Wall Street analysts expect that Premier Inc (NASDAQ:PINC) will announce earnings of $0.65 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Premier’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.62. 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 business is scheduled to announce its next 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 financial year, with EPS estimates ranging from $2.55 to $2.63. For the next financial year, analysts forecast that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.65 to $2.83. Zacks’ EPS averages are an average based on a survey of analysts that cover Premier.
Premier (NASDAQ:PINC) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. The company had revenue of $421.86 million during the quarter, compared to analysts’ expectations of $417.09 million. Premier had a negative return on equity of 25.06% and a net margin of 21.63%. Premier’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share.
A number of research firms recently commented on PINC. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Svb Leerink cut Premier from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 10th. BidaskClub cut Premier from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Citigroup upgraded Premier from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, May 2nd. Finally, Leerink Swann cut Premier from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.82.
Premier stock opened at $34.76 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of 49.66, a PEG ratio of 1.25 and a beta of 0.46. Premier has a one year low of $28.81 and a one year high of $47.22.
In other Premier news, Director Stephen R. D’arcy sold 3,733 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $36.90, for a total value of $137,747.70. Following the completion of the sale, the director now owns 10,676 shares in the company, valued at $393,944.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig S. Mckasson sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 135,709 shares of the company’s stock, valued at approximately $5,095,872.95. The disclosure for this sale can be found here. Corporate insiders own 18.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Brinker Capital Inc. increased its position in Premier by 5.5% in the fourth quarter. Brinker Capital Inc. now owns 27,641 shares of the company’s stock worth $1,032,000 after buying an additional 1,441 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Premier by 42.1% in the fourth quarter. Squarepoint Ops LLC now owns 26,092 shares of the company’s stock worth $975,000 after acquiring an additional 7,729 shares during the period. Reinhart Partners Inc. boosted its stake in shares of Premier by 65.6% in the first quarter. Reinhart Partners Inc. now owns 162,450 shares of the company’s stock worth $5,603,000 after acquiring an additional 64,330 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Premier by 4,523.2% in the fourth quarter. Teacher Retirement System of Texas now owns 286,225 shares of the company’s stock worth $10,691,000 after acquiring an additional 280,034 shares during the period. Finally, LPL Financial LLC bought a new position in shares of Premier in the third quarter worth about $203,000. Institutional investors and hedge funds own 48.34% of the company’s stock.
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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