Premier (PINC) Set to Announce Quarterly Earnings on Tuesday

Premier (NASDAQ:PINC - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Premier to post earnings of $0.26 per share for the quarter. Premier has set its FY 2025 guidance at 1.160-1.280 EPS and its FY25 guidance at 1.16-1.28 EPS.Parties interested in participating in the company's conference call can do so using this link.

Premier (NASDAQ:PINC - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.25. Premier had a net margin of 8.88% and a return on equity of 11.69%. The firm had revenue of $350.30 million during the quarter, compared to analysts' expectations of $308.88 million. During the same period in the previous year, the business posted $0.70 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Premier to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Premier Price Performance

PINC stock traded up $0.05 during midday trading on Tuesday, reaching $20.16. 613,864 shares of the company were exchanged, compared to its average volume of 1,365,186. The business has a 50-day moving average price of $19.89 and a two-hundred day moving average price of $19.68. Premier has a one year low of $17.95 and a one year high of $23.01. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 9.31 and a beta of 0.41.

Premier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, November 29th. Premier's dividend payout ratio is currently 81.55%.

Wall Street Analysts Forecast Growth

PINC has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, September 9th. StockNews.com raised Premier from a "hold" rating to a "buy" rating in a report on Monday. Benchmark downgraded Premier from a "buy" rating to a "hold" rating in a research note on Monday, August 26th. Robert W. Baird dropped their price target on Premier from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, August 21st. Finally, Canaccord Genuity Group dropped their price target on Premier from $20.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $21.81.

Insiders Place Their Bets

In other Premier news, COO Leigh Anderson sold 20,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the completion of the transaction, the chief operating officer now owns 131,707 shares of the company's stock, valued at approximately $2,584,091.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Premier news, COO Leigh Anderson sold 20,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the completion of the transaction, the chief operating officer now owns 131,707 shares of the company's stock, valued at approximately $2,584,091.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David L. Klatsky sold 1,319 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $19.96, for a total value of $26,327.24. Following the sale, the general counsel now owns 102,467 shares in the company, valued at approximately $2,045,241.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,212 shares of company stock valued at $3,134,991. 0.96% of the stock is currently owned by corporate insiders.

About Premier

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.