Tenet Healthcare (THC) to Release Quarterly Earnings on Thursday

Tenet Healthcare (NYSE:THC) is expected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Tenet Healthcare to post earnings of $2.95 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Tenet Healthcare Price Performance

NYSE:THC opened at $138.52 on Wednesday. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 4.44, a PEG ratio of 0.63 and a beta of 2.05. Tenet Healthcare has a 1 year low of $86.90 and a 1 year high of $171.20. The business has a 50 day simple moving average of $133.85 and a 200-day simple moving average of $148.52. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.58 and a quick ratio of 1.52.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THC. KeyCorp lowered their price objective on Tenet Healthcare from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered Tenet Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 17th. Raymond James lowered Tenet Healthcare from a “strong-buy” rating to an “outperform” rating and set a $195.00 price target for the company. in a research note on Friday, November 22nd. Royal Bank of Canada raised their price target on Tenet Healthcare from $174.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on Tenet Healthcare from $197.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

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.