Tenet Healthcare (NYSE:THC - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.95 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Tenet Healthcare Stock Performance
Shares of THC stock traded up $0.83 during mid-day trading on Friday, reaching $140.63. The stock had a trading volume of 689,247 shares, 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. Tenet Healthcare has a 1-year low of $86.70 and a 1-year high of $171.20. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 4.51, a PEG ratio of 0.63 and a beta of 2.05. The business's fifty day moving average is $133.96 and its 200-day moving average is $148.69.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Tenet Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 17th. Truist Financial decreased their target price on shares of Tenet Healthcare from $190.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group lifted their price objective on Tenet Healthcare from $197.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered Tenet Healthcare from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $196.00 to $140.00 in a report on Monday, December 16th. Finally, Royal Bank of Canada upped their price objective on Tenet Healthcare from $174.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $165.00.
Get Our Latest Stock Analysis on THC
Tenet Healthcare Company Profile
(
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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.
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