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$1.10 Earnings Per Share Expected for Tenet Healthcare Co. (NYSE:THC) This Quarter

nickymay by nickymay
June 24, 2021
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Tenet Healthcare logoWall Avenue analysts count on Tenet Healthcare Co. (NYSE:THC) to announce earnings of $1.10 per share for the present quarter, in keeping with Zacks. 5 analysts have issued estimates for Tenet Healthcare’s earnings. The bottom EPS estimate is $0.94 and the best is $1.27. Tenet Healthcare posted earnings per share of $1.26 throughout the identical quarter final yr, which signifies a unfavourable yr over yr progress charge of 12.7%. The enterprise is anticipated to difficulty its subsequent earnings report on Monday, August 2nd.

On common, analysts count on that Tenet Healthcare will report full-year earnings of $5.22 per share for the present yr, with EPS estimates starting from $4.80 to $5.67. For the following fiscal yr, analysts count on that the enterprise will report earnings of $5.56 per share, with EPS estimates starting from $5.23 to $6.47. Zacks Funding Analysis’s earnings per share calculations are a imply common primarily based on a survey of analysts that cowl Tenet Healthcare.

Tenet Healthcare (NYSE:THC) final posted its quarterly earnings information on Monday, April nineteenth. The corporate reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.50. Tenet Healthcare had a internet margin of two.25% and a return on fairness of 65.38%. The corporate had income of $4.78 billion throughout the quarter, in comparison with analyst estimates of $4.73 billion. Throughout the identical quarter final yr, the agency posted $1.28 EPS. The enterprise’s income for the quarter was up 5.8% on a year-over-year foundation.

A lot of analysis corporations have commented on THC. Truist Securities upped their worth goal on shares of Tenet Healthcare from $56.00 to $60.00 in a analysis be aware on Thursday, April twenty second. Royal Financial institution of Canada upped their worth goal on shares of Tenet Healthcare from $57.00 to $66.00 and gave the corporate an “outperform” ranking in a analysis be aware on Thursday, April twenty second. The Goldman Sachs Group started protection on shares of Tenet Healthcare in a analysis be aware on Monday, Might third. They set a “purchase” ranking for the corporate. Mizuho upped their worth goal on shares of Tenet Healthcare from $55.00 to $70.00 and gave the corporate a “purchase” ranking in a analysis be aware on Wednesday, Might fifth. Lastly, Truist elevated their worth goal on shares of Tenet Healthcare from $56.00 to $60.00 in a analysis report on Thursday, April twenty second. One analysis analyst has rated the inventory with a promote ranking, three have assigned a maintain ranking and 9 have assigned a purchase ranking to the inventory. The inventory has a mean ranking of “Purchase” and a mean goal worth of $56.18.

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NYSE:THC opened at $68.04 on Thursday. Tenet Healthcare has a twelve month low of $16.21 and a twelve month excessive of $70.75. The corporate has a debt-to-equity ratio of 14.86, a fast ratio of 1.28 and a present ratio of 1.36. The agency’s 50-day easy transferring common is $63.39. The corporate has a market cap of $7.27 billion, a price-to-earnings ratio of 18.24 and a beta of two.62.

In different information, Director Meghan Fitzgerald bought 6,153 shares of the agency’s inventory in a transaction on Monday, Might twenty fourth. The shares had been bought at a mean worth of $63.57, for a complete worth of $391,146.21. Following the sale, the director now owns 33,828 shares within the firm, valued at $2,150,445.96. The sale was disclosed in a submitting with the SEC, which is accessible at this hyperlink. Additionally, main shareholder Glenview Capital Administration, L bought 122,090 shares of the agency’s inventory in a transaction on Wednesday, April twenty first. The inventory was bought at a mean worth of $55.32, for a complete transaction of $6,754,018.80. The disclosure for this sale might be discovered here. Within the final quarter, insiders have bought 143,287 shares of firm inventory value $8,125,559. Company insiders personal 1.60% of the corporate’s inventory.

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A number of institutional buyers have lately made modifications to their positions in THC. FMR LLC grew its stake in shares of Tenet Healthcare by 13.7% within the first quarter. FMR LLC now owns 1,785,117 shares of the corporate’s inventory value $51,483,000 after buying an extra 215,600 shares over the past quarter. Cambridge Funding Analysis Advisors Inc. acquired a brand new stake in shares of Tenet Healthcare within the fourth quarter value $668,000. SG Americas Securities LLC lifted its place in Tenet Healthcare by 345.4% within the fourth quarter. SG Americas Securities LLC now owns 21,053 shares of the corporate’s inventory value $841,000 after buying an extra 16,326 shares throughout the interval. Swiss Nationwide Financial institution lifted its place in Tenet Healthcare by 0.4% within the fourth quarter. Swiss Nationwide Financial institution now owns 202,500 shares of the corporate’s inventory value $8,086,000 after buying an extra 800 shares throughout the interval. Lastly, BlackRock Inc. lifted its place in Tenet Healthcare by 2.5% within the fourth quarter. BlackRock Inc. now owns 12,191,094 shares of the corporate’s inventory value $486,790,000 after buying an extra 295,744 shares throughout the interval. Institutional buyers and hedge funds personal 90.30% of the corporate’s inventory.

Tenet Healthcare Firm Profile

Tenet Healthcare Company operates as a diversified healthcare companies firm. The corporate operates in three segments: Hospital Operations and Different, Ambulatory Care, and Conifer. Its basic hospitals supply acute care companies, working and restoration rooms, radiology and respiratory remedy companies, scientific laboratories, and pharmacies.

See Additionally: Special Dividends

Get a free copy of the Zacks research report on Tenet Healthcare (THC)

For extra details about analysis choices from Zacks Funding Analysis, go to Zacks.com

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

This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]

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