Analysts expect that Premier Inc (NASDAQ:PINC) will announce sales of $406.46 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Premier’s earnings, with the lowest sales estimate coming in at $401.20 million and the highest estimate coming in at $415.00 million. Premier reported sales of $379.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The business is expected to report its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Premier will report full year sales of $406.46 million for the current financial year, with estimates ranging from $1.60 billion to $1.63 billion. For the next year, analysts expect that the business will report sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Premier.
Premier (NASDAQ:PINC) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $393.35 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year.
Premier (NASDAQ PINC) opened at $31.60 on Monday. Premier has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of -0.01. The stock has a market capitalization of $4,409.84, a PE ratio of -9.69, a PEG ratio of 1.27 and a beta of 0.50.
In related news, Director Stephen R. D’arcy sold 3,967 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $31.72, for a total transaction of $125,833.24. Following the completion of the sale, the director now directly owns 11,233 shares in the company, valued at approximately $356,310.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.52% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its holdings in Premier by 10.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 40,228 shares of the company’s stock valued at $1,174,000 after acquiring an additional 3,756 shares during the period. BlackRock Inc. boosted its holdings in Premier by 6.7% during the 4th quarter. BlackRock Inc. now owns 2,614,627 shares of the company’s stock valued at $76,321,000 after acquiring an additional 164,968 shares during the period. Wells Fargo & Company MN boosted its holdings in Premier by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 134,666 shares of the company’s stock valued at $3,931,000 after acquiring an additional 15,058 shares during the period. Swiss National Bank boosted its holdings in Premier by 6.7% during the 4th quarter. Swiss National Bank now owns 90,712 shares of the company’s stock valued at $2,648,000 after acquiring an additional 5,700 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Premier by 2.5% during the 4th quarter. California Public Employees Retirement System now owns 113,854 shares of the company’s stock valued at $3,323,000 after acquiring an additional 2,743 shares during the period. Institutional investors own 39.52% of the company’s stock.
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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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