Tenet Healthcare Corporation (THC)

NYSE: THC · IEX Real-Time Price · USD
67.01
-6.75 (-9.15%)
May 18, 2022 11:29 AM EDT - Market open
Market Cap7.22B
Revenue (ttm)19.62B
Net Income (ttm)957.00M
Shares Out107.72M
EPS (ttm)8.76
PE Ratio7.65
Forward PE10.70
Dividendn/a
Ex-Dividend Daten/a
Volume954,873
Open71.43
Previous Close73.76
Day's Range66.74 - 73.03
52-Week Range59.74 - 92.65
Beta2.42
AnalystsBuy
Price Target106.87 (+59.5%)
Earnings DateApr 20, 2022

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 ...

IndustryHealth Care Providers & Services
CEORonald Rittenmeyer
Employees76,836
Stock ExchangeNYSE
Ticker SymbolTHC
Full Company Profile

Financial Performance

In 2021, THC's revenue was $19.68 billion, an increase of 6.23% compared to the previous year's $18.52 billion. Earnings were $914.00 million, an increase of 129.07%.

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for THC stock is "Buy." The 12-month stock price forecast is 106.87, which is an increase of 59.48% from the latest price.

Price Target
$106.87
(59.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

7 Undervalued Stocks to Buy Before Investors Catch On

Wall Street has punished these companies and funds excessively this year, so we are sharing these undervalued stocks to catch near 2020 lows. The post 7 Undervalued Stocks to Buy Before Investors Catch ...

3 hours ago - InvestorPlace

Tenet to Participate in the Barclays High Yield Bond & Syndicated Loan Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the Barclays High Yield Bond & Syndicated Loan Conference on Wednesday, May 25, 2022, beginning at 10:30 a.m....

1 day ago - Business Wire

Tenet to Participate in BofA Securities 2022 Healthcare Conference

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the BofA Securities 2022 Healthcare Conference in Las Vegas, NV, on Tuesday, May 10, 2022, beginning at 1:40 ...

2 weeks ago - Business Wire

Tenet Reports Cybersecurity Incident

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) experienced a cybersecurity incident last week. The Company immediately suspended user access to impacted information technology applica...

3 weeks ago - Business Wire

Why This Analyst Thinks Tenet Healthcare's 'Q1 In Line On Solid Execution'

RBC Capital Markets views Tenet Healthcare Corp's (NYSE: THC) Q1 earnings in-line with expectations reflecting solid execution and labor cost management amid January omicron headwinds.  The analysts hav...

3 weeks ago - Benzinga

Tenet Healthcare (THC) Q1 Earnings Beat Mark, Surge Y/Y

Tenet Healthcare (THC) Q1 earnings gain from a healthy revenue stream, reduced expenses and operational efficiency.

3 weeks ago - Zacks Investment Research

Tenet Healthcare (THC) Tops Q1 Earnings and Revenue Estimates

Tenet (THC) delivered earnings and revenue surprises of 85.58% and 1.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Tenet Reports First Quarter 2022 Results; Retired over $800 Million of Debt to Date in 2022; Maintains 2022 Adjusted ...

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended March 31, 2022 (Q1'22). Tenet's results for Q1'22 versus the quarter ended Mar...

3 weeks ago - Business Wire

Can Tenet Healthcare (THC) Post Q1 Earnings Beat on Low Costs?

Tenet Healthcare's (THC) first-quarter 2022 results are likely to reflect an improvement in adjusted admissions and outpatient admissions.

4 weeks ago - Zacks Investment Research

Is a Surprise Coming for Tenet Healthcare (THC) This Earnings Season?

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

1 month ago - Zacks Investment Research

Tenet Healthcare (THC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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.

1 month ago - Zacks Investment Research

Final Trades: THC, PFE, NEM & KR

The final trades of the week. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Guy Adami, Bonawyn Eison and Jeff Mills.

Other symbols:KRNEMPFE
1 month ago - CNBC Television

Tenet to Report its First Quarter 2022 Results on April 20

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) plans to report results for its first quarter ending March 31, 2022, after the market closes on Wednesday, April 20, 2022. The company w...

1 month ago - Business Wire

Tenet Appoints Will McDowell to Lead Investor Relations

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Will McDowell as Vice President, Investor Relations. McDowell will join Tenet on March 31, 2022, afte...

1 month ago - Business Wire

Tenet Announces Amendment to its Credit Agreement

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that it has entered into an amendment to its existing senior secured revolving credit facility. The amendment has an eff...

2 months ago - Business Wire

Tenet Healthcare (THC) Up 55% in a Year: Is More Upside Left?

Growing revenues, strong performances exhibited by segments, numerous acquisitions and sturdy financial standing continue to drive Tenet Healthcare (THC).

2 months ago - Zacks Investment Research

Should Value Investors Pick Tenet Healthcare (THC) Stock Now?

Let's see if Tenet Healthcare Corporation (THC) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

2 months ago - Zacks Investment Research

Tenet (THC) Up 16.7% Since Last Earnings Report: Can It Continue?

Tenet (THC) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

4 Stocks to Watch From the Flourishing Hospital Industry

Rising patient volumes and the growing aging population are driving Zacks Medical-Hospital industry players' profits. HCA Healthcare, Universal Health, Tenet Healthcare and Mednax are poised to benefit ...

Other symbols:HCAMDUHS
2 months ago - Zacks Investment Research

Hospital Stocks Hovering Near 52-Week Highs Despite Market Volatility

Hospital Stocks Hovering Near 52-Week Highs Despite Market Volatility

Other symbols:HCA
2 months ago - Zacks Investment Research

Tenet to Participate in March 2022 Investor Conferences

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the following investor conferences during March 2022: Raymond James & Associates' Institutional Investors Con...

2 months ago - Business Wire

Tenet Healthcare (THC) Drops Plans to Spin Off Conifer Segment

Tenet Healthcare (THC) aborts its Conifer spin-off plan based on its solid business opportunities and strong pipeline prospects. It also reaffirmed its 2022 guidance.

2 months ago - Zacks Investment Research

Tenet Healthcare abandons plan to spin off Conifer Health subsidiary

Shares of Tenet Healthcare Corp. THC, +0.33% were indicated down more than 1% in Tuesday's premarket, after the health care services company said it will no longer pursue a spinoff of its Conifer Health...

2 months ago - Market Watch

Conifer to Remain Part of Tenet with Strong Path Forward

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) announced today that – based on ongoing shareholder value creation opportunities and improved business fundamentals – the Company will n...

2 months ago - Business Wire

Tenet Calls for Full Redemption of 7.500% Senior Secured First Lien Notes due 2025

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) yesterday called for the redemption of all of the $700 million aggregate principal amount outstanding of its 7.500% senior secured first...

3 months ago - Business Wire