Community Health Systems (NYSE:CYH) Releases FY20 Earnings Guidance

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Community Health Systems (NYSE:CYH) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $(1.30)-(0.60) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.29). The company issued revenue guidance of $12.40-12.80 billion, compared to the consensus revenue estimate of $12.67 billion.Community Health Systems also updated its FY 2020
After-Hours guidance to -1.3–0.6 EPS.

Shares of NYSE:CYH traded up $0.46 during trading on Friday, reaching $7.18. 11,018,437 shares of the stock traded hands, compared to its average volume of 3,215,786. The stock has a 50-day moving average of $4.00 and a two-hundred day moving average of $3.38. Community Health Systems has a 52-week low of $1.79 and a 52-week high of $7.47. The stock has a market cap of $566.83 million, a P/E ratio of -1.21 and a beta of 2.27.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.88. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company earned ($0.42) EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts predict that Community Health Systems will post -1.5 earnings per share for the current year.

A number of equities research analysts have recently commented on CYH shares. Zacks Investment Research upgraded shares of Community Health Systems from a hold rating to a strong-buy rating and set a $3.25 price target on the stock in a report on Friday, January 17th. ValuEngine cut shares of Community Health Systems from a hold rating to a sell rating in a report on Friday. SunTrust Banks cut their price target on shares of Community Health Systems from $4.00 to $3.50 and set a hold rating on the stock in a report on Wednesday, December 18th. Finally, Raymond James upgraded shares of Community Health Systems from an underperform rating to a market perform rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Community Health Systems currently has a consensus rating of Hold and a consensus price target of $3.63.

About Community Health Systems

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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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Earnings History and Estimates for Community Health Systems (NYSE:CYH)

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