Community Health Systems (CYH) Posts Quarterly Earnings Results, Misses Estimates By $0.51 EPS
Community Health Systems (NYSE:CYH) posted its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.00 by $0.51, Analyst Ratings Network.com reports. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Community Health Systems from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $39.90 price target on the stock. On a related note, analysts at Credit Suisse initiated coverage on shares of Community Health Systems in a research note on Friday, February 21st. They set an “outperform” rating and a $48.00 price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Community Health Systems from $41.00 to $45.00 in a research note on Thursday, February 20th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Community Health Systems presently has an average rating of “Buy” and a consensus price target of $51.35.
Community Health Systems (NYSE:CYH) opened at 41.19 on Thursday. Community Health Systems has a 52 week low of $36.52 and a 52 week high of $51.29. The stock has a 50-day moving average of $40.81 and a 200-day moving average of $41.13. The company has a market cap of $3.846 billion and a P/E ratio of 27.17.
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.
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