Community Health Systems (NYSE:CYH) Issues Quarterly Earnings Results

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

Community Health Systems Price Performance

Shares of CYH traded down $0.14 during trading hours on Friday, hitting $2.77. 7,086,531 shares of the company were exchanged, compared to its average volume of 2,887,075. The company has a market capitalization of $387.95 million, a PE ratio of -1.86 and a beta of 2.06. The firm has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.20. Community Health Systems has a one year low of $2.24 and a one year high of $6.29.

Wall Street Analyst Weigh In

A number of research analysts have commented on CYH shares. Barclays reduced their target price on Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their target price on Community Health Systems from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday. Guggenheim initiated coverage on Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Wells Fargo & Company reiterated an "underweight" rating and set a $3.50 price target (up from $2.00) on shares of Community Health Systems in a research report on Thursday, May 29th. Finally, Truist Financial increased their price target on Community Health Systems from $3.50 to $4.25 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.92.

Institutional Investors Weigh In On Community Health Systems

A hedge fund recently raised its stake in Community Health Systems stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Community Health Systems, Inc. (NYSE:CYH - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,987 shares of the company's stock after purchasing an additional 3,204 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Community Health Systems worth $202,000 at the end of the most recent reporting period. Institutional investors own 84.99% of the company's stock.

About Community Health Systems

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.