Premier (NASDAQ:PINC) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Premier (NASDAQ:PINC) issued its quarterly earnings data on Tuesday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09, Briefing.com reports. The firm had revenue of $248.14 million during the quarter, compared to the consensus estimate of $232.85 million. Premier had a net margin of 8.88% and a return on equity of 11.69%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Premier updated its FY 2025 guidance to 1.160-1.280 EPS and its FY25 guidance to $1.16 to $1.28 EPS.

Premier Stock Performance

Shares of NASDAQ:PINC traded down $0.26 during trading on Thursday, reaching $23.08. 1,232,830 shares of the stock traded hands, compared to its average volume of 1,363,050. Premier has a 52-week low of $17.95 and a 52-week high of $23.43. The stock has a market cap of $2.31 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 9.43 and a beta of 0.40. The stock has a 50-day moving average of $20.02 and a two-hundred day moving average of $19.70.

Premier Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, November 29th. Premier’s payout ratio is 81.55%.

Insiders Place Their Bets

In other Premier news, CEO Michael J. Alkire sold 17,900 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $20.00, for a total value of $358,000.00. Following the transaction, the chief executive officer now directly owns 540,243 shares in the company, valued at approximately $10,804,860. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael J. Alkire sold 17,900 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Alkire sold 19,362 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total transaction of $403,310.46. Following the completion of the sale, the chief executive officer now directly owns 578,143 shares of the company’s stock, valued at approximately $12,042,718.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,441 shares of company stock worth $2,738,548. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

PINC has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday. 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 research report on Wednesday. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. reduced their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Robert W. Baird boosted their price target on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.44.

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.