Tenet Healthcare (NYSE:THC) Releases Earnings Results

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

Tenet Healthcare Trading Up 1.8 %

Shares of Tenet Healthcare stock opened at $135.99 on Friday. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 4.36, a PEG ratio of 0.63 and a beta of 2.05. Tenet Healthcare has a 1 year low of $88.57 and a 1 year high of $171.20. The company’s fifty day simple moving average is $133.43 and its 200-day simple moving average is $148.26. The company has a current ratio of 1.58, a quick ratio of 1.52 and a debt-to-equity ratio of 2.35.

Analyst Upgrades and Downgrades

THC has been the topic of several research reports. Wells Fargo & Company lowered Tenet Healthcare from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $205.00 to $150.00 in a research report on Monday, November 25th. StockNews.com cut shares of Tenet Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday. Truist Financial cut their price target on shares of Tenet Healthcare from $190.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $175.00 price objective on shares of Tenet Healthcare in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group lowered Tenet Healthcare from a “buy” rating to a “neutral” rating and cut their target price for the company from $196.00 to $140.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tenet Healthcare currently has an average rating of “Moderate Buy” and a consensus target price of $163.19.

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.