Tenet Healthcare Corporation (THC)

NYSE: THC · IEX Real-Time Price · USD
59.42
+1.82 (3.16%)
Mar 31, 2023, 4:00 PM EDT - Market closed
3.16%
Market Cap 6.08B
Revenue (ttm) 19.37B
Net Income (ttm) 411.00M
Shares Out 102.27M
EPS (ttm) 3.79
PE Ratio 15.68
Forward PE 7.73
Dividend n/a
Ex-Dividend Date n/a
Volume 1,494,151
Open 57.97
Previous Close 57.60
Day's Range 57.97 - 59.47
52-Week Range 36.69 - 91.83
Beta 2.14
Analysts Buy
Price Target 74.29 (+25.03%)
Earnings Date Apr 19, 2023

About THC

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; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including ... [Read more]

Sector Healthcare
CEO Ronald Rittenmeyer
Employees 76,836
Stock Exchange NYSE
Ticker Symbol THC
Full Company Profile

Financial Performance

In 2022, THC's revenue was $19.37 billion, a decrease of -1.57% compared to the previous year's $19.68 billion. Earnings were $411.00 million, a decrease of -55.03%.

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for THC stock is "Buy." The 12-month stock price forecast is $74.29, which is an increase of 25.03% from the latest price.

Price Target
$74.29
(25.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Tenet Healthcare (THC) Jumps 14.9% YTD: More Growth Ahead?

Tenet Healthcare's (THC) focus on boosting USPI's network is positioning the company for expedited growth.

1 day ago - Zacks Investment Research

David Einhorn's hedge fund crushed the S&P 500 last year. These are the 3 stocks he's counting on for continued outperformance.

David Einhorn's Greenlight Capital returned 36.6% last year thanks to a combination of successful short bets and a portfolio of value-oriented stocks.

Other symbols: CEIXTECK
3 weeks ago - Business Insider

David Einhorn Sees 'Increasingly Difficult' Environment For Stocks, But He's Betting On These 3 'Ridiculously Inexpensive' Names - Tenet Healthcare (NYSE:THC)

Greenlight Capital's David Einhorn is far from bullish, but he sees massive opportunity in a few value names the market has forgotten about.

Other symbols: CEIXTECK
1 month ago - Benzinga

Tenet to Participate in Barclays Global Healthcare Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the Barclays Global Healthcare Conference on Tuesday, March 14, 2023, beginning at 9:30 a.m. Eastern time. ...

1 month ago - Business Wire

Greenlight sells off Intel and Rivian, adds Tenet, Funko

David Einhorn's Greenlight Capital Inc. cut its stake in Intel Corp. and opened new positions in Tenet Healthcare Corp. and bobblehead maker Funko Inc., among other investment decisions in the fourth ...

Other symbols: FNKOINTCRIVNBILIKDNWS
1 month ago - Market Watch

Tenet (THC) Q4 Earnings Beat on Ambulatory Care Strength

Tenet Healthcare's (THC) bottom line deteriorates due to higher operating expenses, partially offset by an improving Ambulatory Care segment.

1 month ago - Zacks Investment Research

Tenet Healthcare (THC) Beats Q4 Earnings and Revenue Estimates

Tenet (THC) delivered earnings and revenue surprises of 54.33% and 1.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Tenet Reports Fourth Quarter and FY 2022 Results; Provides 2023 Financial Outlook

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended December 31, 2022. "We closed the year with a strong fourth quarter and demo...

1 month ago - Business Wire

USPI and Providence Expand Partnership with a New Development Agreement

DALLAS--(BUSINESS WIRE)--United Surgical Partners International (USPI), the largest ambulatory surgery platform in the country and a subsidiary of Tenet Healthcare (NYSE: THC), and Providence, a not-f...

