Premier (PINC) Scheduled to Post Earnings on Tuesday

Premier (NASDAQ:PINC) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Premier has set its FY 2024 guidance at 2.060-2.180 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, February 5th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Premier had a net margin of 12.71% and a return on equity of 11.60%. The firm had revenue of $334.75 million for the quarter, compared to the consensus estimate of $338.55 million. On average, analysts expect Premier to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier Trading Down 3.3 %

Shares of PINC opened at $20.53 on Friday. The firm’s 50-day moving average is $21.20 and its two-hundred day moving average is $21.21. Premier has a twelve month low of $18.89 and a twelve month high of $28.30. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.46 billion, a P/E ratio of 14.77, a PEG ratio of 5.40 and a beta of 0.39.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 4.09%. Premier’s dividend payout ratio is presently 60.43%.

Analyst Ratings Changes

PINC has been the topic of a number of recent research reports. StockNews.com lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. SVB Leerink assumed coverage on Premier in a research note on Monday, February 26th. They issued a “market perform” rating and a $22.50 price target on the stock. Finally, Leerink Partnrs reiterated a “market perform” rating on shares of Premier in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.15.

Premier Company Profile

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 workforce solutions.