Premier (PINC) Projected to Post Quarterly Earnings on Tuesday

Premier (NASDAQ:PINC - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $243.51 million for the quarter. Premier has set its FY 2025 guidance at 1.160-1.280 EPS and its FY25 guidance at $1.16 to $1.28 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Premier (NASDAQ:PINC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. The business had revenue of $248.14 million during the quarter, compared to analysts' expectations of $232.85 million. Premier had a return on equity of 10.74% and a net margin of 11.41%. Premier's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. On average, analysts expect Premier to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Premier Trading Down 1.6 %

NASDAQ:PINC traded down $0.36 on Friday, hitting $22.64. The company's stock had a trading volume of 727,492 shares, compared to its average volume of 1,138,766. Premier has a one year low of $17.95 and a one year high of $23.56. The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.61 and a beta of 0.43. The stock has a fifty day moving average of $21.92 and a two-hundred day moving average of $20.89.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, February 28th. Premier's dividend payout ratio (DPR) is presently 61.77%.

Insiders Place Their Bets

In related news, CEO Michael J. Alkire sold 17,415 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $23.16, for a total transaction of $403,331.40. Following the completion of the sale, the chief executive officer now owns 520,728 shares of the company's stock, valued at $12,060,060.48. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.42, for a total transaction of $53,550.00. Following the sale, the director now owns 20,668 shares in the company, valued at $442,708.56. The trade was a 10.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,425 shares of company stock worth $1,320,242 in the last quarter. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PINC. Robert W. Baird lifted their price objective on shares of Premier from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Canaccord Genuity Group lifted their target price on shares of Premier from $19.00 to $21.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Barclays increased their price target on shares of Premier from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. Finally, StockNews.com cut Premier from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, Premier currently has an average rating of "Hold" and a consensus price target of $21.36.

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.