Profile

Community Health Systems, Inc 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.