Tenet Healthcare Shares Outlook and 2 Stocks Hitting 52-Week Highs
Oge Energy Corp. (NYSE:OGE) sees an FY12 EPS near the upper end of $2.60 to $2.70 per ADS mainly resulting from warm summer weather. The shares closed at $55.95, down $1.53 or 2.66 percent on the day. They have traded in a 52-week range of $49.00 to $58.54.
Startek (NYSE:SRT) has reported a Q3 EPS of 8c, consensus 14c. The shares closed at $3.74, up $0.67 or 21.82 percent on the day. They have traded in a 52-week range of $1.55 to $3.40.
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Tenet Healthcare Cor (NYSE:THC) stated, “As we look to the fourth quarter, state officials in California recently informed the hospital industry that the managed care portion of the California Provider Fee program is not likely to be approved in 2012. This program had been expected to contribute more than $40M to Adjusted EBITDA in the fourth quarter. We now expect these earnings to be recognized in 2013. As a result of this delay and recent trends in volumes and payer mix, we now expect Adjusted EBITDA of approximately $1.2B for 2012. The outlook range for adjusted EBITDA in Q4 is $313M-$353M. This range reflects the delayed recognition of the revenue from the managed care portion of the California Provider Fee program into 2013.” Tenet’s outlook for 2013 adjusted EBITDA is in ranges from $1.325 billion to $1.425 billion, which it said is slightly above analyst consensus estimates. The shares closed at $27.34, up $2.39 or 9.58 percent on the day. They have traded in a 52-week range of $16.20 to $26.96.
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