Brokerages expect Premier Inc (NASDAQ:PINC) to post $406.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Premier’s earnings. The highest sales estimate is $415.00 million and the lowest is $401.20 million. Premier reported sales of $379.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that Premier will report full-year sales of $406.69 million for the current financial year, with estimates ranging from $1.61 billion to $1.64 billion. For the next fiscal year, analysts expect that the business will post sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.76 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Premier.
Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $393.35 million. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share.
Premier (PINC) opened at $33.15 on Thursday. The stock has a market cap of $4,418.10, a PE ratio of -10.17, a PEG ratio of 1.29 and a beta of 0.50. Premier has a twelve month low of $27.16 and a twelve month high of $36.50. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of -0.01.
In related news, CEO Susan D. Devore sold 40,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.47, for a total transaction of $1,298,800.00. Following the transaction, the chief executive officer now directly owns 373,176 shares in the company, valued at $12,117,024.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $31.72, for a total transaction of $125,833.24. Following the transaction, the director now owns 11,233 shares in the company, valued at $356,310.76. The disclosure for this sale can be found here. 17.52% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. APG Asset Management N.V. raised its position in Premier by 214.8% in the fourth quarter. APG Asset Management N.V. now owns 1,227,900 shares of the company’s stock worth $29,849,000 after acquiring an additional 837,800 shares during the period. Allianz Asset Management GmbH bought a new stake in Premier in the third quarter worth about $316,000. Wells Fargo & Company MN raised its position in Premier by 101.5% in the third quarter. Wells Fargo & Company MN now owns 119,608 shares of the company’s stock worth $3,896,000 after acquiring an additional 60,257 shares during the period. Reinhart Partners Inc. raised its position in Premier by 54.3% in the fourth quarter. Reinhart Partners Inc. now owns 81,830 shares of the company’s stock worth $2,389,000 after acquiring an additional 28,810 shares during the period. Finally, Schroder Investment Management Group raised its position in Premier by 570.8% in the third quarter. Schroder Investment Management Group now owns 123,910 shares of the company’s stock worth $4,049,000 after acquiring an additional 105,439 shares during the period. 42.22% of the stock is currently owned by institutional investors and hedge funds.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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