Tenet Healthcare Corporation (THC)
| 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]
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 StatementsAnalyst 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.
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.
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.
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.
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. ...
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 ...
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.
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?
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...
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...
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...
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...
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...
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...
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....
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.
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...
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.
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...
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.
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?
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...
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.
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...
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.
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.