Community Health Systems (NYSE:CYH) Updates FY 2025 Earnings Guidance

Community Health Systems (NYSE:CYH - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.400--0.100 for the period, compared to the consensus earnings per share estimate of -0.276. The company issued revenue guidance of $12.3 billion-$12.6 billion, compared to the consensus revenue estimate of $12.4 billion.

Community Health Systems Stock Performance

Shares of CYH traded down $0.14 during midday trading on Friday, hitting $2.77. 7,086,531 shares of the company traded hands, compared to its average volume of 2,887,075. Community Health Systems has a 52 week low of $2.24 and a 52 week high of $6.29. The firm has a 50 day moving average of $3.59 and a 200-day moving average of $3.21. The stock has a market cap of $387.95 million, a price-to-earnings ratio of -1.86 and a beta of 2.06.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.10). The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.02 billion. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) earnings per share. Sell-side analysts predict that Community Health Systems will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CYH shares. Guggenheim started coverage on shares of Community Health Systems in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $3.00 target price (down from $4.25) on shares of Community Health Systems in a research report on Thursday. Barclays cut their price objective on shares of Community Health Systems from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Thursday. Truist Financial lifted their price objective on shares of Community Health Systems from $3.50 to $4.25 and gave the company a "hold" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $3.50 price objective (up from $2.00) on shares of Community Health Systems in a report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.92.

Institutional Trading of Community Health Systems

A hedge fund recently raised its stake in Community Health Systems stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Community Health Systems, Inc. (NYSE:CYH - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 about 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.