Tenet Healthcare Corp (NYSE:THC) – Equities research analysts at William Blair lowered their FY2018 earnings estimates for shares of Tenet Healthcare in a report released on Tuesday. William Blair analyst M. Larew now anticipates that the company will post earnings per share of $0.87 for the year, down from their prior estimate of $1.17. William Blair currently has a “Market Perform” rating on the stock.

A number of other equities analysts also recently weighed in on THC. Jefferies Group reissued a “buy” rating and issued a $24.00 price target on shares of Tenet Healthcare in a report on Thursday, September 21st. Royal Bank of Canada reissued a “hold” rating and issued a $19.00 price target on shares of Tenet Healthcare in a report on Monday, September 25th. Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Tenet Healthcare in a report on Thursday, September 28th. SunTrust Banks set a $15.00 price target on shares of Tenet Healthcare and gave the stock a “hold” rating in a report on Sunday, October 15th. Finally, Credit Suisse Group initiated coverage on shares of Tenet Healthcare in a report on Thursday, November 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.50.

Shares of Tenet Healthcare (NYSE THC) traded up $0.18 during trading hours on Thursday, hitting $16.38. 1,865,800 shares of the company were exchanged, compared to its average volume of 2,285,191. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 21.21. The stock has a market cap of $1,650.00, a P/E ratio of -2.98, a P/E/G ratio of 3.23 and a beta of 1.17. Tenet Healthcare has a 52 week low of $12.25 and a 52 week high of $22.72.

Tenet Healthcare (NYSE:THC) last issued its quarterly 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%.

Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its stake in Tenet Healthcare by 67.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after acquiring an additional 3,161 shares during the period. Flinton Capital Management LLC raised its stake in Tenet Healthcare by 65.7% in the 2nd quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after acquiring an additional 3,128 shares during the period. Pentwater Capital Management LP bought a new stake in Tenet Healthcare in the 3rd quarter valued at about $164,000. Russell Investments Group Ltd. raised its stake in Tenet Healthcare by 182.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,525 shares of the company’s stock valued at $173,000 after acquiring an additional 6,800 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Tenet Healthcare in the 3rd quarter valued at about $183,000.

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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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