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

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$24.34 +1.16 (+5.00 %)
(As of 04/24/2019 06:31 AM ET)
Previous Close$23.18
Today's Range$23.25 - $24.78
52-Week Range$16.60 - $39.74
Volume2.19 million shs
Average Volume1.47 million shs
Market Capitalization$2.51 billion
P/E Ratio13.09
Dividend YieldN/A
Beta1.83
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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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$10.5368 per share
Book Value$6.70 per share

Profitability

Net Income$111 million

Miscellaneous

Employees115,500
Market Cap$2.51 billion
Next Earnings Date4/29/2019 (Confirmed)
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) issued its quarterly earnings results on Monday, February, 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.27. The firm had revenue of $4.62 billion for the quarter, compared to analysts' expectations of $4.50 billion. Tenet Healthcare had a return on equity of 30.43% and a net margin of 0.61%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 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, April 29th 2019. View Earnings Estimates for Tenet Healthcare.

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

Tenet Healthcare updated its FY19 earnings guidance on Monday, February, 25th. The company provided earnings per share (EPS) guidance of $2.08-2.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.94. The company issued revenue guidance of $18.0-18.4 billion, compared to the consensus revenue estimate of $18.07 billion.Tenet Healthcare also updated its FY 2019 guidance to $2.08-2.59 EPS.

What price target have analysts set for THC?

16 brokers have issued 1 year target prices for Tenet Healthcare's stock. Their forecasts range from $20.00 to $47.00. On average, they anticipate Tenet Healthcare's stock price to reach $31.3750 in the next year. This suggests a possible upside of 28.9% 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, 10 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 coverage about THC stock has trended neutral on Wednesday, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tenet Healthcare earned a coverage optimism score of 0.5 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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 General Electric (GE), Twitter (TWTR), Mattel (MAT), Alibaba Group (BABA), Ultra Clean (UCTT), General Motors (GM), Micron Technology (MU), Walt Disney (DIS), US Foods (USFD) and Netflix (NFLX).

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 Retirement Systems of Alabama (0.11%), Strs Ohio (0.04%), Meeder Asset Management Inc. (0.03%), Tibra Equities Europe Ltd (0.03%), First Hawaiian Bank (0.01%) and Financial Gravity Wealth Inc. (0.00%). 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 Strs Ohio. View Insider Buying and Selling for Tenet Healthcare.

Which institutional investors are buying Tenet Healthcare stock?

THC stock was purchased by a variety of institutional investors in the last quarter, including Tibra Equities Europe Ltd, Meeder Asset Management Inc., First Hawaiian Bank, Financial Gravity Wealth Inc. and Retirement Systems of Alabama. 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 $24.34.

How big of a company is Tenet Healthcare?

Tenet Healthcare has a market capitalization of $2.51 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.

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:  481 (Vote Outperform)
Underperform Votes:  628 (Vote Underperform)
Total Votes:  1,109
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 4/24/2019 by MarketBeat.com Staff

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