Analysts expect Tenet Healthcare Corp (NYSE:THC) to report $0.11 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Tenet Healthcare’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at ($0.23). Tenet Healthcare reported earnings per share of ($0.27) in the same quarter last year, which suggests a positive year over year growth rate of 140.7%. The business is scheduled to issue its next quarterly earnings report on Monday, May 7th.
On average, analysts expect that Tenet Healthcare will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.78 to $1.97. For the next financial year, analysts forecast that the company will report earnings of $1.68 per share, with EPS estimates ranging from $1.08 to $2.37. Zacks’ EPS calculations are an average based on a survey of research firms that follow Tenet Healthcare.
Tenet Healthcare (NYSE:THC) last announced its quarterly earnings data on Monday, February 26th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.85 billion. Tenet Healthcare had a negative net margin of 3.67% and a positive return on equity of 9.69%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share.
In other Tenet Healthcare news, Director George Fredrick Smitherman acquired 125,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was acquired at an average price of $38.50 per share, for a total transaction of $4,812,500.00. In the last quarter, insiders sold 54,600 shares of company stock valued at $94,146. 3.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new position in Tenet Healthcare in the 4th quarter valued at approximately $142,000. Xact Kapitalforvaltning AB bought a new position in Tenet Healthcare in the 4th quarter valued at approximately $153,000. Letko Brosseau & Associates Inc. bought a new position in Tenet Healthcare in the 4th quarter valued at approximately $30,300,000. MetLife Investment Advisors LLC bought a new position in Tenet Healthcare in the 4th quarter valued at approximately $1,358,000. Finally, Gotham Asset Management LLC raised its holdings in Tenet Healthcare by 446.4% in the 4th quarter. Gotham Asset Management LLC now owns 439,274 shares of the company’s stock valued at $6,659,000 after buying an additional 358,885 shares during the last quarter.
Tenet Healthcare (THC) traded up $0.42 during mid-day trading on Friday, hitting $21.02. 1,170,221 shares of the stock were exchanged, compared to its average volume of 2,479,466. The company has a market capitalization of $2,130.00, a PE ratio of -3.01, a P/E/G ratio of 4.05 and a beta of 1.24. The company has a debt-to-equity ratio of 27.44, a current ratio of 1.29 and a quick ratio of 1.21. Tenet Healthcare has a 52-week low of $12.25 and a 52-week high of $22.00.
ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Tenet Healthcare Corp (THC) to Announce $0.11 EPS” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3231595/brokerages-anticipate-tenet-healthcare-corp-thc-to-announce-0-11-eps.html.
About Tenet Healthcare
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tenet Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.