Premier Inc to Post Q4 2020 Earnings of $0.69 Per Share, Oppenheimer Forecasts (NASDAQ:PINC)

Premier Inc (NASDAQ:PINC) – Analysts at Oppenheimer decreased their Q4 2020 earnings per share (EPS) estimates for Premier in a research report issued on Tuesday, November 5th. Oppenheimer analyst M. Naidu now anticipates that the company will post earnings per share of $0.69 for the quarter, down from their prior estimate of $0.71.

Premier (NASDAQ:PINC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Premier had a negative return on equity of 40.78% and a net margin of 17.74%. The company had revenue of $302.40 million for the quarter, compared to the consensus estimate of $295.50 million. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.

A number of other analysts have also commented on PINC. ValuEngine raised Premier from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised Premier from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $42.00 target price (down from $43.00) on shares of Premier in a research report on Tuesday, August 13th. UBS Group lowered Premier from a “buy” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $38.00 in a research report on Thursday, October 31st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a research report on Thursday, August 22nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Premier currently has an average rating of “Hold” and a consensus target price of $40.56.

Premier stock traded down $0.03 during midday trading on Friday, reaching $37.32. The stock had a trading volume of 760,300 shares, compared to its average volume of 712,371. Premier has a 12 month low of $27.37 and a 12 month high of $42.00. The company has a market capitalization of $4.61 billion, a P/E ratio of 16.44, a PEG ratio of 1.50 and a beta of 0.34. The company has a fifty day moving average price of $32.21 and a two-hundred day moving average price of $36.12.

In other news, Director William E. Mayer sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $37.45, for a total value of $149,800.00. Following the transaction, the director now owns 13,763 shares in the company, valued at approximately $515,424.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Alfred Hargraves sold 2,015 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $35.05, for a total value of $70,625.75. Following the completion of the transaction, the senior vice president now owns 22,106 shares in the company, valued at approximately $774,815.30. The disclosure for this sale can be found here. Insiders have sold a total of 11,315 shares of company stock valued at $416,586 over the last three months. Corporate insiders own 17.67% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC boosted its stake in shares of Premier by 10.2% in the 3rd quarter. River Road Asset Management LLC now owns 3,532,059 shares of the company’s stock worth $102,147,000 after buying an additional 327,220 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Premier by 19.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,056,294 shares of the company’s stock worth $175,148,000 after buying an additional 979,096 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of Premier by 48.4% in the 3rd quarter. Boston Advisors LLC now owns 47,695 shares of the company’s stock worth $1,379,000 after buying an additional 15,559 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Premier by 11.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the company’s stock worth $83,000 after buying an additional 297 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Premier by 13.8% in the 3rd quarter. GW&K Investment Management LLC now owns 777,429 shares of the company’s stock worth $22,483,000 after buying an additional 94,567 shares during the last quarter. Hedge funds and other institutional investors own 49.51% of the company’s stock.

Premier Company Profile

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.

See Also: Cash Flow

Earnings History and Estimates for Premier (NASDAQ:PINC)

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