Wall Street analysts forecast that Premier (NASDAQ:PINC) will post sales of $406.69 million for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Premier’s earnings. The lowest sales estimate is $401.20 million and the highest is $415.00 million. Premier posted sales of $379.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is scheduled to report its next quarterly earnings report on Monday, May 14th.
On average, 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 anticipate that the business will report sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Premier.
Premier (NASDAQ:PINC) last issued its earnings results on Monday, February 5th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $393.35 million. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share.
In related news, CEO Susan D. Devore sold 40,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.47, for a total value of $1,298,800.00. Following the completion of the transaction, the chief executive officer now owns 373,176 shares in the company, valued at approximately $12,117,024.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leigh Anderson sold 1,177 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $31.85, for a total value of $37,487.45. Following the completion of the transaction, the senior vice president now owns 10,784 shares of the company’s stock, valued at approximately $343,470.40. The disclosure for this sale can be found here. Insiders sold a total of 55,394 shares of company stock valued at $1,815,003 in the last quarter. 17.52% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in PINC. The Manufacturers Life Insurance Company boosted its position in shares of Premier by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after purchasing an additional 315 shares during the period. Sei Investments Co. boosted its position in shares of Premier by 37.1% in the 3rd quarter. Sei Investments Co. now owns 41,354 shares of the company’s stock valued at $1,347,000 after purchasing an additional 11,192 shares during the period. Nordea Investment Management AB boosted its position in shares of Premier by 18.3% in the 3rd quarter. Nordea Investment Management AB now owns 65,734 shares of the company’s stock valued at $2,141,000 after purchasing an additional 10,182 shares during the period. Legal & General Group Plc boosted its position in shares of Premier by 25.7% in the 3rd quarter. Legal & General Group Plc now owns 23,788 shares of the company’s stock valued at $775,000 after purchasing an additional 4,866 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Premier by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,380,922 shares of the company’s stock valued at $77,808,000 after purchasing an additional 73,535 shares during the period. Institutional investors and hedge funds own 42.91% of the company’s stock.
Shares of PINC traded down $0.36 during trading hours on Wednesday, reaching $30.90. 567,926 shares of the company’s stock traded hands, compared to its average volume of 666,305. The firm has a market capitalization of $4,241.70, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.20 and a beta of 0.49. Premier has a twelve month low of $27.16 and a twelve month high of $36.50. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83.
Premier Company Profile
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services and software-as-a-service informatics products.
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