Q3 2018 Earnings Estimate for Premier Inc Issued By KeyCorp (PINC)

Premier Inc (NASDAQ:PINC) – KeyCorp raised their Q3 2018 EPS estimates for shares of Premier in a research report issued on Monday. KeyCorp analyst D. Hooker now forecasts that the company will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.52. KeyCorp also issued estimates for Premier’s Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.62 EPS and Q4 2019 earnings at $0.62 EPS.

A number of other analysts also recently weighed in on PINC. Robert W. Baird reissued a “buy” rating and set a $35.00 price target on shares of Premier in a research report on Friday, November 10th. SunTrust Banks lowered their price objective on Premier to $36.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Oppenheimer restated a “buy” rating and set a $40.00 price objective on shares of Premier in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $30.00 price objective on shares of Premier in a research note on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Premier has an average rating of “Buy” and a consensus price target of $36.86.

Premier (PINC) traded down $0.06 during mid-day trading on Thursday, hitting $31.22. 299,771 shares of the stock were exchanged, compared to its average volume of 740,531. Premier has a twelve month low of $27.16 and a twelve month high of $36.50. The company has a debt-to-equity ratio of -0.01, a current ratio of 0.83 and a quick ratio of 0.69. The firm has a market capitalization of $4,411.24, a P/E ratio of -9.60, a P/E/G ratio of 1.34 and a beta of 0.50.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $393.35 million. During the same quarter last year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Premier by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after purchasing an additional 315 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Premier by 2.5% during the second quarter. Voya Investment Management LLC now owns 15,889 shares of the company’s stock worth $572,000 after acquiring an additional 382 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Premier by 2.3% during the second quarter. Alliancebernstein L.P. now owns 32,057 shares of the company’s stock worth $1,154,000 after acquiring an additional 708 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Premier by 1.0% during the second quarter. California State Teachers Retirement System now owns 93,550 shares of the company’s stock worth $3,368,000 after acquiring an additional 888 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Premier by 30.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock worth $173,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors own 39.52% of the company’s stock.

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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.

Earnings History and Estimates for Premier (NASDAQ:PINC)

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