Tenet Healthcare (NYSE:THC) Releases Earnings Results

Tenet Healthcare (NYSE:THC) issued its 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 Price Performance

NYSE THC traded down $9.47 on Wednesday, reaching $129.36. The company’s stock had a trading volume of 1,938,591 shares, compared to its average volume of 1,077,297. Tenet Healthcare has a twelve month low of $86.90 and a twelve month high of $171.20. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.52 and a current ratio of 1.58. The stock has a market cap of $12.30 billion, a PE ratio of 4.14, a PEG ratio of 0.63 and a beta of 2.05. The firm’s 50 day moving average is $133.85 and its two-hundred day moving average is $148.52.

Wall Street Analyst Weigh In

THC has been the topic of a number of research reports. KeyCorp dropped their target price on shares of Tenet Healthcare from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Raymond James lowered shares of Tenet Healthcare from a “strong-buy” rating to an “outperform” rating and set a $195.00 price target for the company. in a research report on Friday, November 22nd. UBS Group upped their price target on shares of Tenet Healthcare from $197.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald upped their price target on shares of Tenet Healthcare from $168.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price target on shares of Tenet Healthcare from $171.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.