Premier, Inc. (NASDAQ:PINC - Free Report) - Equities research analysts at Leerink Partnrs decreased their Q1 2025 earnings per share (EPS) estimates for Premier in a note issued to investors on Wednesday, August 21st. Leerink Partnrs analyst M. Cherny now anticipates that the company will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.47. The consensus estimate for Premier's current full-year earnings is $1.96 per share. Leerink Partnrs also issued estimates for Premier's Q2 2025 earnings at $0.23 EPS, FY2026 earnings at $1.03 EPS, FY2027 earnings at $1.06 EPS and FY2028 earnings at $1.13 EPS.
Several other research firms have also issued reports on PINC. Piper Sandler cut their price target on Premier from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Canaccord Genuity Group downgraded Premier from a "buy" rating to a "hold" rating and lowered their price objective for the company from $27.00 to $21.00 in a research report on Wednesday, May 8th. Canaccord Genuity Group lowered their price objective on Premier from $21.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price objective on Premier from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 28th. Finally, Robert W. Baird lowered their price objective on Premier from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 21st. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Premier has an average rating of "Hold" and an average target price of $22.19.
Get Our Latest Research Report on Premier
Premier Stock Performance
NASDAQ:PINC traded down $0.48 during mid-day trading on Monday, hitting $20.02. 925,379 shares of the company traded hands, compared to its average volume of 1,477,817. The stock's fifty day moving average price is $19.41 and its 200-day moving average price is $20.16. Premier has a one year low of $17.95 and a one year high of $24.27. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 6.62 and a beta of 0.42.
Premier (NASDAQ:PINC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.44 by $0.25. Premier had a return on equity of 11.71% and a net margin of 6.01%. The company had revenue of $350.30 million during the quarter, compared to analyst estimates of $308.88 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. Premier's revenue was up 2.9% compared to the same quarter last year.
Premier Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.84 annualized dividend and a yield of 4.20%. Premier's dividend payout ratio (DPR) is currently 131.25%.
Insider Buying and Selling
In related news, CEO Michael J. Alkire sold 2,625 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $20.00, for a total value of $52,500.00. Following the transaction, the chief executive officer now owns 580,073 shares of the company's stock, valued at $11,601,460. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Premier news, CEO Michael J. Alkire sold 2,625 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.00, for a total transaction of $52,500.00. Following the sale, the chief executive officer now owns 580,073 shares of the company's stock, valued at approximately $11,601,460. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andy Brailo sold 13,318 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.00, for a total value of $253,042.00. Following the sale, the insider now directly owns 98,427 shares in the company, valued at approximately $1,870,113. The disclosure for this sale can be found here. Insiders have sold a total of 125,428 shares of company stock valued at $2,471,783 over the last quarter. 0.85% of the stock is owned by corporate insiders.
Institutional Trading of Premier
Several hedge funds and other institutional investors have recently bought and sold shares of PINC. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Premier by 13.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,169 shares of the company's stock valued at $652,000 after acquiring an additional 3,412 shares in the last quarter. Signaturefd LLC boosted its position in Premier by 76.2% during the 4th quarter. Signaturefd LLC now owns 8,999 shares of the company's stock valued at $201,000 after acquiring an additional 3,893 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Premier by 151.3% during the 4th quarter. Handelsbanken Fonder AB now owns 59,795 shares of the company's stock valued at $1,337,000 after purchasing an additional 36,000 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Premier by 48.8% during the 4th quarter. Bailard Inc. now owns 18,300 shares of the company's stock valued at $409,000 after purchasing an additional 6,000 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Premier by 7.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,953 shares of the company's stock valued at $2,705,000 after purchasing an additional 8,716 shares during the last quarter. Institutional investors own 74.41% of the company's stock.
About Premier
(
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Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.
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