Tenet Healthcare Corporation (THC) to Release Quarterly Earnings on Monday
Tenet Healthcare Corporation (NYSE:THC) will announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter.
Tenet Healthcare Corporation (NYSE:THC) last posted its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, hitting analysts’ consensus estimates of ($0.17). The firm had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Tenet Healthcare Corporation had a negative return on equity of 5.11% and a negative net margin of 2.85%. The firm’s quarterly revenue was up 204.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, analysts expect Tenet Healthcare Corporation to post $0.82 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
Tenet Healthcare Corporation (THC) traded up 1.94% during mid-day trading on Monday, reaching $13.63. The company had a trading volume of 1,701,570 shares. The stock’s 50-day moving average is $15.19 and its 200 day moving average is $16.79. Tenet Healthcare Corporation has a 12 month low of $12.25 and a 12 month high of $22.72. The firm’s market capitalization is $1.37 billion.
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THC has been the topic of several recent analyst reports. Leerink Swann reissued an “outperform” rating and set a $30.00 price target (up from $23.00) on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Zacks Investment Research lowered Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, August 24th. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, September 28th. Finally, Citigroup Inc. reissued a “hold” rating and set a $16.00 price target on shares of Tenet Healthcare Corporation in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.33.
Tenet Healthcare Corporation Company Profile
Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.
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