Community Health Systems (CYH) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.47. Analysts had a consensus of $0.56. The company posted revenue of $4590.00 million in the period, compared to analysts expectations of $4529.53 million. The company’s revenue was down -6.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Community Health Systems. Credit Suisse Initiated Community Health Systems on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $14.Community Health Systems was Downgraded by Morgan Stanley to ” Underweight” on May 24, 2016.
Community Health Systems closed down -0.34 points or -2.59% at $12.77 with 56,09,737 shares getting traded on Friday. Post opening the session at $12.92, the shares hit an intraday low of $12.3654 and an intraday high of $13.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 14, 2016, H Mitchell Jr Watson (director) sold 5,600 shares at $13.42 per share price. According to the SEC, on Feb 19, 2016, James S. Iii Ely (director) purchased 10,000 shares at $14.69 per share price. On Nov 5, 2015, John A Clerico (director) purchased 10,000 shares at $27.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Community Health Systems Inc. is a hospital company and an operator of acute care hospitals in communities across 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. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Company’s acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care emergency room general and specialty surgery critical care internal medicine obstetrics diagnostic psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.