Tenet Healthcare (NYSE:THC) Posts Quarterly Earnings Results, Beats Estimates By $0.49 EPS

Tenet Healthcare (NYSE:THC - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $3.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.95 by $0.49, Zacks reports. Tenet Healthcare had a return on equity of 24.05% and a net margin of 14.91%. Tenet Healthcare updated its FY 2025 guidance to 11.740-12.840 EPS.

Tenet Healthcare Stock Performance

THC traded down $0.17 on Friday, hitting $133.40. 1,991,865 shares of the stock traded hands, compared to its average volume of 951,949. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 2.35. The business has a fifty day moving average price of $133.32 and a two-hundred day moving average price of $148.11. The firm has a market capitalization of $12.69 billion, a PE ratio of 4.27, a P/E/G ratio of 0.63 and a beta of 2.05. Tenet Healthcare has a 52 week low of $88.57 and a 52 week high of $171.20.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their target price on Tenet Healthcare from $197.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Raymond James lowered Tenet Healthcare from a "strong-buy" rating to an "outperform" rating and set a $195.00 target price on the stock. in a report on Friday, November 22nd. KeyCorp cut their target price on Tenet Healthcare from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. StockNews.com lowered Tenet Healthcare from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Barclays dropped their price objective on Tenet Healthcare from $190.00 to $161.00 and set an "overweight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $163.19.

Tenet Healthcare Company Profile

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.