Premier (NASDAQ:PINC - Get Free Report) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Premier to post earnings of $0.42 per share for the quarter. Premier has set its FY 2024 guidance at 2.060-2.180 EPS.Investors interested in participating in the company's conference call can do so using this link.
Premier (NASDAQ:PINC - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The company had revenue of $334.75 million during the quarter, compared to analyst estimates of $338.55 million. Premier had a net margin of 12.71% and a return on equity of 11.60%. 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 1.3 %
PINC stock traded down $0.28 during mid-day trading on Tuesday, reaching $20.88. The company had a trading volume of 999,323 shares, compared to its average volume of 1,523,456. The company has a market capitalization of $2.50 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 5.33 and a beta of 0.38. The firm has a 50 day moving average of $21.24 and a 200 day moving average of $21.20. Premier has a 12 month low of $18.89 and a 12 month high of $33.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.43 and a quick ratio of 1.32.
Premier Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 4.02%. Premier's dividend payout ratio (DPR) is currently 60.43%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. SVB Leerink initiated coverage on Premier in a report on Monday, February 26th. They issued a "market perform" rating and a $22.50 target price for the company. StockNews.com cut shares of Premier from a "buy" rating to a "hold" rating in a report on Wednesday, February 7th. Barclays started coverage on shares of Premier in a report on Wednesday, January 3rd. They issued an "equal weight" rating and a $22.00 price target for the company. Finally, Leerink Partnrs reiterated a "market perform" rating on shares of Premier in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.15.
Read Our Latest Research Report on PINC
About Premier
(
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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.
Further Reading
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