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

Premier (NASDAQ:PINC) issued its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09, Briefing.com reports. Premier had a net margin of 8.88% and a return on equity of 11.69%. The firm had revenue of $248.14 million for the quarter, compared to analyst estimates of $232.85 million. During the same period in the previous year, the firm earned $0.50 EPS. Premier’s revenue 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 Price Performance

Shares of Premier stock traded down $0.26 during trading on Thursday, hitting $23.08. 1,232,830 shares of the stock were exchanged, compared to its average volume of 1,363,050. The firm’s 50-day moving average price is $20.02 and its 200 day moving average price is $19.70. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 9.43 and a beta of 0.40. Premier has a 12-month low of $17.95 and a 12-month high of $23.43.

Premier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s dividend payout ratio is presently 81.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Benchmark downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Canaccord Genuity Group boosted their target price on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird lifted their price objective on Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.44.

Insider Activity at Premier

In other news, CEO Michael J. Alkire sold 19,362 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total transaction of $403,310.46. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael J. Alkire sold 19,362 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $20.83, for a total value of $403,310.46. Following the transaction, the chief executive officer now directly owns 578,143 shares of the company’s stock, valued at $12,042,718.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction 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 approximately $2,584,091.34. This trade represents 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 valued at $2,738,548 over the last quarter. 0.96% of the stock is owned by insiders.

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.