Tenet Healthcare Corporation (THC)

NYSE: THC · IEX Real-Time Price · USD
96.13
-1.38 (-1.42%)
Apr 26, 2024, 4:00 PM EDT - Market closed
-1.42%
Market Cap 9.61B
Revenue (ttm) 20.56B
Net Income (ttm) 611.00M
Shares Out 100.00M
EPS (ttm) 5.71
PE Ratio 16.84
Forward PE 15.38
Dividend n/a
Ex-Dividend Date n/a
Volume 1,315,133
Open 95.00
Previous Close 97.51
Day's Range 92.01 - 97.26
52-Week Range 51.04 - 107.80
Beta 2.14
Analysts Strong Buy
Price Target 100.88 (+4.94%)
Earnings Date Apr 30, 2024

About THC

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. 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/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient... [Read more]

Sector Healthcare
CEO Dr. Saumya Sutaria M.D.
Employees 106,500
Stock Exchange NYSE
Ticker Symbol THC
Full Company Profile

Financial Performance

In 2023, THC's revenue was $20.56 billion, an increase of 6.18% compared to the previous year's $19.37 billion. Earnings were $611.00 million, an increase of 48.66%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for THC stock is "Strong Buy." The 12-month stock price forecast is $100.88, which is an increase of 4.94% from the latest price.

Price Target
$100.88
(4.94% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Tenet Completes Sale of Six Hospitals in California

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclo...

25 days ago - Business Wire

Tenet to Report its First Quarter 2024 Results on April 30th

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its first quarter 2024 results on Tuesday, April 30, 2024, no later than 6:00 a.m. Central Time (CT), to be followed by a...

4 weeks ago - Business Wire

Tenet to Sell Two Hospitals and Enter into a Revenue Cycle Services Partnership with Adventist Health

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Adventist Health for the sale of two Tenet hospitals and related operations in San Luis O...

2 months ago - Business Wire

Tenet to Participate in Barclays 26th Annual Global Healthcare Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the Barclays Global Healthcare Conference on Tuesday, March 12, 2024, beginning at 9:30 a.m. Eastern time. ...

2 months ago - Business Wire

Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today called for the redemption of all $2,100 million outstanding of its 4.875% Senior Secured First Lien Notes due 2026 (the “Notes”)...

2 months ago - Business Wire

Tenet Healthcare expects full-year profit above estimates on higher admissions

Tenet Healthcare Corp on Thursday forecast its annual profit above estimates after posting strong quarterly results, driven by higher admissions on the back of continued demand for non-urgent procedur...

2 months ago - Reuters

Tenet Reports Fourth Quarter and FY 2023 Results; Provides 2024 Financial Outlook

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter and year ended December 31, 2023. "Our businesses performed exceptionally well in ...

2 months ago - Business Wire

UCI Health Reaches Definitive Agreement to Acquire Four Southern California Hospitals From Tenet Healthcare Corporation

Acquisition of Tenet's Pacific Coast Network would expand unrestricted to healthcare for Orange County and beyond ORANGE, Calif. , Feb. 1, 2024 /PRNewswire/ -- The Regents of the University of Califor...

3 months ago - PRNewsWire

Tenet Advances Portfolio Transformation and Previews Strong 2023 Results

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that it has completed the sale of three of its hospitals and related operations in South Carolina to Novant Health for...

3 months ago - Business Wire

Tenet to Report its Fourth Quarter 2023 Results on February 8th

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its fourth quarter 2023 results on Thursday, February 8, 2024, no later than 6:00 a.m. Central Time (CT), to be followed ...

3 months ago - Business Wire

Tenet Healthcare Appoints Vineeta Agarwala to Board of Directors

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Vineeta Agarwala, M.D., PhD, to its Board of Directors, effective immediately. Dr. Agarwala will se...

4 months ago - Business Wire

Former Tenet Healthcare Market CEO, Jeffery M. Welch Joins PROXDIS Leadership.

BOCA RATON, Fla.--(BUSINESS WIRE)--PROXDIS, Inc., a healthcare technology company, pioneering a new era of collaboration between healthcare professionals and the medical device industry, proudly welco...

5 months ago - Business Wire

Tenet Healthcare to sell three of its hospitals to Novant Health

Shares of Tenet Healthcare Corp (NYSE: THC) are up 12% this morning after the healthcare services company said it will sell three of its hospitals in South Carolina to Novant Health. Details of Tenet-...

5 months ago - Invezz

Tenet Healthcare selling three hospitals in South Carolina to Novant Health

Tenet Healthcare Corp. THC, -0.87% said Friday it agreed to sell three hospitals and related operations in South Carolina for about $2.4 billion in cash to Novant Health. The deal's after-tax proceeds...

5 months ago - Market Watch

Novant Health to acquire three hospitals from Tenet Healthcare

Acquisition by Novant Health of Tenet hospitals and affiliated operations will bring expanded access to high-quality care in South Carolina WINSTON-SALEM, N.C. , Nov. 17, 2023 /PRNewswire/ -- Novant H...

5 months ago - PRNewsWire

Tenet Healthcare to Sell Three South Carolina Hospitals to Novant Health

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carol...

5 months ago - Business Wire

Tenet Healthcare lifts annual forecast as surgery volumes recover

Tenet Healthcare Corp on Monday raised its core-earnings forecast for the year following a strong third quarter, betting on a recovery in surgical procedures from pandemic lows and an improvement in c...

6 months ago - Reuters

Tenet Reports Third Quarter 2023 Results; Raises 2023 Outlook

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended September 30, 2023. "Sustained same facility revenue growth and effective co...

6 months ago - Business Wire

Tenet to Report its Third Quarter 2023 Results on October 30th

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its third quarter 2023 results after the market closes on Monday, October 30, 2023, to be followed by a conference call a...

7 months ago - Business Wire

As 75,000 Kaiser healthcare workers walk off the job, Tenet Healthcare could be next to face a strike

With 75,000 Kaiser Permanente healthcare workers striking this week, hospital stocks are under pressure, and industry giant Tenet Healthcare Corp. THC, -1.32% could be next to face a significant work ...

7 months ago - Market Watch

3 Buys and a bail: Stellantis, Disney, Tenet Healthcare & Wynn Resorts

Gina Sanchez, chief market strategist at Lido Advisors, joins ‘The Exchange' to share three buys and a bail, including; Stellantis, Disney, Tenet Healthcare and Wynn Resorts.

Other symbols: DISSTLAWYNN
7 months ago - CNBC Television

Tenet Healthcare Streamlines HR and Payroll Processes with Oracle

Leading health system and services platform selects Oracle Cloud HCM to automate manual processes and improve user experience LAS VEGAS , Sept. 18, 2023 /PRNewswire/ -- Oracle Health Conference -- Ten...

Other symbols: ORCL
7 months ago - PRNewsWire

Tenet Healthcare Appoints Senator Roy Blunt to Board of Directors

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Senator Roy Blunt to the Tenet Board of Directors, effective immediately. Senator Blunt will serve ...

9 months ago - Business Wire

Tenet Healthcare Names CEO Saum Sutaria as Chairman of the Board

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that its Board of Directors has elected Chief Executive Officer, Saum Sutaria, M.D., to assume the additional position...

9 months ago - Business Wire

Tenet Healthcare lifts profit forecast, bets on rebound in surgical procedures

Tenet Healthcare Corp on Monday raised its annual profit forecast after a strong second quarter, betting on a recovery in surgical procedure volumes, sending its shares up 3% in extended trading.

9 months ago - Reuters