Premier Inc (NASDAQ:PINC) – Analysts at KeyCorp raised their FY2017 earnings per share estimates for shares of Premier in a research note issued to investors on Wednesday. KeyCorp analyst D. Hooker now expects that the company will post earnings per share of $1.78 for the year, up from their prior forecast of $1.76.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. Premier had a net margin of 63.27% and a negative return on equity of 11.92%. The company had revenue of $379.80 million during the quarter, compared to the consensus estimate of $401.71 million. During the same period in the prior year, the firm earned $0.44 earnings per share. Premier’s revenue was up 27.2% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “KeyCorp Comments on Premier Inc’s FY2017 Earnings (PINC)” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/05/29/keycorp-comments-on-premier-incs-fy2017-earnings-pinc.html.

Earnings History and Estimates for Premier (NASDAQ:PINC)

Other equities research analysts have also recently issued reports about the stock. Oppenheimer Holdings Inc. set a $40.00 price objective on shares of Premier and gave the company a “buy” rating in a research report on Tuesday, February 7th. Bank of America Corp boosted their price objective on shares of Premier from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Premier in a research report on Thursday, April 13th. Zacks Investment Research raised shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, April 11th. Finally, William Blair reissued an “outperform” rating on shares of Premier in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.55.

Premier (NASDAQ:PINC) opened at 34.82 on Monday. The company has a market capitalization of $1.80 billion, a P/E ratio of 16.42 and a beta of 0.50. Premier has a 1-year low of $28.27 and a 1-year high of $35.06. The company has a 50-day moving average of $33.72 and a 200-day moving average of $31.68.

Several large investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in Premier by 3.6% in the third quarter. BlackRock Advisors LLC now owns 26,634 shares of the company’s stock valued at $861,000 after buying an additional 928 shares in the last quarter. Rhumbline Advisers raised its stake in Premier by 8.6% in the third quarter. Rhumbline Advisers now owns 42,457 shares of the company’s stock valued at $1,373,000 after buying an additional 3,362 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Premier by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,216,703 shares of the company’s stock valued at $39,348,000 after buying an additional 27,748 shares in the last quarter. California State Teachers Retirement System raised its stake in Premier by 1.1% in the third quarter. California State Teachers Retirement System now owns 99,562 shares of the company’s stock valued at $3,220,000 after buying an additional 1,100 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Premier by 7.4% in the third quarter. Pacer Advisors Inc. now owns 5,148 shares of the company’s stock valued at $166,000 after buying an additional 354 shares in the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.

In other news, VP Kelli L. Price sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $30.80, for a total value of $308,000.00. Following the completion of the sale, the vice president now owns 13,191 shares in the company, valued at approximately $406,282.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig S. Mckasson sold 10,750 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $30.56, for a total transaction of $328,520.00. Following the completion of the sale, the insider now owns 85,255 shares of the company’s stock, valued at approximately $2,605,392.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,500 shares of company stock valued at $1,011,050. Company insiders own 17.14% of the company’s stock.

About Premier

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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