Premier (NASDAQ:PINC – Get Rating) will announce its earnings results before the market opens on Tuesday, February seventh. Analysts expect the corporate to announce earnings of $0.59 per share for the quarter. Investors that want to register for the corporate’s conference call can accomplish that using this link.
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Premier (NASDAQ:PINC – Get Rating) last released its earnings results on Tuesday, November 1st. The corporate reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $313.87 million throughout the quarter, in comparison with analyst estimates of $327.95 million. Premier had a net margin of 13.50% and a return on equity of 11.35%. On average, analysts expect Premier to post $2 EPS for the present fiscal 12 months and $3 EPS for the following fiscal 12 months.
Premier Price Performance
PINC stock opened at $33.04 on Tuesday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.37 and a beta of 0.32. The corporate has a fast ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 0.08. Premier has a 12-month low of $30.82 and a 12-month high of $38.98. The corporate’s fifty day easy moving average is $33.83 and its 200 day easy moving average is $34.64.
Premier Dividend Announcement
The corporate also recently announced a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Investors of record on Wednesday, March 1st will probably be issued a $0.21 dividend. The ex-dividend date is Tuesday, February twenty eighth. This represents a $0.84 annualized dividend and a yield of two.54%. Premier’s payout ratio is 54.19%.
Institutional Investors Weigh In On Premier
Hedge funds and other institutional investors have recently made changes to their positions within the business. Captrust Financial Advisors boosted its holdings in Premier by 48.5% throughout the second quarter. Captrust Financial Advisors now owns 1,362 shares of the corporate’s stock price $49,000 after purchasing a further 445 shares throughout the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Fundamental purchased a recent position in Premier throughout the second quarter price about $78,000. MetLife Investment Management LLC purchased a recent position in Premier throughout the first quarter price about $84,000. Ensign Peak Advisors Inc purchased a recent position in Premier throughout the first quarter price about $185,000. Finally, Covestor Ltd boosted its holdings in Premier by 83.4% throughout the first quarter. Covestor Ltd now owns 5,302 shares of the corporate’s stock price $189,000 after purchasing a further 2,411 shares throughout the last quarter. 66.93% of the stock is owned by institutional investors.
Analyst Rankings Changes
Several equities analysts recently issued reports on PINC shares. JPMorgan Chase & Co. dropped their goal price on shares of Premier from $41.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 18th. Raymond James decreased their price goal on shares of Premier from $45.00 to $40.00 and set an “outperform” rating for the corporate in a research note on Thursday, November third. Barclays decreased their price goal on shares of Premier to $33.00 in a research note on Thursday, October thirteenth. Robert W. Baird raised shares of Premier from a “neutral” rating to an “outperform” rating and set a $41.00 price goal for the corporate in a research note on Wednesday, November 2nd. Finally, Credit Suisse Group raised shares of Premier from an “underperform” rating to a “neutral” rating and set a $38.00 price goal for the corporate in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the corporate. Based on MarketBeat.com, Premier currently has a consensus rating of “Moderate Buy” and a consensus goal price of $40.56.
About Premier
Premier, Inc engages in the availability of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the US, supply chain co-management, and direct sourcing activities.
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