Tenet Healthcare (NYSE:THC) Announces Earnings Results, Beats Expectations By $0.49 EPS

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

Tenet Healthcare Stock Down 6.8 %

Shares of Tenet Healthcare stock traded down $9.47 during trading hours on Wednesday, hitting $129.36. 1,938,591 shares of the company’s stock traded hands, compared to its average volume of 1,077,297. The company 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. Tenet Healthcare has a twelve month low of $86.90 and a twelve month high of $171.20. The stock has a 50 day simple moving average of $133.85 and a 200-day simple moving average of $148.52. The company has a quick ratio of 1.52, a current ratio of 1.58 and a debt-to-equity ratio of 2.35.

Analysts Set New Price Targets

A number of research firms recently issued reports on THC. Raymond James lowered Tenet Healthcare from a “strong-buy” rating to an “outperform” rating and set a $195.00 target price on the stock. in a research note on Friday, November 22nd. StockNews.com lowered Tenet Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lowered Tenet Healthcare from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $196.00 to $140.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $175.00 price target on shares of Tenet Healthcare in a research note on Tuesday, December 17th. Finally, Truist Financial reduced their price target on Tenet Healthcare from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tenet Healthcare currently 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.