Premier (NASDAQ:PINC) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Premier (NASDAQ:PINC) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09, Briefing.com reports. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm had revenue of $248.14 million for the quarter, compared to analysts’ expectations of $232.85 million. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. Premier updated its FY 2025 guidance to 1.160-1.280 EPS and its FY25 guidance to $1.16 to $1.28 EPS.

Premier Trading Down 1.1 %

Shares of NASDAQ:PINC traded down $0.26 during trading on Thursday, reaching $23.08. 1,232,830 shares of the company traded hands, compared to its average volume of 1,363,050. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 9.43 and a beta of 0.40. Premier has a 52-week low of $17.95 and a 52-week high of $23.43. The business’s fifty day moving average is $20.02 and its 200-day moving average is $19.70.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, November 29th. Premier’s payout ratio is currently 81.55%.

Analyst Upgrades and Downgrades

PINC has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. Robert W. Baird upped 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. JPMorgan Chase & Co. decreased their price objective on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, Barclays upped their price objective on shares of Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.44.

Insider Activity

In other news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the completion of the sale, the chief operating officer now owns 131,707 shares of the company’s stock, valued at approximately $2,584,091.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael J. Alkire sold 19,362 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total value of $403,310.46. Following the completion of the sale, the chief executive officer now owns 578,143 shares of the company’s stock, valued at $12,042,718.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at $2,584,091.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,441 shares of company stock valued at $2,738,548. 0.96% of the stock is currently owned by company insiders.

Premier Company Profile

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.