NYSE:THC - Tenet Healthcare Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$22.43 +0.61 (+2.80 %)
(As of 11/21/2018 01:08 PM ET)
Previous Close$21.82
Today's Range$22.06 - $22.73
52-Week Range$12.45 - $39.74
Volume41,340 shs
Average Volume1.49 million shs
Market Capitalization$2.30 billion
P/E Ratio27.98
Dividend YieldN/A
Beta0.87
Tenet Healthcare Corporation operates as a diversified healthcare services company. It operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive and critical care, and coronary care units; physical therapy, orthopedic, oncology, and outpatient services; tertiary care services, including cardiothoracic surgery, neonatal intensive care, and neurosciences; quaternary care in heart, liver, kidney, and bone marrow transplants areas; tertiary and quaternary pediatric, and burn services; and limb-salvaging vascular procedures, acute level 1 trauma services, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, and telemedicine access for various medical specialties. In addition, the company operates ambulatory surgery and urgent care centers, imaging centers, and surgical hospitals, as well as Aspen's hospitals and clinics; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, as well as value-based care solutions to healthcare systems, individual hospitals, physician practices, self-insured organizations, health plans, and other entities. Further, it offers accounts receivable and health information management, and revenue integrity and patient financial services; patient communications and engagement services; and clinical integration, financial risk management, and population health management services. As of December 31, 2017, the company operated 76 hospitals, 20 surgical hospitals, and approximately 470 outpatient centers, as well as 247 ambulatory surgery, 34 urgent care, and 23 imaging centers in the United States; and 9 private hospitals and clinics in the United Kingdom. The company was founded in 1967 and is headquartered in Dallas, Texas.

Receive THC News and Ratings via Email

Sign-up to receive the latest news and ratings for THC and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry General medical & surgical hospitals
Sub-IndustryHealth Care Facilities
SectorMedical
Current SymbolNYSE:THC
Previous Symbol
CUSIP88033G40
Phone469-893-2200

Debt

Debt-to-Equity Ratio21.55
Current Ratio1.06
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio27.98
Forward P/E Ratio13.93
P/E Growth1.12

Sales & Book Value

Annual Sales$19.18 billion
Price / Sales0.12
Cash Flow$9.8811 per share
Price / Cash2.27
Book Value$6.42 per share
Price / Book3.49

Profitability

EPS (Most Recent Fiscal Year)$0.81
Net Income$-704,000,000.00
Net Margins-0.61%
Return on Equity47.38%
Return on Assets1.24%

Miscellaneous

Employees126,000
Outstanding Shares102,500,000
Market Cap$2.30 billion
OptionableOptionable

Tenet Healthcare (NYSE:THC) Frequently Asked Questions

What is Tenet Healthcare's stock symbol?

Tenet Healthcare trades on the New York Stock Exchange (NYSE) under the ticker symbol "THC."

How were Tenet Healthcare's earnings last quarter?

Tenet Healthcare Corp (NYSE:THC) released its quarterly earnings data on Monday, November, 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.37 billion. Tenet Healthcare had a negative net margin of 0.61% and a positive return on equity of 47.38%. Tenet Healthcare's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) EPS. View Tenet Healthcare's Earnings History.

When is Tenet Healthcare's next earnings date?

Tenet Healthcare is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for Tenet Healthcare.

What guidance has Tenet Healthcare issued on next quarter's earnings?

Tenet Healthcare updated its fourth quarter earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $0.10-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.54. The company issued revenue guidance of $4.420 -4.620 billion, compared to the consensus revenue estimate of $4.54 billion.Tenet Healthcare also updated its FY 2018 guidance to $1.44-1.83 EPS.

What price target have analysts set for THC?

16 analysts have issued 12 month price targets for Tenet Healthcare's shares. Their predictions range from $15.00 to $44.00. On average, they expect Tenet Healthcare's stock price to reach $31.1333 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View Analyst Price Targets for Tenet Healthcare.

What is the consensus analysts' recommendation for Tenet Healthcare?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenet Healthcare in the last year. There are currently 2 sell ratings, 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tenet Healthcare.

Has Tenet Healthcare been receiving favorable news coverage?

News articles about THC stock have trended very positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tenet Healthcare earned a news sentiment score of 3.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the stock's share price in the near future.

Who are some of Tenet Healthcare's key competitors?

Who are Tenet Healthcare's key executives?

Tenet Healthcare's management team includes the folowing people:
  • Mr. Ronald A. Rittenmeyer, Exec. Chairman & CEO (Age 71)
  • Mr. Daniel J. Cancelmi, Chief Financial Officer (Age 55)
  • Ms. Audrey T. Andrews, Sr. VP & Gen. Counsel (Age 51)
  • Mr. Keith B. Pitts, Vice Chairman (Age 60)
  • Mr. Jason Eric Evans, Pres of Hospital Operations (Age 41)

Who are Tenet Healthcare's major shareholders?

Tenet Healthcare's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Partner Fund Management L.P. (3.29%), Dimensional Fund Advisors LP (2.32%), Letko Brosseau & Associates Inc. (1.72%), Prudential Financial Inc. (1.65%), FMR LLC (0.93%) and Bank of New York Mellon Corp (0.91%). Company insiders that own Tenet Healthcare stock include Ashish Dave and George Fredrick Smitherman. View Institutional Ownership Trends for Tenet Healthcare.

Which institutional investors are selling Tenet Healthcare stock?

THC stock was sold by a variety of institutional investors in the last quarter, including Partner Fund Management L.P., Columbus Circle Investors, Morgan Stanley, Prudential Financial Inc., Letko Brosseau & Associates Inc., Chicago Equity Partners LLC, Bank of New York Mellon Corp and Wells Fargo & Company MN. Company insiders that have sold Tenet Healthcare company stock in the last year include Ashish Dave and George Fredrick Smitherman. View Insider Buying and Selling for Tenet Healthcare.

Which institutional investors are buying Tenet Healthcare stock?

THC stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Deutsche Bank AG, Putnam Investments LLC, AQR Capital Management LLC, Acadian Asset Management LLC, American Century Companies Inc., Man Group plc and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling for Tenet Healthcare.

How do I buy shares of Tenet Healthcare?

Shares of THC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tenet Healthcare's stock price today?

One share of THC stock can currently be purchased for approximately $22.64.

How big of a company is Tenet Healthcare?

Tenet Healthcare has a market capitalization of $2.30 billion and generates $19.18 billion in revenue each year. The company earns $-704,000,000.00 in net income (profit) each year or $0.81 on an earnings per share basis. Tenet Healthcare employs 126,000 workers across the globe.

What is Tenet Healthcare's official website?

The official website for Tenet Healthcare is http://www.tenethealth.com.

How can I contact Tenet Healthcare?

Tenet Healthcare's mailing address is 1445 ROSS AVENUE SUITE 1400, DALLAS TX, 75202. The company can be reached via phone at 469-893-2200 or via email at [email protected]


MarketBeat Community Rating for Tenet Healthcare (NYSE THC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  453 (Vote Outperform)
Underperform Votes:  588 (Vote Underperform)
Total Votes:  1,041
MarketBeat's community ratings are surveys of what our community members think about Tenet Healthcare and other stocks. Vote "Outperform" if you believe THC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe THC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2018 by MarketBeat.com Staff

Featured Article: Capital Gains

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel