Premier (NASDAQ:PINC) Updates FY 2025 Earnings Guidance

Premier (NASDAQ:PINC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.160-1.280 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $930.0 million-$1.0 billion, compared to the consensus revenue estimate of $977.2 million. Premier also updated its FY25 guidance to $1.16 to $1.28 EPS.

Premier Price Performance

NASDAQ PINC traded down $0.26 on Thursday, reaching $23.08. The stock had a trading volume of 1,232,650 shares, compared to its average volume of 1,360,875. The firm has a fifty day moving average of $20.02 and a two-hundred day moving average of $19.70. Premier has a 1-year low of $17.95 and a 1-year high of $23.43. The company has a market cap of $2.31 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 9.43 and a beta of 0.40.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The company had revenue of $248.14 million for the quarter, compared to analyst estimates of $232.85 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. Premier’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Research analysts predict that Premier will post 1.04 EPS for the current fiscal year.

Premier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s dividend payout ratio (DPR) is currently 81.55%.

Analysts Set New Price Targets

Several equities analysts have commented on PINC shares. StockNews.com downgraded Premier from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity Group increased their target price on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. Robert W. Baird increased their price target on Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday. Benchmark downgraded Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, Barclays raised their price objective on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.44.

Insiders Place Their Bets

In other news, CFO Craig S. Mckasson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief financial officer now owns 278,110 shares in the company, valued at $5,562,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Premier news, insider Andy Brailo sold 4,390 shares of Premier stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $20.51, for a total transaction of $90,038.90. Following the transaction, the insider now owns 104,410 shares of the company’s stock, valued at $2,141,449.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig S. Mckasson sold 10,000 shares of Premier stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the chief financial officer now directly owns 278,110 shares in the company, valued at approximately $5,562,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,441 shares of company stock worth $2,738,548. 0.96% of the stock is owned by corporate 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.