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NYSE:THCTenet Healthcare Stock Price, Forecast & News

$29.57
+0.45 (+1.55 %)
(As of 08/10/2020 12:18 PM ET)
Add
Compare
Today's Range
$29.32
Now: $29.57
$30.35
50-Day Range
$16.81
MA: $21.50
$29.45
52-Week Range
$10.00
Now: $29.57
$39.37
Volume35,833 shs
Average Volume1.89 million shs
Market Capitalization$3.12 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.48
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. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, and surgical hospitals; 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. As of December 31, 2018, the company operated 68 hospitals, 23 surgical hospitals, and approximately 475 outpatient centers, as well as 255 ambulatory surgery, 36 urgent care, and 23 imaging centers in the United States. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.
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Tenet Healthcare logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.21 out of 5 stars


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$18.48 billion
Cash Flow$11.42 per share
Book Value$4.65 per share

Profitability

Net Income$-232,000,000.00

Miscellaneous

Employees113,600
Market Cap$3.12 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$29.57
+0.45 (+1.55 %)
(As of 08/10/2020 12:18 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tenet Healthcare (NYSE:THC) Frequently Asked Questions

How has Tenet Healthcare's stock been impacted by COVID-19 (Coronavirus)?

Tenet Healthcare's stock was trading at $19.99 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, THC stock has increased by 48.5% and is now trading at $29.69.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Tenet Healthcare?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenet Healthcare in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Tenet Healthcare
.

When is Tenet Healthcare's next earnings date?

Tenet Healthcare is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Tenet Healthcare
.

How were Tenet Healthcare's earnings last quarter?

Tenet Healthcare Corp (NYSE:THC) released its quarterly earnings data on Monday, August, 3rd. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.71) by $1.97. The business earned $3.65 billion during the quarter, compared to the consensus estimate of $3.83 billion. Tenet Healthcare had a positive return on equity of 82.35% and a negative net margin of 0.28%. The firm's revenue for the quarter was down 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share.
View Tenet Healthcare's earnings history
.

What price target have analysts set for THC?

11 brokerages have issued 1 year price targets for Tenet Healthcare's stock. Their forecasts range from $22.00 to $33.00. On average, they expect Tenet Healthcare's share price to reach $28.45 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for Tenet Healthcare
.

Has Tenet Healthcare been receiving favorable news coverage?

Media stories about THC stock have trended very positive recently, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tenet Healthcare earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media coverage 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 immediate future.
View the latest news about Tenet Healthcare
.

Are investors shorting Tenet Healthcare?

Tenet Healthcare saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,890,000 shares, a drop of 5.9% from the July 15th total of 9,450,000 shares. Based on an average trading volume of 2,250,000 shares, the short-interest ratio is presently 4.0 days. Currently, 8.6% of the shares of the stock are short sold.
View Tenet Healthcare's Short Interest
.

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), Alibaba Group (BABA), Advanced Micro Devices (AMD), Delta Air Lines (DAL), Walt Disney (DIS), Netflix (NFLX), Bank of America (BAC), General Electric (GE), Starbucks (SBUX) and NVIDIA (NVDA).

Who are Tenet Healthcare's key executives?

Tenet Healthcare's management team includes the following 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)

What is Tenet Healthcare's stock symbol?

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

Who are Tenet Healthcare's major shareholders?

Tenet Healthcare's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (2.77%), Victory Capital Management Inc. (0.47%), LSV Asset Management (0.45%), Principal Financial Group Inc. (0.45%), Russell Investments Group Ltd. (0.28%) and Swiss National Bank (0.19%). Company insiders that own Tenet Healthcare stock include Audrey T Andrews, Daniel J Cancelmi, Edward A Kangas, Glenview Capital Management, L, Marie Quintana, Nadja West, Ronald A Rittenmeyer and Saumya Sutaria.
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 Mackay Shields LLC, HighTower Advisors LLC, Texas Permanent School Fund, Bowling Portfolio Management LLC, Strs Ohio, Essex Investment Management Co. LLC, Nisa Investment Advisors LLC, and US Bancorp DE. 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 activity for Tenet Healthcare
.

Which institutional 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., Victory Capital Management Inc., Assenagon Asset Management S.A., Principal Financial Group Inc., Hussman Strategic Advisors Inc., Russell Investments Group Ltd., Hancock Whitney Corp, and SG Americas Securities LLC. Company insiders that have bought Tenet Healthcare stock in the last two years include Daniel J Cancelmi, Glenview Capital Management, L, Marie Quintana, Nadja West, Ronald A Rittenmeyer, and Saumya Sutaria.
View insider buying and selling activity 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 $29.69.

How big of a company is Tenet Healthcare?

Tenet Healthcare has a market capitalization of $3.13 billion and generates $18.48 billion in revenue each year. The company earns $-232,000,000.00 in net income (profit) each year or $2.68 on an earnings per share basis. Tenet Healthcare employs 113,600 workers across the globe.

What is Tenet Healthcare's official website?

The official website for Tenet Healthcare is www.tenethealth.com.

How can I contact Tenet Healthcare?

Tenet Healthcare's mailing address is 14201 Dallas Parkway, DALLAS TX, 75254. The company can be reached via phone at 469-893-2200 or via email at [email protected]

This page was last updated on 8/10/2020 by MarketBeat.com Staff

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