Premier (NASDAQ:PINC) Issues FY 2025 Earnings Guidance

Premier (NASDAQ:PINC - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.370-1.430 for the period, compared to the consensus earnings per share estimate of 1.290. The company issued revenue guidance of $955.0 million-$995.0 million, compared to the consensus revenue estimate of $986.4 million.

Premier Stock Performance

Shares of NASDAQ PINC traded down $0.23 during midday trading on Friday, hitting $23.07. 2,122,832 shares of the stock traded hands, compared to its average volume of 1,249,195. Premier has a one year low of $17.23 and a one year high of $23.56. The firm has a market capitalization of $2.11 billion, a P/E ratio of -230.68 and a beta of 0.54. The firm has a 50-day moving average of $19.51 and a two-hundred day moving average of $20.55.

Premier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.64%. Premier's dividend payout ratio is currently -840.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Premier from $19.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday. Robert W. Baird reduced their price objective on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler cut their price target on Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.60.

Insider Transactions at Premier

In related news, General Counsel David L. Klatsky sold 10,982 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $22.74, for a total value of $249,730.68. Following the completion of the sale, the general counsel now owns 76,093 shares in the company, valued at approximately $1,730,354.82. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 22,119 shares of company stock worth $464,974. 0.96% of the stock is currently owned by company insiders.

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.