$-0.33 EPS Expected for Tenet Healthcare Corp (THC)

September 27, 2017 - By Winifred Garcia


Investors sentiment increased to 1.25 in Q2 2017. Its up 0.11, from 1.14 in 2017Q1. It improved, as 45 investors sold Tenet Healthcare Corp shares while 57 reduced holdings. 41 funds opened positions while 86 raised stakes. 113.66 million shares or 4.07% more from 109.22 million shares in 2017Q1 were reported.
Clearbridge Invests Limited Liability Com stated it has 1,100 shares or 0% of all its holdings. Mutual Of America Cap Mgmt Limited Liability Corporation has 0.02% invested in Tenet Healthcare Corp (NYSE:THC) for 67,502 shares. Aperio Gp Ltd Liability Company reported 81,276 shares stake. Northwestern Mutual Wealth Company, a Wisconsin-based fund reported 557 shares. Tci Wealth Advsr stated it has 35 shares. Retirement Systems Of Alabama invested in 0.01% or 103,679 shares. State Teachers Retirement Sys holds 0.01% or 165,544 shares in its portfolio. Private Grp, California-based fund reported 813,918 shares. Employees Retirement Systems Of Texas reported 81,000 shares stake. Nj State Employees Deferred Compensation Plan owns 85,000 shares or 0.31% of their US portfolio. Quantbot Technologies L P reported 0.04% in Tenet Healthcare Corp (NYSE:THC). Da Davidson & Communication invested in 105 shares or 0% of the stock. Ksa Cap Ltd Liability Company, a New Jersey-based fund reported 21,491 shares. Nationwide Fund Advsrs owns 183,345 shares for 0.01% of their portfolio. Bluefin Trading Ltd Llc invested in 0.28% or 134,812 shares.

Analysts await Tenet Healthcare Corp (NYSE:THC) to report earnings on October, 30. They expect $-0.33 earnings per share, down 306.25 % or $0.49 from last year’s $0.16 per share. After $-0.17 actual earnings per share reported by Tenet Healthcare Corp for the previous quarter, Wall Street now forecasts 94.12 % negative EPS growth. The stock increased 0.90% or $0.14 during the last trading session, reaching $15.65. About 2.97M shares traded. Tenet Healthcare Corp (NYSE:THC) has declined 36.81% since September 28, 2016 and is downtrending. It has underperformed by 53.51% the S&P500.

Tenet Healthcare Corp (NYSE:THC) Ratings Coverage

Among 20 analysts covering Tenet Healthcare Corporation (NYSE:THC), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. Tenet Healthcare Corporation had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, June 6 by Wells Fargo. Citigroup initiated the shares of THC in report on Friday, October 2 with “Neutral” rating. Piper Jaffray maintained Tenet Healthcare Corp (NYSE:THC) on Tuesday, July 25 with “Hold” rating. The firm earned “Neutral” rating on Wednesday, November 9 by Bank of America. The stock has “Neutral” rating by Citigroup on Thursday, August 4. The stock of Tenet Healthcare Corp (NYSE:THC) has “Neutral” rating given on Wednesday, December 2 by Mizuho. Mizuho upgraded Tenet Healthcare Corp (NYSE:THC) rating on Tuesday, January 19. Mizuho has “Buy” rating and $30.0 target. The firm has “Buy” rating by Jefferies given on Thursday, July 13. Deutsche Bank maintained Tenet Healthcare Corp (NYSE:THC) rating on Wednesday, April 5. Deutsche Bank has “Buy” rating and $28 target. The firm earned “Buy” rating on Thursday, June 1 by Jefferies.

Tenet Healthcare Corporation is a healthcare services company. The company has market cap of $1.58 billion. The Firm operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. It currently has negative earnings. The Company’s divisions include Hospital Operations and Other, Ambulatory Care and Conifer.

More notable recent Tenet Healthcare Corp (NYSE:THC) news were published by: Forbes.com which released: “A Tenet Healthcare Sale Could Draw Many Bidders” on September 14, 2017, also Zacks.com with their article: “Options Traders Expect Huge Moves in Tenet Healthcare Corp. (THC) Stock …” published on September 26, 2017, Nasdaq.com published: “Why Is Tenet Healthcare (THC) Up 2.8% Since the Last Earnings Report?” on September 07, 2017. More interesting news about Tenet Healthcare Corp (NYSE:THC) were released by: Forbes.com and their article: “Tenet Healthcare CEO Trevor Fetter To Leave Hospital Chain” published on August 31, 2017 as well as Philly.com‘s news article titled: “Tenet will leave Philly, selling Hahnemann, St. Christopher’s to Paladin” with publication date: September 01, 2017.

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