Community Health Systems (NYSE:CYH) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Community Health Systems (NYSE:CYH) issued its quarterly earnings results on Wednesday. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.19), FiscalAI reports. Community Health Systems had a negative return on equity of 6.66% and a net margin of 2.10%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. The business’s revenue was down 10.7% on a year-over-year basis.

Community Health Systems Price Performance

Community Health Systems stock opened at $2.65 on Thursday. The company has a market capitalization of $372.97 million, a price-to-earnings ratio of 1.43 and a beta of 1.88. The firm’s fifty day moving average price is $2.89 and its 200 day moving average price is $3.05. Community Health Systems has a 12-month low of $2.40 and a 12-month high of $4.33.

Insider Buying and Selling at Community Health Systems

In other Community Health Systems news, Director William Jennings sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $2.96, for a total transaction of $118,400.00. Following the completion of the sale, the director owned 38,468 shares in the company, valued at $113,865.28. The trade was a 50.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CYH. Weiss Ratings cut shares of Community Health Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 14th. Royal Bank Of Canada decreased their price target on shares of Community Health Systems from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. UBS Group cut their target price on Community Health Systems from $3.20 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Truist Financial reduced their price objective on Community Health Systems from $3.75 to $3.25 and set a “hold” rating for the company in a research note on Monday, July 27th. Finally, Barclays decreased their price target on Community Health Systems from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $2.96.

Community Health Systems Company Profile

Community Health Systems, Inc (NYSE: CYH) is a healthcare services company that owns, leases, and operates general acute-care hospitals and related healthcare facilities in the United States. The company focuses primarily on serving communities in small cities and non-urban markets, providing access to hospital-based and outpatient care.

Its services generally include emergency care, inpatient and outpatient treatment, surgery, diagnostic imaging, laboratory services, rehabilitation, and other clinical programs.