Premier (NASDAQ:PINC) Updates FY 2025 Earnings Guidance

Premier (NASDAQ:PINC) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.260-1.340 for the period, compared to the consensus earnings per share estimate of 1.290. The company issued revenue guidance of $940.0 million-$1.0 billion, compared to the consensus revenue estimate of $990.8 million.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PINC. Robert W. Baird lifted their target price on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their target price on shares of Premier from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays boosted their price target on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.36.

Premier Price Performance

NASDAQ:PINC traded down $3.35 on Tuesday, hitting $19.05. 1,609,906 shares of the company’s stock were exchanged, compared to its average volume of 1,181,306. The firm has a 50-day moving average price of $21.91 and a 200-day moving average price of $20.96. Premier has a 52 week low of $17.95 and a 52 week high of $23.56. The company has a market cap of $1.83 billion, a P/E ratio of 14.08 and a beta of 0.43.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Premier had a return on equity of 10.74% and a net margin of 11.41%. On average, research analysts expect that Premier will post 1.12 earnings per share for the current fiscal year.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.41%. Premier’s payout ratio is 61.77%.

Insider Activity

In other Premier news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.88, for a total transaction of $437,600.00. Following the transaction, the chief operating officer now owns 111,707 shares in the company, valued at $2,444,149.16. This represents a 15.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Alkire sold 17,415 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $23.16, for a total transaction of $403,331.40. Following the transaction, the chief executive officer now owns 520,728 shares in the company, valued at approximately $12,060,060.48. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,425 shares of company stock valued at $1,320,242. 0.96% of the stock is 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.