Tenet Healthcare Corp (NYSE:THC) – Equities researchers at William Blair reduced their FY2018 EPS estimates for Tenet Healthcare in a research report issued on Tuesday. William Blair analyst M. Larew now expects that the company will post earnings of $0.87 per share for the year, down from their prior forecast of $1.17. William Blair currently has a “Market Perform” rating on the stock.

Tenet Healthcare (NYSE:THC) last issued its quarterly earnings data on Friday, October 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. Tenet Healthcare had a negative net margin of 2.85% and a negative return on equity of 5.61%.

Several other brokerages also recently issued reports on THC. Royal Bank of Canada reissued a “hold” rating and set a $19.00 price objective on shares of Tenet Healthcare in a research report on Monday, September 25th. Goldman Sachs Group started coverage on shares of Tenet Healthcare in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $15.00 price objective for the company. Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of Tenet Healthcare in a report on Thursday, September 28th. ValuEngine cut shares of Tenet Healthcare from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Morgan Stanley cut shares of Tenet Healthcare from an “equal weight” rating to an “underweight” rating and set a $14.00 target price for the company. in a report on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.50.

Shares of Tenet Healthcare (NYSE THC) traded up $0.94 during mid-day trading on Thursday, hitting $17.24. 3,900,000 shares of the stock traded hands, compared to its average volume of 2,620,000. The company has a debt-to-equity ratio of 21.21, a current ratio of 1.28 and a quick ratio of 1.21. Tenet Healthcare has a 52 week low of $12.25 and a 52 week high of $22.72. The company has a market capitalization of $1,740.00, a P/E ratio of -3.13, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17.

In other Tenet Healthcare news, Director George Fredrick Smitherman sold 1,300 shares of the stock in a transaction on Monday, January 15th. The shares were sold at an average price of $38.50, for a total value of $50,050.00. Company insiders own 3.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its stake in Tenet Healthcare by 67.3% in the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after acquiring an additional 3,161 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Tenet Healthcare by 65.7% in the second quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after acquiring an additional 3,128 shares during the last quarter. Pentwater Capital Management LP acquired a new stake in Tenet Healthcare in the third quarter valued at $164,000. Russell Investments Group Ltd. lifted its stake in Tenet Healthcare by 182.6% in the third quarter. Russell Investments Group Ltd. now owns 10,525 shares of the company’s stock valued at $173,000 after acquiring an additional 6,800 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Tenet Healthcare in the third quarter valued at $183,000.

TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Tenet Healthcare Corp (THC) Decreased by William Blair” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/01/20/fy2018-eps-estimates-for-tenet-healthcare-corp-thc-decreased-by-william-blair.html.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

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

Receive News & Ratings for Tenet Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.