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

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

Tenet Healthcare Corp (NYSE:THC) announced its quarterly earnings results on Monday, November, 4th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.30. The firm earned $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. Tenet Healthcare had a negative net margin of 1.31% and a positive return on equity of 35.68%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. View Tenet Healthcare's Earnings History.

Tenet Healthcare is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for Tenet Healthcare.

Tenet Healthcare updated its fourth quarter earnings guidance on Monday, November, 4th. The company provided EPS guidance of $0.57-1.23 for the period, compared to the Thomson Reuters consensus estimate of $0.98. The company issued revenue guidance of $4.678-4.878 billion, compared to the consensus revenue estimate of $4.70 billion.

11 brokers have issued 12-month price targets for Tenet Healthcare's shares. Their forecasts range from $20.00 to $53.00. On average, they anticipate Tenet Healthcare's share price to reach $33.92 in the next year. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for Tenet Healthcare.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenet Healthcare in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tenet Healthcare.

News stories about THC stock have been trending somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tenet Healthcare earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Tenet Healthcare.

Tenet Healthcare saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 8,650,000 shares, a decline of 6.7% from the December 15th total of 9,270,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 8.2 days. Approximately 8.5% of the company's shares are short sold. View Tenet Healthcare's Current Options Chain.

Some companies that are related to Tenet Healthcare include HCA Healthcare (HCA), Universal Health Services (UHS), Select Medical (SEM), Acadia Healthcare (ACHC), The Ensign Group (ENSG), U.S. Physical Therapy (USPH), National HealthCare (NHC), Brookdale Senior Living (BKD), Hanger (HNGR), Community Health Systems (CYH), Capital Senior Living (CSU), Five Star Senior Living (FVE) and Encompass Health (EHC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tenet Healthcare investors own include Micron Technology (MU), Netflix (NFLX), General Electric (GE), Alibaba Group (BABA), Advanced Micro Devices (AMD), Starbucks (SBUX), Bank of America (BAC), Delta Air Lines (DAL), Walt Disney (DIS) and NVIDIA (NVDA).

Tenet Healthcare's stock is owned by many different of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (0.38%), Hennessy Advisors Inc. (0.09%), Arizona State Retirement System (0.06%), Strs Ohio (0.04%), Convergence Investment Partners LLC (0.03%) and State of Michigan Retirement System (0.03%). Company insiders that own Tenet Healthcare stock include Ashish Dave, Audrey T Andrews, Edward A Kangas, George Fredrick Smitherman and Glenview Capital Management, L. View Institutional Ownership Trends for Tenet Healthcare.

THC stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Arizona State Retirement System, Hennessy Advisors Inc., James Investment Research Inc. and State of Alaska Department of Revenue. Company insiders that have sold Tenet Healthcare company stock in the last year include Audrey T Andrews and Edward A Kangas. View Insider Buying and Selling for Tenet Healthcare.

THC stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Convergence Investment Partners LLC, Meridian Wealth Management LLC, Assenagon Asset Management S.A., Sciencast Management LP, Wedbush Securities Inc., Cerebellum GP LLC and State of Michigan Retirement System. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of THC stock can currently be purchased for approximately $34.20.

Tenet Healthcare has a market capitalization of $3.55 billion and generates $18.31 billion in revenue each year. The company earns $111 million in net income (profit) each year or $1.86 on an earnings per share basis. Tenet Healthcare employs 115,500 workers across the globe.View Additional Information About Tenet Healthcare.

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

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]