Community Health Systems (CYH) Posts Quarterly Earnings, Beats Expectations By $0.03 EPS
Community Health Systems (NYSE:CYH) issued its quarterly earnings data on Thursday. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.03, AmericanBankingNews.com reports. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis.
Community Health Systems (NYSE:CYH) opened at 42.84 on Thursday. Community Health Systems has a 52-week low of $27.01 and a 52-week high of $51.29. The stock’s 50-day moving average is $42.06 and its 200-day moving average is $44.03. The company has a market cap of $3.992 billion and a P/E ratio of 18.67.
A number of research firms have recently commented on CYH. Analysts at Avondale Partners initiated coverage on shares of Community Health Systems in a research note to investors on Wednesday, October 23rd. They set an “outperform” rating on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Community Health Systems in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Community Health Systems from $60.00 to $62.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.75.
Community Health Systems, Inc, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.