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Tenet Healthcare Stock Price, Forecast & Analysis (NYSE:THC)

$30.80
+0.25 (+0.82 %)
(As of 11/19/2019 03:27 AM ET)
Today's Range
$30.30
Now: $30.80
$31.11
50-Day Range
$19.97
MA: $25.18
$30.59
52-Week Range
$16.60
Now: $30.80
$31.64
Volume1.06 million shs
Average Volume1.49 million shs
Market Capitalization$3.20 billion
P/E Ratio16.56
Dividend YieldN/A
Beta1.66
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; physical therapy, orthopedic, oncology, and outpatient services; cardiothoracic surgery, neonatal intensive care, and neurosurgery services; 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. Read More…

Industry, Sector and Symbol

Industry General medical & surgical hospitals
Sub-IndustryHealth Care Facilities
SectorMedical
CUSIP88033G40
Phone469-893-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.31 billion
Cash Flow$10.58 per share
Book Value$4.71 per share

Profitability

Net Income$111 million

Miscellaneous

Employees115,500
Market Cap$3.20 billion
Next Earnings Date2/24/2020 (Estimated)
OptionableOptionable

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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) issued its earnings results on Monday, November, 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.30. The company earned $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. Tenet Healthcare had a positive return on equity of 35.68% and a negative net margin of 1.31%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 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 24th 2020. View Earnings Estimates for Tenet Healthcare.

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

Tenet Healthcare issued an update on 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.

What price target have analysts set for THC?

12 brokerages have issued 12 month price objectives for Tenet Healthcare's shares. Their forecasts range from $20.00 to $47.00. On average, they expect Tenet Healthcare's stock price to reach $30.42 in the next twelve months. This suggests that the stock has a possible downside of 1.2%. View Analyst Price Targets for Tenet Healthcare.

What is the consensus analysts' recommendation for Tenet Healthcare?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenet Healthcare in the last year. There are currently 8 hold ratings and 4 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 extremely negative this week, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tenet Healthcare earned a news impact score of -4.6 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Tenet Healthcare.

Are investors shorting Tenet Healthcare?

Tenet Healthcare saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 11,730,000 shares, a decrease of 7.6% from the September 30th total of 12,700,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is presently 8.7 days. Approximately 11.5% of the company's stock are sold short. View Tenet Healthcare's Current Options Chain.

Who are some of Tenet Healthcare's key competitors?

What other stocks do shareholders of Tenet Healthcare own?

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

Who are Tenet Healthcare's key executives?

Tenet Healthcare's management team includes the folowing people:
  • Mr. Ronald A. Rittenmeyer, Exec. Chairman & CEO (Age 72)
  • Mr. Daniel J. Cancelmi, Chief Financial Officer (Age 56)
  • Ms. Audrey T. Andrews, Sr. VP & Gen. Counsel (Age 52)
  • Mr. Keith B. Pitts, Vice Chairman (Age 61)
  • Mr. Saumya Sutaria M.D., Chief Operating Officer (Age 46)

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 Letko Brosseau & Associates Inc. (2.39%), Sector Gamma AS (0.42%), Rhumbline Advisers (0.30%), Gabelli Funds LLC (0.25%), California Public Employees Retirement System (0.19%) and Massachusetts Financial Services Co. MA (0.15%). Company insiders that own Tenet Healthcare stock include Ashish Dave, Edward A Kangas, George Fredrick Smitherman and Glenview Capital Management, L. View Institutional Ownership Trends for Tenet Healthcare.

Which major investors are selling Tenet Healthcare stock?

THC stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, First Trust Advisors LP, Russell Investments Group Ltd., Synovus Financial Corp, Systematic Financial Management LP, Janney Montgomery Scott LLC, James Investment Research Inc. and Tower Research Capital LLC TRC . View Insider Buying and Selling for Tenet Healthcare.

Which major investors are buying Tenet Healthcare stock?

THC stock was acquired by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Gabelli Funds LLC, Sector Gamma AS, Mackay Shields LLC, California Public Employees Retirement System, Pacer Advisors Inc., Rhumbline Advisers and Retirement Systems of Alabama. Company insiders that have bought Tenet Healthcare stock in the last two years include George Fredrick Smitherman and Glenview Capital Management, L. 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, Robinhood, Fidelity and Charles Schwab.

What is Tenet Healthcare's stock price today?

One share of THC stock can currently be purchased for approximately $30.80.

How big of a company is Tenet Healthcare?

Tenet Healthcare has a market capitalization of $3.20 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.

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:  512 (Vote Outperform)
Underperform Votes:  673 (Vote Underperform)
Total Votes:  1,185
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 11/19/2019 by MarketBeat.com Staff

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