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THC Stock Chart & Stats
$271.88
$34.18(17.17%)
At close: 4:00 PM EDT
$271.88
$34.18(17.17%)
Day’s Range― - ―
52-Week Range$157.58 - $283.05
Previous CloseN/A
Volume4.64M
Average Volume (3M)748.97K
Market Cap
$20.89B
Enterprise Value$30.83B
Total Cash (Recent Filing)$2.17B
Total Debt (Recent Filing)$13.25B
Price to Earnings (P/E)9.9
Beta0.88
Next Earnings
Oct 29, 2026EPS Estimate
4.67Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)26.12
Shares Outstanding80,519,000
10 Day Avg. Volume598,332
30 Day Avg. Volume748,968
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)4.25
Price to Sales (P/S)0.84
P/FCF Ratio7.08
Enterprise Value/Market Cap1.48
Enterprise Value/Revenue1.41
Enterprise Value/Gross Profit5.26
Enterprise Value/Ebitda6.09
Forecast
1Y Price Target
$283.41Price Target Upside4.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)21.21
Revenue Forecast (FY)$22.23B
Bulls Say, Bears Say
Bulls Say
Raised Operating OutlookManagement’s raised revenue and EBITDA outlook, supported by reported fundamental outperformance in both segments, indicates durable operating momentum. Higher expectations improve the company’s ability to fund investments, absorb industry pressures, and strengthen earnings power over the next several quarters.
USPI Growth And MarginsUSPI combines strong profitability with growth in same-facility revenue, pricing per case, and high-acuity procedures. Its ambulatory model is positioned in a care setting benefiting from procedure migration, while physician alignment and scale can support sustained volume and margin performance.
Strong Cash GenerationSubstantial operating and free cash flow provides internal funding for debt reduction, acquisitions, capital investment, and other strategic priorities. Although conversion is not perfect, the cash base materially supports financial resilience and gives management flexibility through normal operating volatility.
Bears Say
Elevated LeverageTenet’s sizable debt burden remains a material constraint despite improving equity and leverage from prior years. High leverage can keep interest and refinancing obligations significant, reduce flexibility during reimbursement or volume pressure, and limit how much cash can be directed toward growth.
Exchange Payer PressureThe decline in exchange enrollment and revenue creates a continuing payer-mix headwind across exposed states. If enrollment weakness persists, lower admissions and reimbursement quality could pressure hospital revenue, require additional cost actions, and offset otherwise favorable volume or case-mix trends.
Reimbursement UncertaintyPotential CMS changes introduce a structural policy risk to reimbursement across hospital outpatient and ambulatory settings. If finalized unfavorably, altered payment rates or drug reimbursement dynamics could compress margins, change procedure economics, and require Tenet to adjust its service mix.
THC FAQ
What was Tenet Healthcare’s price range in the past 12 months?
Tenet Healthcare lowest stock price was $157.58 and its highest was $283.05 in the past 12 months.
What is Tenet Healthcare’s market cap?
Tenet Healthcare’s market cap is $20.89B.
When is Tenet Healthcare’s upcoming earnings report date?
Tenet Healthcare’s upcoming earnings report date is Oct 29, 2026 which is in 22 days.
How were Tenet Healthcare’s earnings last quarter?
Tenet Healthcare released its earnings results on Jul 23, 2026. The company reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.261 by $1.859.
Is Tenet Healthcare overvalued?
According to Wall Street analysts Tenet Healthcare’s price is currently Undervalued.
Does Tenet Healthcare pay dividends?
Tenet Healthcare does not currently pay dividends.
What is Tenet Healthcare’s EPS estimate?
Tenet Healthcare’s EPS estimate is 4.67.
How many shares outstanding does Tenet Healthcare have?
Tenet Healthcare has 80,519,000 shares outstanding.
What happened to Tenet Healthcare’s price movement after its last earnings report?
Tenet Healthcare reported an EPS of $6.12 in its last earnings report, beating expectations of $4.261. Following the earnings report the stock price went up 17.174%.
Which hedge fund is a major shareholder of Tenet Healthcare?
Currently, no hedge funds are holding shares in THC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Tenet Healthcare Stock Smart Score
Neutral
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$283.41 (4.24% Upside)
$283.41 (4.24% Upside)
Blogger Sentiment
Bullish
THC Sentiment 83%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 1.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $50.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.3%
Last 30 Days ▲ 6.4%
Last 30 Days ▲ 6.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
29.39%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
6.89%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Tenet Healthcare
Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. Within its network of acute care facilities, Tenet delivers a full spectrum of essential services. These include core hospital functions such as operating and recovery suites, radiology and respiratory therapy, clinical laboratories, and on-site pharmacies. The organization also provides high-acuity patient care through intensive, critical, and coronary care units. Specialized medical services cover areas like cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics, alongside various outpatient treatments, including physical therapy. Advanced surgical capabilities feature cardiothoracic, complex spinal, and neurosurgery, as well as neonatal intensive care. Tenet extends its offerings to ultra-specialized quaternary care, exemplified by heart and kidney transplant programs, and sophisticated procedures such as limb-salvaging vascular interventions, acute Level 1 trauma care, intravascular stroke treatment, minimally invasive cardiac valve replacements, advanced imaging, and telemedicine access. Beyond its hospital network, Tenet manages numerous other clinical sites. These encompass outpatient surgical centers, immediate care facilities, diagnostic imaging centers, dedicated surgical hospitals, off-campus emergency departments, and micro-hospitals. Through its Conifer segment, the company furnishes critical healthcare business process solutions. These administrative services, offered to hospitals, health systems, physician practices, employers, and other clients, include financial administration for patient accounts (revenue cycle management), support for patient communications and engagement, and outcome-focused care strategies. As of February 9, 2022, Tenet's operational footprint included 60 hospitals and roughly 550 additional medical facilities. This count of additional sites comprises surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and various other clinical locations. Tenet Healthcare Corporation was established in 1975 and maintains its principal office in Dallas, Texas.
THC Company Deck
THC Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial outperformance: strong revenue and EBITDA growth, a robust EPS increase, raised full-year guidance, substantial free cash flow, improved leverage and active capital deployment (notably large share repurchases and anticipated USPI M&A). These positives were offset by material payer mix challenges—chiefly a significant decline in exchange enrollment and revenues, localized state impacts, modest ASC case volume weakness, and regulatory/reimbursement uncertainty. Management emphasized that expense actions, technology and clinical improvements and portfolio positioning have thus far mitigated the headwinds and supported an upward revision to guidance.View all THC earnings summariesTHC Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$283.41
▲(4.24% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
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Ownership Overview
0.81% Insiders
31.59% Mutual Funds
0.16% Other Institutional Investors
39.77% Public Companies and
Individual Investors











