Premier (NASDAQ:PINC) Issues Quarterly Earnings Results

Key Points

• Premier (NASDAQ:PINC) reported earnings of $0.43 EPS, exceeding expectations of $0.34 EPS by $0.09, despite a 12.5% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.21, equating to an annualized yield of 3.2%, with a dividend payout ratio of 147.37%.
• Following the earnings announcement, Premier's stock rose by 8.6%, trading at approximately $26.53, with significant trading volume of over 2 million shares on that day.

Premier (NASDAQ:PINC - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.09, RTT News reports. Premier had a return on equity of 7.04% and a net margin of 2.00%.The business had revenue of $262.86 million during the quarter, compared to analysts' expectations of $247.10 million. During the same quarter last year, the company posted $0.69 earnings per share. Premier's quarterly revenue was down 12.5% on a year-over-year basis. Premier updated its FY 2026 guidance to 1.330-1.430 EPS.

Premier Trading Down 1.7%

Shares of NASDAQ:PINC traded down $0.44 during trading on Friday, reaching $25.14. 1,612,583 shares of the stock were exchanged, compared to its average volume of 1,903,392. Premier has a 12 month low of $17.23 and a 12 month high of $27.26. The stock has a 50-day moving average price of $22.30 and a 200-day moving average price of $20.91. The firm has a market cap of $2.07 billion, a PE ratio of 114.28 and a beta of 0.56.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Premier's payout ratio is currently 381.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on PINC shares. Piper Sandler lifted their price target on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Robert W. Baird lifted their price target on Premier from $22.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday. UBS Group lifted their price target on Premier from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday. Leerink Partners lifted their price target on Premier from $24.00 to $26.00 and gave the stock a "market perform" rating in a report on Tuesday, August 19th. Finally, Canaccord Genuity Group lifted their price target on Premier from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Wednesday. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Premier presently has an average rating of "Reduce" and an average price target of $24.00.

Insider Buying and Selling

In other news, Director John T. Bigalke sold 1,137 shares of Premier stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $23.03, for a total value of $26,185.11. Following the completion of the sale, the director directly owned 28,673 shares in the company, valued at approximately $660,339.19. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Helen M. Boudreau sold 2,000 shares of Premier stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $22.88, for a total transaction of $45,760.00. Following the completion of the sale, the director owned 18,668 shares of the company's stock, valued at approximately $427,123.84. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Premier

A number of hedge funds and other institutional investors have recently made changes to their positions in PINC. 8 Knots Management LLC acquired a new stake in shares of Premier in the second quarter valued at approximately $37,151,000. State Street Corp raised its position in Premier by 17.6% during the second quarter. State Street Corp now owns 4,259,088 shares of the company's stock valued at $93,402,000 after purchasing an additional 638,498 shares in the last quarter. Royal Bank of Canada raised its position in Premier by 2,482.1% during the first quarter. Royal Bank of Canada now owns 461,445 shares of the company's stock valued at $8,896,000 after purchasing an additional 443,574 shares in the last quarter. Millennium Management LLC raised its position in Premier by 101.2% during the first quarter. Millennium Management LLC now owns 809,939 shares of the company's stock valued at $15,616,000 after purchasing an additional 407,373 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Premier by 30.1% during the second quarter. Quantinno Capital Management LP now owns 364,197 shares of the company's stock valued at $7,987,000 after purchasing an additional 84,205 shares in the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

About Premier

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.