Premier (PINC) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PINC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares.
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12 Wall Street research analysts have issued 1 year price objectives for Premier's shares. Their PINC share price targets range from $21.00 to $30.00. On average, they predict the company's share price to reach $25.15 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
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Premier's stock was trading at $22.36 on January 1st, 2024. Since then, PINC shares have decreased by 5.8% and is now trading at $21.06.
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Premier saw a drop in short interest in March. As of March 31st, there was short interest totaling 4,430,000 shares, a drop of 29.8% from the March 15th total of 6,310,000 shares. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.7% of the shares of the company are short sold.
View Premier's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PINC earnings forecast.

Premier will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Premier, Inc. (NASDAQ:PINC) announced its earnings results on Monday, February, 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company earned $334.75 million during the quarter, compared to analyst estimates of $338.55 million. Premier had a net margin of 12.71% and a trailing twelve-month return on equity of 11.60%.

Premier announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Friday, March 1st will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for PINC.

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.07%. PINC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 39.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

ETFs with the largest weight of Premier (NASDAQ:PINC) stock in their portfolio include Small Cap US Equity Select ETF (RNSC), Fidelity Digital Health ETF (FDHT), Invesco S&P SmallCap Health Care ETF (PSCH), First Trust Health Care AlphaDEX Fund (FXH), SPDR S&P Health Care Services ETF (XHS), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Hartford Multifactor Small Cap ETF (ROSC).

Premier issued an update on its FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of $2.06-2.18 for the period, compared to the consensus EPS estimate of $2.16. The company issued revenue guidance of $1.265-1.325 billion, compared to the consensus revenue estimate of $1.34 billion.

157 employees have rated Premier Chief Executive Officer Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among the company's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Energy Transfer (ET), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Motors (GM) and Home Depot (HD).

Premier's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.11%), Carolina Wealth Advisors LLC (0.22%), Alaska Permanent Fund Corp (0.09%), Range Financial Group LLC (0.04%), Thompson Investment Management Inc. (0.02%) and Oak Thistle LLC (0.01%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky and Leigh Anderson.
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Shares of PINC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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