Premier (PINC) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Premier (NASDAQ:PINC) announced its earnings results on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01, Stock Ratings Network reports. The company had revenue of $235.50 million for the quarter, compared to the consensus estimate of $231.59 million.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Premier in a research note on Wednesday, July 2nd. They set a “buy” rating and a $36.00 price target on the stock. Analysts at Citigroup Inc. upgraded shares of Premier from a “neutral” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $37.00 price target on the stock, up previously from $33.00. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.60.
Shares of Premier (NASDAQ:PINC) traded up 2.29% on Monday, hitting $30.36. 209,093 shares of the company’s stock traded hands. Premier has a 52-week low of $26.52 and a 52-week high of $38.87. The stock has a 50-day moving average of $28.62 and a 200-day moving average of $30.79. The company’s market cap is $982.9 million.
Premier, Inc is a collaborative healthcare alliance of approximately 2,900 the United States community hospitals and 100,000 alternate sites.
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