Tenet Healthcare Corporation (THC)
| Market Cap | 7.67B |
| Revenue (ttm) | 20.21B |
| Net Income (ttm) | 469.00M |
| Shares Out | 101.55M |
| EPS (ttm) | 4.38 |
| PE Ratio | 17.25 |
| Forward PE | 13.29 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 390,404 |
| Open | 75.99 |
| Previous Close | 76.25 |
| Day's Range | 75.16 - 76.60 |
| 52-Week Range | 47.05 - 85.40 |
| Beta | 2.23 |
| Analysts | Strong Buy |
| Price Target | 87.25 (+15.46%) |
| Earnings Date | Feb 8, 2024 |
About THC
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through three segments: Hospital Operations, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including ph... [Read more]
Financial Performance
In 2022, THC's revenue was $19.37 billion, a decrease of -1.57% compared to the previous year's $19.68 billion. Earnings were $411.00 million, a decrease of -55.03%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for THC stock is "Strong Buy." The 12-month stock price forecast is $87.25, which is an increase of 15.46% from the latest price.
News
Tenet Healthcare Appoints Vineeta Agarwala to Board of Directors
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Vineeta Agarwala, M.D., PhD, to its Board of Directors, effective immediately. Dr. Agarwala will se...
Former Tenet Healthcare Market CEO, Jeffery M. Welch Joins PROXDIS Leadership.
BOCA RATON, Fla.--(BUSINESS WIRE)--PROXDIS, Inc., a healthcare technology company, pioneering a new era of collaboration between healthcare professionals and the medical device industry, proudly welco...
Tenet Healthcare to sell three of its hospitals to Novant Health
Shares of Tenet Healthcare Corp (NYSE: THC) are up 12% this morning after the healthcare services company said it will sell three of its hospitals in South Carolina to Novant Health. Details of Tenet-...
Tenet Healthcare selling three hospitals in South Carolina to Novant Health
Tenet Healthcare Corp. THC, -0.87% said Friday it agreed to sell three hospitals and related operations in South Carolina for about $2.4 billion in cash to Novant Health. The deal's after-tax proceeds...
Novant Health to acquire three hospitals from Tenet Healthcare
Acquisition by Novant Health of Tenet hospitals and affiliated operations will bring expanded access to high-quality care in South Carolina WINSTON-SALEM, N.C. , Nov. 17, 2023 /PRNewswire/ -- Novant H...
Tenet Healthcare to Sell Three South Carolina Hospitals to Novant Health
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Novant Health for the sale of three Tenet hospitals and related operations in South Carol...
Tenet Healthcare lifts annual forecast as surgery volumes recover
Tenet Healthcare Corp on Monday raised its core-earnings forecast for the year following a strong third quarter, betting on a recovery in surgical procedures from pandemic lows and an improvement in c...
Tenet Reports Third Quarter 2023 Results; Raises 2023 Outlook
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended September 30, 2023. "Sustained same facility revenue growth and effective co...
Tenet to Report its Third Quarter 2023 Results on October 30th
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its third quarter 2023 results after the market closes on Monday, October 30, 2023, to be followed by a conference call a...
As 75,000 Kaiser healthcare workers walk off the job, Tenet Healthcare could be next to face a strike
With 75,000 Kaiser Permanente healthcare workers striking this week, hospital stocks are under pressure, and industry giant Tenet Healthcare Corp. THC, -1.32% could be next to face a significant work ...
3 Buys and a bail: Stellantis, Disney, Tenet Healthcare & Wynn Resorts
Gina Sanchez, chief market strategist at Lido Advisors, joins ‘The Exchange' to share three buys and a bail, including; Stellantis, Disney, Tenet Healthcare and Wynn Resorts.
Tenet Healthcare Streamlines HR and Payroll Processes with Oracle
Leading health system and services platform selects Oracle Cloud HCM to automate manual processes and improve user experience LAS VEGAS , Sept. 18, 2023 /PRNewswire/ -- Oracle Health Conference -- Ten...
Tenet Healthcare Appoints Senator Roy Blunt to Board of Directors
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Senator Roy Blunt to the Tenet Board of Directors, effective immediately. Senator Blunt will serve ...
Tenet Healthcare Names CEO Saum Sutaria as Chairman of the Board
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that its Board of Directors has elected Chief Executive Officer, Saum Sutaria, M.D., to assume the additional position...
Tenet Healthcare lifts profit forecast, bets on rebound in surgical procedures
Tenet Healthcare Corp on Monday raised its annual profit forecast after a strong second quarter, betting on a recovery in surgical procedure volumes, sending its shares up 3% in extended trading.
Tenet Reports Second Quarter 2023 Results; Raises 2023 Outlook
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended June 30, 2023. "We have continued positive momentum through the second quart...
Tenet to Report its Second Quarter 2023 Results on July 31st
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its second quarter 2023 results after the market closes on Monday, July 31, 2023, to be followed by a conference call at ...
Healthcare demand outpacing investor expectations, boosting outlook for providers, Mizuho analysts say
Recent growth in inpatient and outpatient services has been even higher than elevated investor expectations, Mizuho Securities analysts said in a research note Tuesday. Outpatient volume grew 8% in th...
Tenet Announces Chief Financial Officer Transition
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) announced the appointment of Sun Park as Executive Vice President & Chief Financial Officer of the Company, effective January 1, 2024,...
Surgical Centers, Med-Tech Stocks Up On Pent-Up Surgical Demand
After a pandemic pause, hip and knee replacements are back. Long-postponed surgeries are being rescheduled, which is bad for business at insurance companies like UnitedHealth Group Inc. NYSE: UNH, but...
Tenet to Participate in 44th Annual Goldman Sachs Global Healthcare Conference
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) is scheduled to present at the 44th Annual Goldman Sachs Global Healthcare Conference on Tuesday, June 13, 2023, beginning at 9:20 a.m...
Tenet Announces Appointment of Stephen H. Rusckowski to Board of Directors
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the appointment of Stephen H. Rusckowski to the Tenet Board of Directors, effective immediately. Rusckowski will serve...
Tenet Calls for Full Redemption of 4.625% Senior Secured First Lien Notes due 2024
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today called for the redemption of all $756 million outstanding of its 4.625% senior secured first lien notes due July 2024 (the “July...
Tenet Announces Pricing of its $1.350 Billion Private Offering of Senior Secured Notes
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced the pricing of the previously announced private placement offering and has agreed to issue and sell $1.350 billion in ...
Tenet Announces $1.350 Billion Private Offering of Senior Secured Notes
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced a private placement offering of $1.350 billion in aggregate principal amount of new senior secured first lien notes ma...