Tenet Healthcare (THC) to Release Quarterly Earnings on Thursday

Tenet Healthcare (NYSE:THC) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Tenet Healthcare to post earnings of $2.95 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Tenet Healthcare Stock Up 0.9 %

Shares of NYSE THC opened at $145.00 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.58 and a quick ratio of 1.52. Tenet Healthcare has a 1 year low of $86.70 and a 1 year high of $171.20. The stock has a market capitalization of $13.79 billion, a P/E ratio of 4.65, a P/E/G ratio of 0.63 and a beta of 2.05. The company has a 50-day moving average price of $134.04 and a 200-day moving average price of $148.62.

Wall Street Analyst Weigh In

THC has been the subject of several analyst reports. Truist Financial lowered their price objective on Tenet Healthcare from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Raymond James cut Tenet Healthcare from a “strong-buy” rating to an “outperform” rating and set a $195.00 price objective on the stock. in a research note on Friday, November 22nd. Cantor Fitzgerald increased their target price on shares of Tenet Healthcare from $168.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of Tenet Healthcare in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company downgraded Tenet Healthcare from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $205.00 to $150.00 in a research note on Monday, November 25th. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

About Tenet Healthcare

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.