The company is set to release its quarterly earnings on Wednesday, April 29th, with a consensus estimate EPS of 4.17.
Tenet Healthcare Corporation's stock price stands at $181.38, experiencing a decrease of $-4.14 (-2.23%) from the previous close. The trading volume is $171,996, representing a 12.48% increase relative to the average.
In the most recent earnings report on Tuesday, February 10th, THC reported an earnings per share of 4.7, surpassing the consensus estimate of 4.08.
The company has a free cash flow of $367 million, with a net change in cash of -$92 million. Operating cash flow is at $731 million, while capital expenditure stands at -$364 million.
THC generated a revenue of $5.53 billion, resulting in a gross profit of $2.29 billion. The net income reported is $371 million, with an earnings per share of $4.25.
Key ratios include a net profit margin of 6.71%, return on equity at 8.79%, and a price-to-earnings ratio of 11.77.
The company holds total assets of $29.68 billion, with total liabilities at $20.70 billion, resulting in a net debt of $10.29 billion.
Stay tuned for further developments as Tenet Healthcare Corporation navigates through the financial landscape.
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.