Tenet Healthcare (THC) Set to Announce Quarterly Earnings on Wednesday

Tenet Healthcare (NYSE:THC) is scheduled to problem its quarterly earnings information after the market closes on Wednesday, July twenty first. Analysts anticipate the corporate to announce earnings of $1.10 per share for the quarter. Individuals concerned with collaborating within the firm’s earnings convention name can achieve this utilizing this link.

Tenet Healthcare (NYSE:THC) final posted its earnings outcomes on Monday, April nineteenth. The corporate reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.50. The agency had income of $4.78 billion throughout the quarter, in comparison with analysts’ expectations of $4.73 billion. Tenet Healthcare had a web margin of two.25% and a return on fairness of 65.38%. The corporate’s income was up 5.8% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the corporate earned $1.28 earnings per share. On common, analysts anticipate Tenet Healthcare to publish $5 EPS for the present fiscal 12 months and $6 EPS for the subsequent fiscal 12 months.

NYSE THC opened at $68.24 on Wednesday. The corporate has a debt-to-equity ratio of 14.86, a present ratio of 1.36 and a fast ratio of 1.28. The agency has a market capitalization of $7.29 billion, a PE ratio of 18.29 and a beta of two.61. The corporate has a 50 day easy shifting common of $66.58. Tenet Healthcare has a 12-month low of $18.20 and a 12-month excessive of $70.75.

In different Tenet Healthcare information, main shareholder Glenview Capital Administration, L bought 122,090 shares of the enterprise’s inventory in a transaction on Wednesday, April twenty first. The shares have been bought at a mean worth of $55.32, for a complete worth of $6,754,018.80. The sale was disclosed in a doc filed with the SEC, which is accessible by way of the SEC website. Additionally, insider R. Scott Ramsey bought 8,662 shares of the enterprise’s inventory in a transaction on Friday, Could 14th. The shares have been bought at a mean worth of $64.04, for a complete transaction of $554,714.48. The disclosure for this sale might be discovered here. Insiders bought a complete of 152,316 shares of firm inventory price $8,698,359 within the final three months. Insiders personal 1.60% of the corporate’s inventory.

Various analysis corporations have issued stories on THC. Credit score Suisse Group lifted their goal worth on shares of Tenet Healthcare from $58.00 to $71.00 and gave the corporate an “outperform” score in a analysis observe on Thursday, April twenty second. Seaport International Securities assumed protection on shares of Tenet Healthcare in a analysis observe on Friday, July ninth. They issued a “purchase” score and a $80.00 worth goal for the corporate. Mizuho boosted their worth goal on shares of Tenet Healthcare from $55.00 to $70.00 and gave the inventory a “purchase” score in a analysis observe on Wednesday, Could fifth. The Goldman Sachs Group assumed protection on shares of Tenet Healthcare in a analysis observe on Monday, Could third. They issued a “purchase” score for the corporate. Lastly, Seaport Res Ptn restated a “purchase” score on shares of Tenet Healthcare in a analysis observe on Friday, July ninth. One analyst has rated the inventory with a promote score, three have issued a maintain score and eleven have assigned a purchase score to the corporate. Tenet Healthcare presently has a consensus score of “Purchase” and a mean goal worth of $57.50.

About Tenet Healthcare

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

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