Premier (PINC) to Release Earnings on Tuesday

Premier (NASDAQ:PINCGet Rating) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 3rd. Analysts expect Premier to post earnings of $0.52 per share for the quarter. Premier has set its FY22 guidance at 2.45-$2.55 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Premier (NASDAQ:PINCGet Rating) last announced its quarterly earnings data on Tuesday, February 1st. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $379.20 million for the quarter, compared to analyst estimates of $347.71 million. Premier had a return on equity of 12.66% and a net margin of 17.42%. Premier’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, analysts expect Premier to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of PINC opened at $37.65 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. Premier has a 52-week low of $32.57 and a 52-week high of $42.15. The company has a 50-day simple moving average of $36.15 and a 200-day simple moving average of $38.13. The company has a market capitalization of $4.48 billion, a PE ratio of 15.82, a P/E/G ratio of 1.91 and a beta of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, May 31st. Premier’s dividend payout ratio is currently 33.61%.

Several institutional investors have recently added to or reduced their stakes in PINC. Metropolitan Life Insurance Co NY purchased a new stake in shares of Premier during the fourth quarter worth about $100,000. Advisors Asset Management Inc. boosted its position in Premier by 39.5% during the fourth quarter. Advisors Asset Management Inc. now owns 6,701 shares of the company’s stock worth $276,000 after acquiring an additional 1,898 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Premier by 48.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 10,062 shares of the company’s stock worth $414,000 after acquiring an additional 3,262 shares during the period. NewEdge Advisors LLC acquired a new position in Premier in the 4th quarter valued at $427,000. Finally, Jane Street Group LLC lifted its stake in shares of Premier by 59.3% during the 3rd quarter. Jane Street Group LLC now owns 21,246 shares of the company’s stock worth $823,000 after purchasing an additional 7,912 shares during the period. 68.74% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on PINC shares. Zacks Investment Research upgraded shares of Premier from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Guggenheim started coverage on shares of Premier in a research report on Wednesday, April 13th. They issued a “neutral” rating on the stock. Credit Suisse Group assumed coverage on shares of Premier in a report on Friday, April 1st. They set an “underperform” rating and a $35.00 target price for the company. Finally, StockNews.com raised shares of Premier from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.00.

About Premier (Get Rating)

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 document shredding.

Recommended Stories

Earnings History for Premier (NASDAQ:PINC)

Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.