Community Health Systems, Inc. (NYSE:CYH) Scheduled to Post Quarterly Earnings on Tuesday
Community Health Systems, Inc. (NYSE:CYH) will be issuing its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Community Health Systems (NYSE:CYH) last released its earnings results on Monday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company earned $0.27 EPS. Community Health Systems’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, analysts expect Community Health Systems to post $0.33 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.
Community Health Systems, Inc. (NYSE CYH) opened at 9.68 on Tuesday. The firm’s market cap is $1.08 billion. The company’s 50 day moving average is $9.23 and its 200-day moving average is $8.64. Community Health Systems, Inc. has a 52-week low of $4.15 and a 52-week high of $13.46.
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Several brokerages recently issued reports on CYH. Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Vetr raised shares of Community Health Systems from a “sell” rating to a “hold” rating and set a $8.62 target price on the stock in a research note on Monday, April 10th. Deutsche Bank AG began coverage on shares of Community Health Systems in a research note on Wednesday, April 5th. They set a “hold” rating and a $11.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Community Health Systems in a research note on Tuesday, June 6th. They set an “underweight” rating and a $9.50 target price on the stock. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.62.
About Community Health Systems
Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.
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