Profile
Sector:
HealthcareIndustry:
Medical Care FacilitiesCountry:
United StatesIPO:
09 June 2000Website:
http://www.chs.netNext earnings report:
20 February 2025Last dividends:
13 December 2012Next dividends:
N/APrice
after hours | 35 min agoDividend
Analysts recommendations
Institutional Ownership
CYH Latest News
FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell ShorePoint Health Port Charlotte in Port Charlotte, Florida, certain assets of ShorePoint Health Punta Gorda, in Punta Gorda, Florida, and certain ancillary businesses related to such facilities to subsidiaries of Adventist Health System Sunbelt Healthcare Corporation (AdventHealth) for $265 million in cash, subjec.
Community Health Systems (CYH) reported earnings 30 days ago. What's next for the stock?
Community Health Systems reported a net loss of $(355m) in Q3, its worst performance in the last ten quarters, causing a >20% stock drop. Revenues slightly increased to $3.1bn but fell sequentially from $3.14bn, with operating income plummeting to $62m. The stock price remains up >65% on a 1-year basis despite the recent decline from >$5.5 to
CYH's third-quarter earnings suffer a setback due to lower admissions and patient days. Improved occupancy levels and reimbursement rates partially offset the negatives.
While the top- and bottom-line numbers for Community Health Systems (CYH) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Community Health Systems (CYH) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.33 per share a year ago.
Community Health Systems (CYH) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
With this move, CYH intends to streamline agent workload, which can result in more savings for the company.
CYH expects the acquisition from Carbon Health to be completed in the fourth quarter of 2024.
Community Health Systems (CYH) reported earnings 30 days ago. What's next for the stock?
What type of business is Community Health Systems?
Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It 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. The company also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, and direct-to-consumer virtual health visits. The company was incorporated in 1996 and is headquartered in Franklin, Tennessee.
What sector is Community Health Systems in?
Community Health Systems is in the Healthcare sector
What industry is Community Health Systems in?
Community Health Systems is in the Medical Care Facilities industry
What country is Community Health Systems from?
Community Health Systems is headquartered in United States
When did Community Health Systems go public?
Community Health Systems initial public offering (IPO) was on 09 June 2000
What is Community Health Systems website?
https://www.chs.net
Is Community Health Systems in the S&P 500?
No, Community Health Systems is not included in the S&P 500 index
Is Community Health Systems in the NASDAQ 100?
No, Community Health Systems is not included in the NASDAQ 100 index
Is Community Health Systems in the Dow Jones?
No, Community Health Systems is not included in the Dow Jones index
When was Community Health Systems the previous earnings report?
No data
When does Community Health Systems earnings report?
The next expected earnings date for Community Health Systems is 20 February 2025