Tenet Healthcare Corporation (NYSE:THC) – Research analysts at Jefferies Group dropped their FY2017 earnings estimates for Tenet Healthcare Corporation in a research report issued on Monday. Jefferies Group analyst B. Tanquilut now expects that the company will post earnings per share of $0.78 for the year, down from their previous estimate of $0.96. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock.

THC has been the topic of a number of other research reports. Leerink Swann reissued an “outperform” rating and issued a $30.00 price target (up previously from $23.00) on shares of Tenet Healthcare Corporation in a research report on Sunday, August 20th. Zacks Investment Research downgraded shares of Tenet Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 19th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, August 24th. Robert W. Baird restated a “buy” rating and issued a $23.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, September 28th. Finally, Citigroup Inc. restated a “hold” rating and issued a $16.00 price objective on shares of Tenet Healthcare Corporation in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Tenet Healthcare Corporation currently has a consensus rating of “Hold” and an average target price of $20.33.

WARNING: “Tenet Healthcare Corporation (THC) to Post FY2017 Earnings of $0.78 Per Share, Jefferies Group Forecasts” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://theolympiareport.com/2017/11/02/tenet-healthcare-corporation-thc-to-post-fy2017-earnings-of-0-78-per-share-jefferies-group-forecasts.html.

Tenet Healthcare Corporation (NYSE:THC) last announced its earnings results on Monday, August 7th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The business had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 2.85% and a negative return on equity of 5.11%. The business’s quarterly revenue was up 204.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of THC. Prudential Financial Inc. boosted its stake in Tenet Healthcare Corporation by 7.5% during the first quarter. Prudential Financial Inc. now owns 49,170 shares of the company’s stock worth $871,000 after buying an additional 3,450 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Tenet Healthcare Corporation by 121.0% during the first quarter. Alliancebernstein L.P. now owns 89,615 shares of the company’s stock worth $1,587,000 after buying an additional 49,073 shares in the last quarter. FMR LLC boosted its stake in Tenet Healthcare Corporation by 6.2% during the first quarter. FMR LLC now owns 2,720,013 shares of the company’s stock worth $48,171,000 after buying an additional 159,700 shares in the last quarter. Teachers Advisors LLC boosted its stake in Tenet Healthcare Corporation by 5.0% during the first quarter. Teachers Advisors LLC now owns 136,758 shares of the company’s stock worth $2,422,000 after buying an additional 6,553 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Tenet Healthcare Corporation by 52.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock worth $117,000 after buying an additional 2,266 shares in the last quarter.

Tenet Healthcare Corporation 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 Corporation (NYSE:THC)

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