Q3 2017 EPS Estimates for Tenet Healthcare Corporation Decreased by Analyst (THC)

Tenet Healthcare Corporation (NYSE:THC) – Stock analysts at Leerink Swann dropped their Q3 2017 EPS estimates for shares of Tenet Healthcare Corporation in a note issued to investors on Monday. Leerink Swann analyst A. Gupte now anticipates that the company will post earnings per share of ($0.34) for the quarter, down from their prior estimate of ($0.24). Leerink Swann currently has a “Outperform” rating and a $30.00 target price on the stock. Leerink Swann also issued estimates for Tenet Healthcare Corporation’s Q4 2017 earnings at $1.49 EPS.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The company’s quarterly revenue was up 204.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS.

TRADEMARK VIOLATION WARNING: “Q3 2017 EPS Estimates for Tenet Healthcare Corporation Decreased by Analyst (THC)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/q3-2017-eps-estimates-for-tenet-healthcare-corporation-decreased-by-analyst-thc.html.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Monday, July 10th. Citigroup Inc. restated a “neutral” rating and set a $16.00 target price (down previously from $20.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. SunTrust Banks, Inc. set a $15.00 target price on Tenet Healthcare Corporation and gave the company a “hold” rating in a report on Sunday, October 15th. Deutsche Bank AG restated a “buy” rating and set a $24.00 target price (down previously from $28.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $23.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Tenet Healthcare Corporation presently has a consensus rating of “Hold” and a consensus target price of $20.60.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 13.35 on Thursday. Tenet Healthcare Corporation has a 12 month low of $12.25 and a 12 month high of $24.13. The firm’s market cap is $1.35 billion. The stock’s 50 day moving average is $15.72 and its 200 day moving average is $16.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in shares of Tenet Healthcare Corporation during the first quarter valued at $109,000. PNC Financial Services Group Inc. boosted its position in shares of Tenet Healthcare Corporation by 52.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after buying an additional 2,266 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Tenet Healthcare Corporation by 57.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after buying an additional 2,590 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Tenet Healthcare Corporation by 67.3% during the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after buying an additional 3,161 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Tenet Healthcare Corporation by 65.7% during the second quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after buying an additional 3,128 shares during the last quarter.

Tenet Healthcare Corporation Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty

Tenet Healthcare Corporation (NYSE:THC) – Stock analysts at Leerink Swann dropped their Q3 2017 EPS estimates for shares of Tenet Healthcare Corporation in a note issued to investors on Monday. Leerink Swann analyst A. Gupte now anticipates that the company will post earnings per share of ($0.34) for the quarter, down from their prior estimate of ($0.24). Leerink Swann currently has a “Outperform” rating and a $30.00 target price on the stock. Leerink Swann also issued estimates for Tenet Healthcare Corporation’s Q4 2017 earnings at $1.49 EPS.

Tenet Healthcare Corporation (NYSE:THC) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. Tenet Healthcare Corporation had a negative net margin of 0.97% and a negative return on equity of 2.00%. The company’s quarterly revenue was up 204.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS.

TRADEMARK VIOLATION WARNING: “Q3 2017 EPS Estimates for Tenet Healthcare Corporation Decreased by Analyst (THC)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/q3-2017-eps-estimates-for-tenet-healthcare-corporation-decreased-by-analyst-thc.html.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Tenet Healthcare Corporation from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Monday, July 10th. Citigroup Inc. restated a “neutral” rating and set a $16.00 target price (down previously from $20.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. SunTrust Banks, Inc. set a $15.00 target price on Tenet Healthcare Corporation and gave the company a “hold” rating in a report on Sunday, October 15th. Deutsche Bank AG restated a “buy” rating and set a $24.00 target price (down previously from $28.00) on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $23.00 target price on shares of Tenet Healthcare Corporation in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Tenet Healthcare Corporation presently has a consensus rating of “Hold” and a consensus target price of $20.60.

Shares of Tenet Healthcare Corporation (NYSE THC) opened at 13.35 on Thursday. Tenet Healthcare Corporation has a 12 month low of $12.25 and a 12 month high of $24.13. The firm’s market cap is $1.35 billion. The stock’s 50 day moving average is $15.72 and its 200 day moving average is $16.94.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in shares of Tenet Healthcare Corporation during the first quarter valued at $109,000. PNC Financial Services Group Inc. boosted its position in shares of Tenet Healthcare Corporation by 52.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,618 shares of the company’s stock valued at $117,000 after buying an additional 2,266 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Tenet Healthcare Corporation by 57.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the company’s stock valued at $126,000 after buying an additional 2,590 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Tenet Healthcare Corporation by 67.3% during the second quarter. Riverhead Capital Management LLC now owns 7,861 shares of the company’s stock valued at $152,000 after buying an additional 3,161 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Tenet Healthcare Corporation by 65.7% during the second quarter. Flinton Capital Management LLC now owns 7,888 shares of the company’s stock valued at $153,000 after buying an additional 3,128 shares during the last quarter.

Tenet Healthcare Corporation Company Profile

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

Earnings History and Estimates for Tenet Healthcare Corporation (NYSE:THC)

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