New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:25 EDTTHC, CYH, HCA, LPNTTenet advances after reporting beat and raise results
Shares of hospital chain Tenet (THC) are climbing after the company reported stronger than expected second quarter results and raised its guidance. WHAT'S NEW: Tenet reported Q2 earnings per share from continuing operations of 17c, versus analysts' consensus estimate of 1c. The company's revenue was slightly higher than expected. Tenet raised its 2014 earnings before interest taxes depreciation and amortization guidance to $1.85B-$1.95B from $1.8B-$1.9B. The company's same-hospital pro forma admissions rose 2.8% versus the same period a year earlier. "Our success at capturing incremental market share through strategic investments, service line expansion, and successfully positioning Tenet's hospitals to benefit from key aspects of the Affordable Care Act all contributed to a great quarter," said Tenet CEO Trevor Fetter. ANALYST REACTION: In a note to investors today, Mizuho analyst Ann Hynes wrote that the company's newly raised EBITDA guidance is likely conservative, as its earnings could be boosted by health reform, integration of companies it previously acquired and growth in its outpatient and healthcare services business. She raised her price target on the shares to $64 from $59 and kept a Buy rating on the stock. PRICE ACTION: In mid-afternoon trading, Tenet climbed 4.5% to $56. Other hospital operators also advanced, with Community Health (CYH) gaining 1% to $48, HCA Holdings (HCA) rising 2% to $67, and LifePoint Hospitals (LPNT) gaining 2% to $72.
News For THC;CYH;HCA;LPNT From The Last 14 Days
Check below for free stories on THC;CYH;HCA;LPNT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 19, 2014
06:37 EDTCYHCommunity Health management to meet with SunTrust
Subscribe for More Information
September 18, 2014
06:46 EDTTHC, LPNT, HCA, CYHFTC challenging hospital mergers, NY Times reports
Subscribe for More Information
September 16, 2014
07:54 EDTCYHCommunity Health management to meet with UBS
Subscribe for More Information
September 12, 2014
10:00 EDTTHC, LPNT, HCA, CYHOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:23 EDTCYHCommunity Health initiated with an Outperform at Leerink
Subscribe for More Information
06:23 EDTTHCTenet initiated with a Market Perform at Leerink
Subscribe for More Information
06:23 EDTLPNTLifePoint Hospitals initiated with a Market Perform at Leerink
Target $85.
06:22 EDTHCAHCA Holdings initiated with an Outperform at Leerink
Subscribe for More Information
September 9, 2014
12:14 EDTCYH, THC, LPNT, HCAHospitals rise after analyst says positive trends continuing
Subscribe for More Information
07:52 EDTTHCTenet added to short-term buy list at Deutsche Bank
Subscribe for More Information
07:37 EDTLPNT, THC, HCA, CYHDeutsche Bank ups price targets in Hospital space
Subscribe for More Information
September 8, 2014
07:26 EDTHCAMorgan Stanley to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use