Wall Street analysts predict that Premier, Inc. (NASDAQ:PINC – Get Rating) will post $337.58 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Premier’s earnings. The lowest sales estimate is $330.20 million and the highest is $342.05 million. Premier posted sales of $481.52 million during the same quarter last year, which suggests a negative year over year growth rate of 29.9%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Premier will report full year sales of $1.43 billion for the current year, with estimates ranging from $1.41 billion to $1.43 billion. For the next financial year, analysts expect that the business will post sales of $1.45 billion, with estimates ranging from $1.40 billion to $1.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Premier.
Premier (NASDAQ:PINC – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $347.84 million during the quarter, compared to the consensus estimate of $340.10 million. Premier had a return on equity of 12.13% and a net margin of 18.14%. Premier’s revenue was down 26.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS.
PINC stock opened at $36.68 on Monday. The company’s 50 day moving average price is $36.25 and its 200 day moving average price is $37.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 0.88. Premier has a fifty-two week low of $32.57 and a fifty-two week high of $42.15. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.64 and a beta of 0.28.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, May 31st. Premier’s payout ratio is currently 34.63%.
Several hedge funds have recently bought and sold shares of PINC. Acadian Asset Management LLC acquired a new stake in shares of Premier in the fourth quarter valued at approximately $42,000. Quadrant Capital Group LLC boosted its holdings in shares of Premier by 124.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,559 shares of the company’s stock valued at $64,000 after acquiring an additional 864 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Premier in the first quarter valued at approximately $84,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Premier in the fourth quarter valued at approximately $91,000. Finally, Destiny Wealth Partners LLC boosted its holdings in shares of Premier by 55.5% in the first quarter. Destiny Wealth Partners LLC now owns 2,544 shares of the company’s stock valued at $91,000 after acquiring an additional 908 shares during the period. 67.78% of the stock is owned by institutional investors and hedge funds.
Premier Company Profile (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.
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