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

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

Premier Price Performance

NASDAQ PINC traded up $0.05 on Thursday, reaching $20.15. 91,768 shares of the stock traded hands, compared to its average volume of 1,474,509. Premier has a 12 month low of $17.95 and a 12 month high of $24.27. 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 firm’s fifty day simple moving average is $19.31 and its 200 day simple moving average is $20.19. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 6.47 and a beta of 0.42.

Premier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st will be given 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 yield of 4.17%. Premier’s dividend payout ratio (DPR) is 131.25%.

Insider Transactions at Premier

In related news, CFO Craig S. Mckasson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer now owns 288,110 shares of the company’s stock, valued at $5,762,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Premier news, CFO Craig S. Mckasson sold 10,000 shares of Premier stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the chief financial officer now owns 278,110 shares in the company, valued at $5,562,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Craig S. Mckasson sold 30,000 shares of the company’s stock in a transaction 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 directly owns 288,110 shares in the company, valued at approximately $5,762,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,428 shares of company stock valued at $2,471,783. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Premier from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday. Canaccord Genuity Group lowered shares of Premier from a “buy” rating to a “hold” rating and reduced their target price for the company from $27.00 to $21.00 in a research note on Wednesday, May 8th. StockNews.com upgraded shares of Premier from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. cut their price target on Premier from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Finally, Piper Sandler reduced their price objective on Premier from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.