Premier (NASDAQ:PINC) Releases FY 2025 Earnings Guidance

Premier (NASDAQ:PINC) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.160-1.280 for the period, compared to the consensus EPS 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 Stock Up 13.5 %

Shares of NASDAQ PINC traded up $2.71 during mid-day trading on Tuesday, reaching $22.72. 1,313,935 shares of the company were exchanged, compared to its average volume of 1,355,774. The stock has a market capitalization of $2.28 billion, a PE ratio of 19.43, a PEG ratio of 9.56 and a beta of 0.40. Premier has a 52 week low of $17.95 and a 52 week high of $23.01. The company’s 50 day moving average price is $19.89 and its 200 day moving average price is $19.66.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. 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 11.69% and a net margin of 8.88%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. On average, sell-side analysts predict that Premier will post 1.04 earnings per share for the current year.

Premier Announces Dividend

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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s dividend payout ratio (DPR) is presently 81.55%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Canaccord Genuity Group reduced their target price on shares of Premier from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Robert W. Baird lowered their target price on Premier from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Benchmark downgraded Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.81.

Insider Transactions at Premier

In related news, CEO Michael J. Alkire sold 17,900 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the transaction, the chief executive officer now directly owns 540,243 shares of the company’s stock, valued at $10,804,860. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Craig S. Mckasson sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 278,110 shares in the company, valued at $5,562,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the transaction, the chief executive officer now directly owns 540,243 shares of the company’s stock, valued at approximately $10,804,860. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,441 shares of company stock valued at $2,738,548. Company insiders own 0.96% of the company’s stock.

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.