Witnessing the stock’s movement on the chart, on Wednesday, Tenet Healthcare Corp. (NYSE: THC) set off with pace as it heaved 0.24% to $157.62, before settling in for the price of $157.24 at the close. Taking a more long-term approach, THC posted a 52-week range of $51.04-$171.20.
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In the past 5-years timespan, the Healthcare sector firm’s annual sales growth was 2.48%. Meanwhile, its Annual Earning per share during the time was 40.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 51.65%. This publicly-traded company’s shares outstanding now amounts to $99.95 million, simultaneously with a float of $93.44 million. The organization now has a market capitalization sitting at $15.10 billion.
Tenet Healthcare Corp. (THC) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Medical Care Facilities industry. Tenet Healthcare Corp.’s current insider ownership accounts for 2.49%, in contrast to 95.89% institutional ownership. According to the most recent insider trade that took place on Sep 05 ’24, this organization’s Principal Accounting Officer sold 11,599 shares at the rate of 162.06, making the entire transaction reach 1,879,734 in total value, affecting insider ownership by 6,324. Preceding that transaction, on Aug 27 ’24, Company’s Director sold 2,000 for 163.67, making the whole transaction’s value amount to 327,332. This particular insider is now the holder of 14,227 in total.
Tenet Healthcare Corp. (THC) Earnings and Revenue Records
Tenet Healthcare Corp.’s EPS increase for this current 12-month fiscal period is 51.65% and is forecasted to reach 11.33 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 20.95% through the next 5 years, which can be compared against the 40.40% growth it accomplished over the previous five years trading on the market.
Tenet Healthcare Corp. (NYSE: THC) Trading Performance Indicators
Let’s observe the current performance indicators for Tenet Healthcare Corp. (THC). It’s Quick Ratio in the last reported quarter now stands at 1.38. The Stock has managed to achieve an average true range (ATR) of 4.72. Alongside those numbers, its PE Ratio stands at $5.77, and its Beta score is 2.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.72. Similarly, its price to free cash flow for trailing twelve months is now 7.99.
In the same vein, THC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 27.33, a figure that is expected to reach 2.35 in the next quarter, and analysts are predicting that it will be 11.33 at the market close of one year from today.
