Tenet Healthcare Corp. (THC)
NYSE:THC
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THC Stock Chart & Stats
$196.64
$1.59(1.23%)
At close: 4:00 PM EST
$196.64
$1.59(1.23%)
Day’s Range― - ―
52-Week Range$146.60 - $247.21
Previous CloseN/A
Volume281.04K
Average Volume (3M)1.61M
Market Cap
$14.09B
Enterprise Value$25.34B
Total Cash (Recent Filing)$2.97B
Total Debt (Recent Filing)$13.21B
Price to Earnings (P/E)8.3
Beta0.96
Next Earnings
Jul 16, 2026EPS Estimate
4.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)19.39
Shares Outstanding86,137,000
10 Day Avg. Volume1,449,734
30 Day Avg. Volume1,606,872
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 Cap1.80
Enterprise Value/Revenue1.18
Enterprise Value/Gross Profit2.76
Enterprise Value/Ebitda5.76
Forecast
1Y Price Target
$246.93Price Target Upside25.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)17.88
Revenue Forecast (FY)$21.98B
Bulls Say, Bears Say
Bulls Say
Cash Generation & LiquiditySustained, sizable free cash flow and nearly $3.0B cash provide durable financing optionality for M&A, buybacks, and debt refinancing. This liquidity cushion reduces near-term refinancing risk and supports capital priorities even if volumes or payer mix soften over the next several quarters.
Ambulatory Platform Growth And M&AUSPI's high-margin ambulatory platform is scaling via targeted M&A and de novo openings, diversifying revenue away from lower-margin inpatient care. Structural outpatient migration and USPI's 36.7% margin underpin sustainable profitability and predictable organic+M&A growth over the medium term.
Improved Revenue And Profitability TrendsSharp TTM revenue acceleration and materially improved margins reflect operational recovery and successful cost/productivity initiatives. Stronger topline and stabilized margins suggest improved earnings power versus prior weak years, supporting cash flow durability across multiple quarters.
Bears Say
Exchange Enrollment And Payer-mix HeadwindsDeclining exchange enrollments and effectuation uncertainty reduce higher-paying commercial-like volumes and lower revenue per admission. A persistent enrollment shortfall materially depresses revenue and margin mix over months, challenging near-term growth and offsetting some operational gains.
Elevated Payer Disputes And DenialsHigher-than-normal denials increase collections risk, raise administrative costs, and introduce working-capital volatility. Persistent disputes can erode realized revenue and cash conversion, making free cash flow and margin sustainability less predictable over the coming 2–6 months.
Unusual Step-change In Reported Debt; Leverage CautionA sudden drop in reported debt makes leverage metrics harder to interpret; historical elevated leverage implies sensitivity to volume or reimbursement shocks. If the step-change is temporary or accounting-driven, refinancing risk and covenant exposure could re-emerge, weakening balance-sheet durability.
Tenet Healthcare News
THC FAQ
What was Tenet Healthcare Corp.’s price range in the past 12 months?
Tenet Healthcare Corp. lowest stock price was $146.60 and its highest was $247.21 in the past 12 months.
What is Tenet Healthcare Corp.’s market cap?
Tenet Healthcare Corp.’s market cap is $14.09B.
When is Tenet Healthcare Corp.’s upcoming earnings report date?
Tenet Healthcare Corp.’s upcoming earnings report date is Jul 16, 2026 which is in 42 days.
How were Tenet Healthcare Corp.’s earnings last quarter?
Tenet Healthcare Corp. released its earnings results on Apr 30, 2026. The company reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.165 by $0.655.
Is Tenet Healthcare Corp. overvalued?
According to Wall Street analysts Tenet Healthcare Corp.’s price is currently Undervalued.
Does Tenet Healthcare Corp. pay dividends?
Tenet Healthcare Corp. does not currently pay dividends.
What is Tenet Healthcare Corp.’s EPS estimate?
Tenet Healthcare Corp.’s EPS estimate is 4.19.
How many shares outstanding does Tenet Healthcare Corp. have?
Tenet Healthcare Corp. has 86,137,000 shares outstanding.
What happened to Tenet Healthcare Corp.’s price movement after its last earnings report?
Tenet Healthcare Corp. reported an EPS of $4.82 in its last earnings report, beating expectations of $4.165. Following the earnings report the stock price went down -1.655%.
Which hedge fund is a major shareholder of Tenet Healthcare Corp.?
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
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Analyst Consensus
Strong Buy
Average Price Target:
$246.93 (25.58% Upside)
$246.93 (25.58% Upside)
Blogger Sentiment
Bullish
THC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 207.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $12.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 0.4%
Last 30 Days ▼ 1.5%
Last 30 Days ▼ 1.5%
News Sentiment
Very Bearish
Bullish news 19%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.83%
12-Months-Change
Fundamentals
Return on Equity
40.55%
Trailing 12-Months
Asset Growth
6.72%
Trailing 12-Months
Company Description
Tenet Healthcare Corp.
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, 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 coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.
THC Company Deck
THC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed solid financial and operational performance in Q1 — strong revenue, EBITDA, cash generation, USPI M&A activity, and demonstrated productivity/AI gains — while acknowledging notable near-term headwinds from exchange enrollment declines, lower respiratory volumes, payer disputes and some market-specific Medicaid softness. Management beat expectations for the quarter, maintained financial discipline (deleveraging and share repurchases), and reaffirmed full-year guidance while signaling they will monitor exchange effectuation and regulatory developments. Overall, positive operational momentum and financial strength outweighed the headwinds described.View all THC earnings summariesTHC Stock 12 Month Forecast
Average Price Target
$246.93
▲(25.58% Upside)
Technical Analysis
Ownership Overview
0.97% Insiders
29.35% Mutual Funds
14.50% Other Institutional Investors
29.55% Public Companies and Individual Investors