Premier (NASDAQ:PINC) Releases Earnings Results, Beats Estimates By $0.25 EPS

Premier (NASDAQ:PINC) issued its earnings results on Tuesday. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.44 by $0.25, Briefing.com reports. The firm had revenue of $350.30 million during the quarter, compared to analysts’ expectations of $308.88 million. Premier had a return on equity of 11.71% and a net margin of 6.01%. Premier’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share. Premier updated its FY 2025 guidance to 1.160-1.280 EPS and its FY25 guidance to 1.16-1.28 EPS.

Premier Stock Up 0.7 %

Shares of NASDAQ PINC opened at $20.25 on Thursday. Premier has a 12-month low of $17.95 and a 12-month high of $24.27. The firm’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $20.19. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 6.47 and a beta of 0.42.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.15%. Premier’s dividend payout ratio is 131.25%.

Insider Buying and Selling at Premier

In other news, CFO Craig S. Mckasson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now directly owns 288,110 shares in the company, valued at $5,762,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Craig S. Mckasson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer now owns 288,110 shares in the company, valued at approximately $5,762,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Alkire sold 2,625 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.00, for a total value of $52,500.00. Following the transaction, the chief executive officer now directly owns 580,073 shares in the company, valued at approximately $11,601,460. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,428 shares of company stock worth $2,471,783. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group downgraded shares of Premier from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $27.00 to $21.00 in a report on Wednesday, May 8th. Canaccord Genuity Group decreased their price objective on Premier from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com upgraded Premier from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. cut their price objective on Premier from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Finally, Piper Sandler reduced their target price on shares of Premier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.14.

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.