Tenet Healthcare (THC) Scheduled to Post Quarterly Earnings on Monday

Tenet Healthcare (NYSE:THC) is scheduled to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings data on Monday, February 25th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.24 by $0.27. Tenet Healthcare had a return on equity of 30.43% and a net margin of 0.61%. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the company earned $1.40 earnings per share. Tenet Healthcare’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts expect Tenet Healthcare to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of THC opened at $23.41 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.12 and a debt-to-equity ratio of 21.32. Tenet Healthcare has a 12 month low of $16.60 and a 12 month high of $39.74. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.83.

THC has been the topic of several research analyst reports. Raymond James raised their price objective on Tenet Healthcare from $37.00 to $47.00 in a report on Wednesday, February 27th. Citigroup raised their price objective on Tenet Healthcare from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Mizuho reissued a “buy” rating and issued a $28.00 price objective on shares of Tenet Healthcare in a report on Monday, January 28th. Zacks Investment Research raised Tenet Healthcare from a “sell” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, January 15th. Finally, Stephens assumed coverage on Tenet Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $23.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $30.94.

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Tenet Healthcare Company Profile

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.

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Earnings History for Tenet Healthcare (NYSE:THC)

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