Equities research analysts expect Tenet Healthcare Corp (NYSE:THC) to report $0.11 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Tenet Healthcare’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.04. Tenet Healthcare posted earnings of ($0.17) per share during the same quarter last year, which would indicate a positive year over year growth rate of 164.7%. The firm is scheduled to issue its next earnings results after the market closes on Monday, November 5th.

On average, analysts expect that Tenet Healthcare will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.61 to $1.84. For the next financial year, analysts anticipate that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.34 to $2.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Tenet Healthcare.

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

Several brokerages recently issued reports on THC. Mizuho set a $36.00 price target on Tenet Healthcare and gave the company a “buy” rating in a research note on Tuesday, August 7th. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 price target on shares of Tenet Healthcare in a research note on Wednesday, August 8th. Zacks Investment Research cut Tenet Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut Tenet Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Citigroup boosted their price target on Tenet Healthcare from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Tenet Healthcare has a consensus rating of “Hold” and an average price target of $30.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc bought a new stake in Tenet Healthcare during the second quarter worth $166,000. Advisors Preferred LLC bought a new stake in Tenet Healthcare during the second quarter worth $163,000. Assetmark Inc. lifted its stake in Tenet Healthcare by 45.8% during the second quarter. Assetmark Inc. now owns 5,093 shares of the company’s stock worth $171,000 after purchasing an additional 1,601 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Tenet Healthcare during the second quarter worth $207,000. Finally, LMR Partners LLP bought a new stake in Tenet Healthcare during the second quarter worth $234,000.

Shares of THC stock traded down $0.04 during trading on Friday, hitting $25.39. The company had a trading volume of 1,156,329 shares, compared to its average volume of 1,912,491. 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 stock has a market cap of $2.91 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. Tenet Healthcare has a one year low of $12.25 and a one year high of $39.74.

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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