Premier, Inc. (PINC) to Release Quarterly Earnings on Monday
Premier, Inc. (NASDAQ:PINC) will be announcing its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Premier has set its FY18 guidance at $1.98-2.09 EPS.
Premier (NASDAQ:PINC) last announced its quarterly earnings results on Monday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $403.10 million during the quarter, compared to the consensus estimate of $400.45 million. Premier had a negative return on equity of 16.27% and a net margin of 0.66%. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. On average, analysts expect Premier to post $1.89 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Shares of Premier, Inc. (NASDAQ:PINC) traded down 0.34% during mid-day trading on Monday, hitting $32.42. The company had a trading volume of 64,539 shares. The firm’s 50 day moving average is $33.28 and its 200-day moving average is $34.11. Premier, Inc. has a 12-month low of $28.27 and a 12-month high of $36.50. The firm has a market cap of $1.73 billion, a PE ratio of 21.47 and a beta of 0.46.
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In other news, insider Craig S. Mckasson sold 10,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $33.55, for a total value of $360,662.50. Following the transaction, the insider now directly owns 88,688 shares of the company’s stock, valued at approximately $2,975,482.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Leigh Anderson sold 2,264 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $32.73, for a total value of $74,100.72. Following the completion of the transaction, the senior vice president now directly owns 14,654 shares in the company, valued at $479,625.42. The disclosure for this sale can be found here. Insiders sold a total of 78,014 shares of company stock worth $2,575,863 over the last three months. 17.52% of the stock is owned by company insiders.
An institutional investor recently raised its position in Premier stock. The Manufacturers Life Insurance Company lifted its holdings in Premier, Inc. (NASDAQ:PINC) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,373 shares of the company’s stock after acquiring an additional 315 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Premier were worth $157,000 at the end of the most recent reporting period. Institutional investors own 38.37% of the company’s stock.
Several equities research analysts have recently weighed in on PINC shares. Zacks Investment Research lowered Premier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Wednesday, August 9th. William Blair reiterated an “ourperform” rating on shares of Premier in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Premier currently has a consensus rating of “Hold” and an average target price of $39.29.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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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