Premier (NASDAQ:PINC) Releases FY 2026 Earnings Guidance

Key Points

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Premier (NASDAQ:PINC - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.330-1.430 for the period, compared to the consensus estimate of 1.330. The company issued revenue guidance of $940.0 million-$1.0 billion, compared to the consensus revenue estimate of $966.1 million.

Wall Street Analyst Weigh In

PINC has been the topic of several analyst reports. Piper Sandler lifted their target price on Premier from $19.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Canaccord Genuity Group lifted their target price on Premier from $19.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird lifted their target price on Premier from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.20.

Premier Price Performance

PINC opened at $24.43 on Tuesday. Premier has a 1 year low of $17.23 and a 1 year high of $25.27. The firm has a market capitalization of $2.01 billion, a PE ratio of 42.86 and a beta of 0.56. The business's 50-day moving average is $22.06 and its two-hundred day moving average is $20.77.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Premier's payout ratio is 147.37%.

Insider Transactions at Premier

In other news, Director Helen M. Boudreau sold 2,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $22.88, for a total transaction of $45,760.00. Following the sale, the director owned 18,668 shares in the company, valued at approximately $427,123.84. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Bigalke sold 1,137 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $23.03, for a total value of $26,185.11. Following the sale, the director owned 28,673 shares in the company, valued at $660,339.19. The trade was a 3.81% decrease in their position. 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 large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Premier by 17.6% during the second quarter. State Street Corp now owns 4,259,088 shares of the company's stock worth $93,402,000 after purchasing an additional 638,498 shares during the period. 8 Knots Management LLC acquired a new stake in shares of Premier during the second quarter worth about $37,151,000. Millennium Management LLC lifted its holdings in shares of Premier by 101.2% during the first quarter. Millennium Management LLC now owns 809,939 shares of the company's stock worth $15,616,000 after purchasing an additional 407,373 shares during the period. Royal Bank of Canada lifted its holdings in shares of Premier by 2,482.1% during the first quarter. Royal Bank of Canada now owns 461,445 shares of the company's stock worth $8,896,000 after purchasing an additional 443,574 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Premier by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 413,347 shares of the company's stock worth $7,969,000 after purchasing an additional 28,496 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company's stock.

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.

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