Equities analysts expect Premier, Inc. (NASDAQ:PINC – Get Rating) to post $335.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Premier’s earnings, with the lowest sales estimate coming in at $330.20 million and the highest estimate coming in at $339.08 million. Premier reported sales of $481.52 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.4%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Premier will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $1.42 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.43 billion, with estimates ranging from $1.41 billion to $1.44 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Premier.
Premier (NASDAQ:PINC – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Premier had a return on equity of 12.13% and a net margin of 18.14%. The business had revenue of $347.84 million for the quarter, compared to analyst estimates of $340.10 million. During the same quarter in the previous year, the company earned $0.55 EPS. The company’s quarterly revenue was down 26.0% on a year-over-year basis.
PINC stock opened at $37.11 on Monday. Premier has a 1 year low of $32.57 and a 1 year high of $42.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 0.88. The stock’s 50 day moving average price is $36.74 and its 200 day moving average price is $37.51. The firm has a market cap of $4.38 billion, a P/E ratio of 16.06, a PEG ratio of 1.69 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 dividend of $0.20 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.16%. Premier’s payout ratio is 34.63%.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Premier by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 11,216,796 shares of the company’s stock valued at $399,205,000 after purchasing an additional 390,512 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Premier by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,031,270 shares of the company’s stock valued at $107,889,000 after purchasing an additional 192,419 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Premier by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,728,289 shares of the company’s stock valued at $112,324,000 after purchasing an additional 241,057 shares in the last quarter. First Trust Advisors LP increased its holdings in Premier by 9.2% in the 1st quarter. First Trust Advisors LP now owns 2,459,509 shares of the company’s stock valued at $87,534,000 after purchasing an additional 206,525 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Premier in the 4th quarter valued at $93,408,000. Institutional investors and hedge funds own 67.78% of the company’s stock.
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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