Tenet Healthcare Corp (NYSE:THC) – Analysts at SunTrust Banks issued their FY2020 earnings per share estimates for Tenet Healthcare in a research report issued to clients and investors on Thursday, August 23rd. SunTrust Banks analyst D. Macdonald forecasts that the company will post earnings of $2.34 per share for the year. SunTrust Banks currently has a “Hold” rating and a $35.00 target price on the stock.

A number of other equities analysts have also commented on THC. ValuEngine raised Tenet Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Leerink Swann boosted their price objective on Tenet Healthcare from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 2nd. Morgan Stanley boosted their price objective on Tenet Healthcare from $16.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 2nd. Credit Suisse Group boosted their price objective on Tenet Healthcare from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, May 4th. Finally, Citigroup boosted their price objective on Tenet Healthcare from $27.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.24.

Tenet Healthcare stock opened at $32.21 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 24.66. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Tenet Healthcare has a 52 week low of $12.25 and a 52 week high of $39.74.

Tenet Healthcare (NYSE:THC) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.24. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.57 billion. Tenet Healthcare had a positive return on equity of 38.91% and a negative net margin of 2.51%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Partner Fund Management L.P. lifted its stake in shares of Tenet Healthcare by 22.2% during the second quarter. Partner Fund Management L.P. now owns 4,336,946 shares of the company’s stock valued at $145,591,000 after acquiring an additional 786,785 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Tenet Healthcare by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,355,637 shares of the company’s stock valued at $79,083,000 after acquiring an additional 106,461 shares during the period. Millennium Management LLC lifted its stake in shares of Tenet Healthcare by 41.1% during the first quarter. Millennium Management LLC now owns 2,109,113 shares of the company’s stock valued at $51,146,000 after acquiring an additional 614,701 shares during the period. Scopia Capital Management LP acquired a new position in shares of Tenet Healthcare during the first quarter valued at $48,464,000. Finally, Columbus Circle Investors acquired a new position in Tenet Healthcare in the first quarter valued at about $30,369,000.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company. It operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. The company's general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.

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

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