1 month ago - Business Wire

USPI Facilities Recognized for Excellence in Patient Experience

DALLAS--(BUSINESS WIRE)--United Surgical Partners International (USPI), a subsidiary of Tenet Healthcare Corporation (NYSE: THC), announced today that 24 facilities were recognized by Press Ganey fo...

2 months ago - Business Wire

Tenet Anticipates Beating Midpoint of Latest 2022 Outlook; Announces Key Leadership Updates

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) announced today that it expects to exceed the midpoint of its latest FY22 Adjusted EBITDA Outlook range included in its thir...

2 months ago - Business Wire

Investors Should Watch These 4 Hospital Stocks Despite Headwinds

Rising costs amid inflationary pressures are trimming margins for the Zacks Medical-Hospital industry players. Yet, HCA Healthcare (HCA), Universal Health (UHS), Acadia Healthcare (ACHC) and Tenet Hea...

Other symbols: ACHCHCAUHS
2 months ago - Zacks Investment Research

Tenet to Report its Fourth Quarter 2022 Results on February 9th

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its fourth quarter 2022 results on Thursday, February 9, 2023, no later than 6:00 a.m. Central Time (CT), to be followe...

2 months ago - Business Wire

Tenet to Participate in BofA Securities 2022 Leveraged Finance Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the BofA Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022, beginning at 8:10 a....

4 months ago - Business Wire

Tenet Healthcare (THC) Q3 Earnings Beat, Down Y/Y, Shares Drop

Tenet Healthcare's (THC) third-quarter results reflect a dismal performance of the Hospital Operations and Other segment as well as continued pressure on patient volumes from the pandemic.

5 months ago - Zacks Investment Research

4 Stocks Navigating Through Hospital Industry Headwinds (Revised)

Increasing expenses amid inflation is shrinking margins for the Zacks Medical-Hospital industry players. However, HCA Healthcare (HCA), Acadia Healthcare (ACHC), Universal Health (UHS) and Tenet Healt...

Other symbols: ACHCHCAUHS
5 months ago - Zacks Investment Research

Tenet to Participate in Credit Suisse Healthcare Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the Credit Suisse 31st Annual Healthcare Conference on Tuesday, November 8, 2022, beginning at 11:00 a.m.

5 months ago - Business Wire

This healthcare stock is down 30% on Friday: explained here

Tenet Healthcare Corp (NYSE: THC) crashed a 52-week low on Friday after reporting a weak Q3 and lowering its outlook for the full financial year. Tenet to buyback shares On the plus side, the healthca...

5 months ago - Invezz

Hospital stocks tumble after HCA and Tenet's latest earnings fall short of expectations

Hospital stocks plunged in trading on Friday after two leading hospital companies — HCA Healthcare Inc. and Tenet Healthcare Corp. — failed to meet investor expectations for the third quarter.

Other symbols: HCA
5 months ago - Market Watch

Tenet Healthcare (THC) Beats Q3 Earnings and Revenue Estimates

Tenet (THC) delivered earnings and revenue surprises of 12.50% and 0.04%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Tenet Healthcare stock drops more than 20% on poor outlook

Tenet Healthcare Corp. THC, -0.26% shares dropped in the extended session Thursday after the hospital operator forecast an outlook that came up short of Wall Street expectations while announcing a sha...

5 months ago - Market Watch

Tenet Reports Third Quarter 2022 Results; Announces $1 Billion Share Repurchase Program

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended September 30, 2022.

5 months ago - Business Wire

4 Stocks Navigating Through Hospital Industry Headwinds

Increasing expenses amid inflation is shrinking margins for the Zacks Medical-Hospital industry players. However, HCA Healthcare (HCA), Acadia Healthcare (ACHC), Universal Health (UHS) and Tenet Healt...

Other symbols: ACHCHCAUHS
5 months ago - Zacks Investment Research

Why Tenet Healthcare (THC) Might Surprise This Earnings Season

Tenet Healthcare (THC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

5 months ago - Zacks Investment Research

Tenet Healthcare (THC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Tenet (THC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research