Brokerages Anticipate Premier, Inc. (PINC) Will Announce Earnings of $0.47 Per Share

Equities analysts expect Premier, Inc. (NASDAQ:PINC) to report earnings per share of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Premier’s earnings, with estimates ranging from $0.45 to $0.50. Premier posted earnings per share of $0.46 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Monday, February 5th.

On average, analysts expect that Premier will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.98 to $2.06. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.17 per share, with EPS estimates ranging from $2.11 to $2.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Premier.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.05). Premier had a net margin of 17.99% and a negative return on equity of 18.31%. The firm had revenue of $390.56 million during the quarter, compared to analyst estimates of $389.56 million. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 24.7% compared to the same quarter last year.

PINC has been the subject of several recent research reports. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Wednesday, August 9th. SunTrust Banks lowered their price objective on Premier to $36.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Robert W. Baird reiterated a “buy” rating and issued a $35.00 target price on shares of Premier in a report on Friday, November 10th. KeyCorp reiterated a “buy” rating and issued a $42.00 target price on shares of Premier in a report on Wednesday, October 4th. Finally, Oppenheimer reiterated a “buy” rating and issued a $40.00 target price on shares of Premier in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.38.

In other Premier news, COO Michael J. Alkire sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $29.90, for a total transaction of $747,500.00. Following the transaction, the chief operating officer now directly owns 180,550 shares in the company, valued at approximately $5,398,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.52% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Suntrust Banks Inc. bought a new position in shares of Premier during the 2nd quarter worth approximately $276,000. Vanguard Group Inc. raised its position in shares of Premier by 7.4% during the second quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after purchasing an additional 300,387 shares during the period. Reinhart Partners Inc. acquired a new position in shares of Premier during the third quarter worth approximately $1,727,000. Citadel Advisors LLC raised its position in shares of Premier by 37.7% during the second quarter. Citadel Advisors LLC now owns 1,193,181 shares of the company’s stock worth $42,954,000 after purchasing an additional 326,899 shares during the period. Finally, Burgundy Asset Management Ltd. raised its position in shares of Premier by 2.3% during the second quarter. Burgundy Asset Management Ltd. now owns 316,600 shares of the company’s stock worth $11,398,000 after purchasing an additional 7,020 shares during the period. Hedge funds and other institutional investors own 38.31% of the company’s stock.

Premier (NASDAQ PINC) traded up $0.29 during trading on Monday, hitting $29.46. The stock had a trading volume of 964,491 shares, compared to its average volume of 513,558. Premier has a one year low of $27.16 and a one year high of $36.50. The firm has a market capitalization of $4,034.45, a P/E ratio of 16.15, a P/E/G ratio of 1.29 and a beta of 0.40.

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Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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