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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PINC shares. Benchmark lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Barclays upped their target price on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird upped their target price on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday. Canaccord Genuity Group upped their target price on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective 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. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.44.

Premier Trading Up 3.0 %

NASDAQ:PINC traded up $0.67 during trading hours on Wednesday, hitting $23.34. The stock had a trading volume of 1,825,142 shares, compared to its average volume of 1,363,656. Premier has a 1-year low of $17.95 and a 1-year high of $23.43. The business has a 50 day simple moving average of $19.95 and a two-hundred day simple moving average of $19.67. The company has a market cap of $2.34 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 9.43 and a beta of 0.40.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Premier had a net margin of 8.88% and a return on equity of 11.69%. The business had revenue of $350.30 million during the quarter, compared to the consensus estimate of $308.88 million. During the same quarter last year, the company earned $0.70 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Premier will post 1.04 EPS for the current fiscal year.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.60%. The ex-dividend date is Friday, November 29th. Premier’s dividend payout ratio (DPR) is presently 81.55%.

Insider Buying and Selling

In related news, CEO Michael J. Alkire sold 19,362 shares of the firm’s 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 transaction, the chief executive officer now directly owns 578,143 shares in the company, valued at $12,042,718.69. This trade 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 through this hyperlink. In other Premier news, CEO Michael J. Alkire sold 19,362 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total value of $403,310.46. Following the sale, the chief executive officer now directly owns 578,143 shares in the company, valued at approximately $12,042,718.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig S. Mckasson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the chief financial officer now owns 278,110 shares in the company, valued at $5,562,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,441 shares of company stock worth $2,738,548 over the last ninety days. 0.96% of the stock is owned by insiders.

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.