Analysts expect Premier Inc (NASDAQ:PINC) to post $0.65 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Premier’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.62. Premier reported earnings of $0.67 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, May 7th.
On average, analysts expect that Premier will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.55 to $2.63. For the next fiscal year, analysts anticipate that the business will post earnings of $2.76 per share, with EPS estimates ranging from $2.65 to $2.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Premier.
Premier (NASDAQ:PINC) last issued its quarterly earnings data 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. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. The business had revenue of $421.86 million for the quarter, compared to analyst estimates of $417.09 million. During the same quarter in the previous year, the company posted $0.50 EPS. Premier’s quarterly revenue was up 2.5% compared to the same quarter last year.
PINC has been the topic of a number of analyst reports. BidaskClub lowered Premier from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 23rd. ValuEngine lowered Premier from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. UBS Group initiated coverage on Premier in a research report on Thursday, January 17th. They issued a “buy” rating and a $45.00 price target on the stock. Leerink Swann lowered Premier from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Wednesday, April 10th. Finally, Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.70.
Shares of NASDAQ PINC traded down $0.80 during trading on Friday, reaching $32.22. The company had a trading volume of 23,871 shares, compared to its average volume of 874,197. Premier has a 12 month low of $28.81 and a 12 month high of $47.22. The firm has a market capitalization of $4.34 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.49.
In related news, Director Stephen R. D’arcy sold 3,733 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $36.90, for a total transaction of $137,747.70. Following the transaction, the director now directly owns 10,676 shares of the company’s stock, valued at approximately $393,944.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig S. Mckasson sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $37.55, for a total value of $1,877,500.00. Following the transaction, the insider now directly owns 135,709 shares in the company, valued at $5,095,872.95. The disclosure for this sale can be found here. 18.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Premier by 3.9% in the third quarter. Vanguard Group Inc. now owns 5,067,095 shares of the company’s stock valued at $231,972,000 after buying an additional 190,635 shares in the last quarter. Vanguard Group Inc boosted its stake in Premier by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 5,067,095 shares of the company’s stock worth $231,972,000 after purchasing an additional 190,635 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Premier by 17.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,174,768 shares of the company’s stock worth $118,577,000 after purchasing an additional 464,646 shares during the period. BlackRock Inc. boosted its stake in Premier by 5.8% during the 4th quarter. BlackRock Inc. now owns 2,501,972 shares of the company’s stock worth $93,451,000 after purchasing an additional 137,075 shares during the period. Finally, APG Asset Management N.V. boosted its stake in Premier by 14.4% during the 4th quarter. APG Asset Management N.V. now owns 1,921,700 shares of the company’s stock worth $62,787,000 after purchasing an additional 241,900 shares during the period. 48.15% of the stock is currently owned by institutional investors and hedge funds.
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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