Tenet Healthcare Corp (NYSE:THC) – Equities research analysts at SunTrust Banks cut their Q4 2018 earnings per share estimates for Tenet Healthcare in a report released on Thursday. SunTrust Banks analyst D. Macdonald now expects that the company will post earnings of $0.96 per share for the quarter, down from their prior estimate of $1.10. SunTrust Banks has a “Hold” rating and a $15.00 price objective on the stock. SunTrust Banks also issued estimates for Tenet Healthcare’s Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.24 EPS and Q4 2019 earnings at $1.31 EPS.

A number of other equities analysts have also weighed in on THC. Royal Bank of Canada reaffirmed a “hold” rating and issued a $19.00 target price on shares of Tenet Healthcare in a research note on Monday, September 25th. Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of Tenet Healthcare in a research note on Thursday, September 28th. ValuEngine downgraded shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Credit Suisse Group assumed coverage on shares of Tenet Healthcare in a research note on Thursday, November 2nd. They set a “neutral” rating and a $15.00 price objective for the company. Finally, Jefferies Group restated a “buy” rating and set a $24.00 price objective on shares of Tenet Healthcare in a research note on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.50.

Shares of Tenet Healthcare (THC) traded up $0.82 during midday trading on Monday, reaching $16.25. 5,472,100 shares of the company were exchanged, compared to its average volume of 2,302,733. The firm has a market cap of $1,640.22, a price-to-earnings ratio of -2.95, a PEG ratio of 3.47 and a beta of 1.18. The company has a debt-to-equity ratio of 21.21, a quick ratio of 1.21 and a current ratio of 1.28. Tenet Healthcare has a 12-month low of $12.25 and a 12-month high of $22.72.

Tenet Healthcare (NYSE:THC) last announced its earnings results on Friday, October 27th. The company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.21. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%.

A number of large investors have recently modified their holdings of THC. King Street Capital Management L.P. acquired a new stake in Tenet Healthcare in the 3rd quarter valued at about $31,217,000. Davidson Kempner Capital Management LP acquired a new stake in Tenet Healthcare in the 2nd quarter valued at about $20,133,000. FMR LLC lifted its stake in Tenet Healthcare by 36.9% in the 2nd quarter. FMR LLC now owns 3,724,713 shares of the company’s stock valued at $72,036,000 after purchasing an additional 1,004,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tenet Healthcare by 38.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,141,658 shares of the company’s stock valued at $41,420,000 after purchasing an additional 596,526 shares during the last quarter. Finally, State Street Corp lifted its stake in Tenet Healthcare by 25.4% in the 2nd quarter. State Street Corp now owns 2,926,533 shares of the company’s stock valued at $56,603,000 after purchasing an additional 593,520 shares during the last quarter.

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Tenet Healthcare 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.

Earnings History and Estimates for Tenet Healthcare (NYSE:THC)

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