Premier (PINC) Set to Announce Earnings on Monday

Premier (NASDAQ:PINC) is scheduled to be releasing its earnings data after the market closes on Monday, February 5th. Premier has set its FY18 guidance at $1.98-2.09 EPS.

Premier (NASDAQ:PINC) last announced its earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The business had revenue of $390.56 million for the quarter, compared to analysts’ expectations of $389.56 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect Premier to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier (NASDAQ:PINC) opened at $33.54 on Monday. Premier has a 12-month low of $27.16 and a 12-month high of $36.50. The stock has a market capitalization of $4,673.60, a P/E ratio of -8.00, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40.

Several brokerages have issued reports on PINC. KeyCorp restated a “buy” rating and set a $42.00 target price on shares of Premier in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Premier from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Evercore ISI began coverage on Premier in a research report on Thursday, January 18th. They set an “in-line” rating and a $33.50 target price for the company. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $30.00 price target on shares of Premier in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Premier presently has a consensus rating of “Buy” and a consensus target price of $36.35.

In related news, COO Michael J. Alkire sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $29.90, for a total value of $747,500.00. Following the completion of the sale, the chief operating officer now owns 180,550 shares in the company, valued at $5,398,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.52% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Premier stock. The Manufacturers Life Insurance Company increased its holdings in Premier Inc (NASDAQ:PINC) by 7.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,373 shares of the company’s stock after buying an additional 315 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Premier were worth $157,000 as of its most recent filing with the Securities & Exchange Commission. 38.37% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History for Premier (NASDAQ:PINC)

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