Revenue Update on Tenet Healthcare Corp(NYSE:THC)

Tenet Healthcare Corp(NYSE:THC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $4.87B. Analysts estimated a revenue of $4.82B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.50.

In a different note, On Jun 13, 2016, Ladenburg Thalmann said it Upgrades its rating on Tenet Healthcare Corp. The shares have been rated ‘Underperform’ by the firm. On May 4, 2016, Citigroup said it Maintains its rating on Tenet Healthcare Corp. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 4, 2016, Mizuho Securities said it Downgrades its rating on Tenet Healthcare Corp. The shares have been rated ‘Neutral’ by the firm.

Tenet Healthcare Corp (THC) shares turned negative on Mondays trading session with the shares closing down -0.16 points or -0.58% at a volume of 18,07,927. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.85. The peak price level was also seen at $27.85 while the days lowest was $27.125. Finally the shares closed at $27.32. The 52-week high of the shares is $54.02 while the 52-week low is $21.39. According to the latest information available, the market cap of the company is $2,719 M.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2015, Trevor Fetter (Chairman and CEO) sold 184,481 shares at $60.25 per share price.Also, On Jun 5, 2015, R. Scott Ramsey (Principal Accounting Officer) sold 5,650 shares at $51.64 per share price.On Mar 5, 2015, Audrey T. Andrews (SVP and General Counsel) sold 4,396 shares at $46.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused integrated healthcare delivery networks in large urban and suburban markets. As of December 31 2014 it operated 80 hospitals 210 outpatient centers six health plans and Conifer Health Solutions LLC (Conifer) which provides healthcare business process services in the areas of revenue cycle management value-based care and patient communications. It provides operational management for revenue cycle functions including patient access health information management revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration financial risk management and population health management. It has two operating segments: Hospital Operations and other and Conifer.

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