Premier (NASDAQ:PINC) Updates FY25 Earnings Guidance

Premier (NASDAQ:PINC) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.16 to $1.28 for the period, compared to the consensus earnings per share estimate of $1.21. The company issued revenue guidance of $930 million to $1.02 billion, compared to the consensus revenue estimate of $977.45 million. Premier also updated its FY 2025 guidance to 1.160-1.280 EPS.

Analysts Set New Price Targets

Several research analysts have recently commented on PINC shares. Canaccord Genuity Group decreased their price target on shares of Premier from $20.00 to $19.00 and set a “hold” rating for the company 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 report on Wednesday, August 21st. JPMorgan Chase & Co. dropped 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 lowered Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Premier has a consensus rating of “Hold” and a consensus target price of $21.81.

Premier Stock Performance

NASDAQ:PINC opened at $20.01 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 9.56 and a beta of 0.40. Premier has a 1 year low of $17.95 and a 1 year high of $23.01. The business has a fifty day moving average of $19.89 and a 200-day moving average of $19.66.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.44 by $0.25. The firm had revenue of $350.30 million for the quarter, compared to analysts’ expectations of $308.88 million. Premier had a net margin of 8.88% and a return on equity of 11.69%. Premier’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. On average, equities research analysts predict that Premier will post 1.04 EPS for the current year.

Premier Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s payout ratio is currently 81.55%.

Insider Transactions at Premier

In related news, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 131,707 shares of the company’s stock, valued at $2,584,091.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 131,707 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $20.00, for a total transaction of $358,000.00. Following the completion of the transaction, the chief executive officer now owns 540,243 shares in the company, valued at approximately $10,804,860. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,441 shares of company stock valued at $2,738,548. Corporate 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.