FY2017 EPS Estimates for Tenet Healthcare Corp (THC) Increased by Analyst

Tenet Healthcare Corp (NYSE:THC) – William Blair increased their FY2017 EPS estimates for shares of Tenet Healthcare in a note issued to investors on Tuesday. William Blair analyst M. Larew now expects that the company will earn $0.65 per share for the year, up from their prior estimate of $0.63. William Blair currently has a “Market Perform” rating on the stock.

Other analysts also recently issued reports about the company. Citigroup upgraded Tenet Healthcare from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Jefferies Group restated a “buy” rating and issued a $24.00 price target on shares of Tenet Healthcare in a research note on Thursday, September 21st. Robert W. Baird restated a “buy” rating and issued a $23.00 price target on shares of Tenet Healthcare in a research note on Thursday, September 28th. Leerink Swann restated a “buy” rating and issued a $27.00 price target on shares of Tenet Healthcare in a research note on Wednesday, December 20th. Finally, Morgan Stanley decreased their price target on Tenet Healthcare from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Shares of Tenet Healthcare (NYSE:THC) opened at $16.38 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.28 and a debt-to-equity ratio of 21.21. Tenet Healthcare has a 12 month low of $12.25 and a 12 month high of $22.72. The firm has a market capitalization of $1,650.00, a P/E ratio of -2.98, a P/E/G ratio of 3.24 and a beta of 1.17.

Tenet Healthcare (NYSE:THC) last announced its earnings results on Friday, October 27th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.21. Tenet Healthcare had a negative return on equity of 5.61% and a negative net margin of 2.85%.

A number of hedge funds have recently modified their holdings of THC. King Street Capital Management L.P. acquired a new position in Tenet Healthcare during the third quarter worth $31,217,000. Davidson Kempner Capital Management LP acquired a new position in Tenet Healthcare during the second quarter worth $20,133,000. FMR LLC raised its holdings in Tenet Healthcare by 36.9% during the second quarter. FMR LLC now owns 3,724,713 shares of the company’s stock worth $72,036,000 after purchasing an additional 1,004,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Tenet Healthcare by 38.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,141,658 shares of the company’s stock worth $41,420,000 after purchasing an additional 596,526 shares during the last quarter. Finally, State Street Corp raised its holdings in Tenet Healthcare by 25.4% during the second quarter. State Street Corp now owns 2,926,533 shares of the company’s stock worth $56,603,000 after purchasing an additional 593,520 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://stocknewstimes.com/2018/01/18/fy2017-eps-estimates-for-tenet-healthcare-corp-thc-increased-by-analyst.html.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

Earnings History and Estimates for Tenet Healthcare (NYSE:THC)

Receive News & Ratings for Tenet Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply