Premier (NASDAQ:PINC) Updates FY 2025 Earnings Guidance

Premier (NASDAQ:PINC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Premier from $21.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Piper Sandler reduced their price target on shares of Premier from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Robert W. Baird decreased their price objective on shares of Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.17.

Premier Price Performance

Shares of NASDAQ PINC opened at $21.77 on Tuesday. Premier has a 1 year low of $17.23 and a 1 year high of $23.56. The firm has a market cap of $1.99 billion, a PE ratio of -216.79 and a beta of 0.54. The company has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $20.46.

Premier (NASDAQ:PINC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.07. Premier had a positive return on equity of 9.41% and a negative net margin of 0.40%. As a group, research analysts anticipate that Premier will post 1.13 earnings per share for the current fiscal year.

Premier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.86%. Premier's payout ratio is -840.00%.

Insider Buying and Selling at Premier

In related news, General Counsel David L. Klatsky sold 10,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total transaction of $195,300.00. Following the completion of the sale, the general counsel now owns 90,597 shares in the company, valued at approximately $1,769,359.41. This represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% 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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