Community Health Systems (NYSE:CYH) Announces Quarterly Earnings Results

Community Health Systems (NYSE:CYH) posted its quarterly earnings results on Wednesday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09), Zacks reports. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.89 billion. Community Health Systems had a negative return on equity of 7.62% and a net margin of 3.78%.The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. Community Health Systems updated its FY 2026 guidance to -1.250–1.100 EPS.

Community Health Systems Price Performance

Shares of CYH opened at $3.22 on Thursday. Community Health Systems has a 12 month low of $2.38 and a 12 month high of $4.43. The stock’s 50-day moving average is $3.12 and its two-hundred day moving average is $3.14. The stock has a market cap of $454.33 million, a PE ratio of 0.94 and a beta of 1.81.

Wall Street Analyst Weigh In

CYH has been the topic of several recent research reports. Truist Financial upped their price objective on Community Health Systems from $3.00 to $3.75 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research cut shares of Community Health Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Community Health Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Barclays set a $2.50 price objective on shares of Community Health Systems in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of “Reduce” and an average price target of $3.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CYH. Royal Bank of Canada lifted its holdings in Community Health Systems by 601.9% during the 4th quarter. Royal Bank of Canada now owns 9,286 shares of the company’s stock worth $29,000 after buying an additional 7,963 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Community Health Systems during the fourth quarter worth $34,000. Quarry LP bought a new position in shares of Community Health Systems in the 3rd quarter worth about $39,000. CIBC Bancorp USA Inc. acquired a new position in shares of Community Health Systems in the 3rd quarter valued at about $44,000. Finally, Oxford Asset Management LLP acquired a new stake in Community Health Systems during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc (NYSE: CYH) is one of the largest publicly traded hospital operators in the United States. Headquartered in Franklin, Tennessee, the company owns, leases and manages general acute care hospitals and outpatient facilities, primarily in non-urban and mid-market communities. CHS is focused on delivering locally accessible healthcare services through its network of affiliated hospitals, clinics and post-acute providers.

The company’s core offerings include inpatient medical and surgical care, emergency services, critical care, diagnostic imaging and laboratory testing.