Wall 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.
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.
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.
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