Community Health Systems (NYSE:CYH - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05, Briefing.com reports. Community Health Systems had a negative return on equity of 5.51% and a negative net margin of 1.07%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. Community Health Systems updated its FY 2024 guidance to -0.650--0.050 EPS.
Community Health Systems Price Performance
NYSE CYH traded up $0.22 on Thursday, hitting $3.25. The company had a trading volume of 4,951,175 shares, compared to its average volume of 2,080,406. The company's fifty day moving average price is $3.09 and its 200-day moving average price is $3.05. The company has a market capitalization of $451.69 million, a PE ratio of -3.12 and a beta of 1.52. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.53.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Barclays assumed coverage on Community Health Systems in a report on Wednesday, March 6th. They issued an "equal weight" rating and a $3.00 price objective for the company. StockNews.com upgraded shares of Community Health Systems from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Oppenheimer decreased their price objective on shares of Community Health Systems from $5.50 to $4.50 and set an "outperform" rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $4.00.
Check Out Our Latest Stock Report on CYH
About Community Health Systems
(
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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.
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