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

Premier (NASDAQ:PINC) announced its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09, Briefing.com reports. Premier had a return on equity of 11.69% and a net margin of 8.88%. The firm had revenue of $248.14 million during the quarter, compared to the consensus estimate of $232.85 million. During the same period in the prior year, the business earned $0.50 EPS. The business’s revenue for the quarter was down 7.8% 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 to $1.28 EPS.

Premier Stock Down 1.1 %

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

Premier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.21 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 3.64%. Premier’s dividend payout ratio (DPR) is currently 81.55%.

Insider Buying and Selling

In related news, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total value of $392,400.00. Following the transaction, the chief operating officer now owns 131,707 shares in the company, valued at $2,584,091.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Andy Brailo sold 4,390 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $20.51, for a total value of $90,038.90. Following the completion of the sale, the insider now directly owns 104,410 shares of the company’s stock, valued at approximately $2,141,449.10. This 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 can be accessed through this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 131,707 shares in the company, valued at approximately $2,584,091.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,441 shares of company stock valued at $2,738,548. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

PINC has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price target on shares of Premier from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Barclays increased their price objective on Premier from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird boosted their target price on Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Benchmark lowered Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Premier has a consensus rating of “Hold” and a consensus price target of $22.44.

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.