Premier (NASDAQ:PINC) Releases FY25 Earnings Guidance

Premier (NASDAQ:PINC - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.16 to $1.28 for the period, compared to the consensus EPS estimate of $1.21. The company issued revenue guidance of $930 million to $1.02 billion, compared to the consensus revenue estimate of $977.45 million. Premier also updated its FY 2025 guidance to 1.160-1.280 EPS.

Premier Stock Up 13.3 %

Shares of NASDAQ PINC traded up $2.66 during trading on Tuesday, hitting $22.67. The company had a trading volume of 2,539,259 shares, compared to its average volume of 1,361,500. The stock has a fifty day simple moving average of $19.89 and a two-hundred day simple moving average of $19.66. Premier has a fifty-two week low of $17.95 and a fifty-two week high of $23.01. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 9.56 and a beta of 0.40.

Premier (NASDAQ:PINC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.25. Premier had a return on equity of 11.69% and a net margin of 8.88%. The business 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 firm posted $0.70 earnings per share. The company's revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that Premier will post 1.04 earnings per share for the current year.

Premier Dividend Announcement

The firm 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 $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.71%. Premier's payout ratio is 81.55%.

Analyst Ratings Changes

PINC has been the topic of several recent analyst reports. Benchmark downgraded Premier from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. StockNews.com cut shares of Premier from a "buy" rating to a "hold" rating in a report on Tuesday. Robert W. Baird dropped their price target on shares of Premier from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 21st. Canaccord Genuity Group dropped their price objective on shares of Premier from $20.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Premier has a consensus rating of "Hold" and a consensus price target of $21.81.

Insider Activity at Premier

In related news, insider Andy Brailo sold 4,390 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $20.51, for a total value of $90,038.90. Following the sale, the insider now directly owns 104,410 shares in the company, valued at $2,141,449.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Andy Brailo sold 4,390 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $20.51, for a total value of $90,038.90. Following the sale, the insider now directly owns 104,410 shares of the company's stock, valued at approximately $2,141,449.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total value of $392,400.00. Following the completion of the sale, the chief operating officer now directly owns 131,707 shares in the company, valued at approximately $2,584,091.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,441 shares of company stock valued at $2,738,548 over the last quarter. Corporate insiders own 0.96% of the company's stock.

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.