Wall Street analysts expect Premier Inc (NASDAQ:PINC) to post earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Premier’s earnings, with estimates ranging from $0.63 to $0.70. Premier reported earnings of $0.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3%. The company is scheduled to issue its next quarterly earnings report on Monday, May 6th.
On average, analysts expect that Premier will report full year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.59 to $2.66. For the next financial year, analysts forecast that the company will report earnings of $2.80 per share, with EPS estimates ranging from $2.71 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Premier.
Premier (NASDAQ:PINC) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The firm had revenue of $421.86 million for the quarter, compared to the consensus estimate of $417.09 million. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share.
A number of brokerages have weighed in on PINC. Zacks Investment Research raised Premier from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, October 24th. ValuEngine downgraded Premier from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group assumed coverage on Premier in a research report on Thursday, January 17th. They issued a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Premier currently has an average rating of “Buy” and a consensus price target of $44.17.
In other Premier news, General Counsel David L. Klatsky sold 12,048 shares of the stock in a transaction dated Monday, December 31st. The stock was sold at an average price of $36.81, for a total transaction of $443,486.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Alfred Hargraves sold 10,436 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $39.95, for a total value of $416,918.20. Following the sale, the senior vice president now owns 14,829 shares of the company’s stock, valued at $592,418.55. The disclosure for this sale can be found here. Insiders have sold 93,298 shares of company stock valued at $3,556,271 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Sawgrass Asset Management LLC bought a new position in shares of Premier during the 3rd quarter worth about $605,000. LPL Financial LLC bought a new position in shares of Premier during the 3rd quarter worth about $203,000. First Republic Investment Management Inc. boosted its position in shares of Premier by 12.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 18,164 shares of the company’s stock worth $832,000 after purchasing an additional 1,971 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Premier during the 3rd quarter worth about $314,000. Finally, Stone Ridge Asset Management LLC lifted its position in Premier by 26.3% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 54,279 shares of the company’s stock valued at $2,485,000 after acquiring an additional 11,290 shares in the last quarter. Hedge funds and other institutional investors own 41.54% of the company’s stock.
NASDAQ PINC traded down $0.45 during trading on Friday, reaching $36.95. 538,991 shares of the company’s stock were exchanged, compared to its average volume of 680,650. The company has a market cap of $4.93 billion, a PE ratio of 52.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.50. Premier has a fifty-two week low of $28.81 and a fifty-two week high of $47.22.
Premier Company Profile
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.
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