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 research reports. Piper Sandler upped their target price on Premier from $19.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 21st. Canaccord Genuity Group upped their target price on Premier from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Wednesday. Robert W. Baird upped their target price on Premier from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday. UBS Group upped their target price on Premier from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Bank of America upped their target price on Premier from $19.00 to $21.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 19th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $24.00.

Premier Stock Down 1.7%

PINC stock traded down $0.44 during midday trading on Friday, hitting $25.14. 1,612,583 shares of the company traded hands, compared to its average volume of 1,903,392. Premier has a twelve month low of $17.23 and a twelve month high of $27.26. The business has a 50 day simple moving average of $22.30 and a 200-day simple moving average of $20.91. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 114.28 and a beta of 0.56.

Premier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Premier's dividend payout ratio (DPR) is 381.82%.

Insider Activity at Premier

In related news, Director John T. Bigalke sold 1,137 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $23.03, for a total transaction of $26,185.11. Following the completion of the sale, the director owned 28,673 shares in the company, valued at $660,339.19. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helen M. Boudreau sold 2,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $22.88, for a total value of $45,760.00. Following 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 position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Institutional Trading of Premier

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in Premier by 3.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 27,868 shares of the company's stock valued at $611,000 after purchasing an additional 852 shares during the period. California State Teachers Retirement System grew its position in Premier by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 92,072 shares of the company's stock worth $2,019,000 after purchasing an additional 1,042 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Premier by 155.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,541 shares of the company's stock worth $55,000 after purchasing an additional 1,545 shares during the last quarter. Baird Financial Group Inc. grew its position in Premier by 4.0% in the 2nd quarter. Baird Financial Group Inc. now owns 59,071 shares of the company's stock worth $1,295,000 after purchasing an additional 2,245 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Premier by 316.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company's stock worth $65,000 after purchasing an additional 2,255 shares during the last quarter. 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.