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NASDAQ:PINC

Premier Stock Forecast, Price & News

$35.62
-0.06 (-0.17%)
(As of 07/1/2022 01:19 PM ET)
Add
Compare
Today's Range
$35.32
$35.82
50-Day Range
$34.38
$38.24
52-Week Range
$33.26
$42.15
Volume
6,593 shs
Average Volume
554,686 shs
Market Capitalization
$4.20 billion
P/E Ratio
15.42
Dividend Yield
2.21%
Price Target
$41.83
30 days | 90 days | 365 days | Advanced Chart

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PINC Stock Forecast (MarketRank)

Overall MarketRank

2.57 out of 5 stars

Medical Sector

118th out of 1,429 stocks

Management Services Industry

2nd out of 9 stocks

Analyst Opinion: 2.1Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
Premier logo

About Premier (NASDAQ:PINC)

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 document shredding. The segment is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices; SURPASS Collaborative service; STOCKD, an e-commerce platform; and PROVIDEGX program, which identifies supply sources for drugs that are on or may be at risk of being added to the national drug shortage list, or that are vulnerable to pricing volatility, as well as direct sourcing business. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, to manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaboratives; and consulting and insurance management services, such as creation and management of health benefit programs under Contigo Health brand, as well as health systems and suppliers cost management solutions under Remitra brand. This segment's PremierConnect solutions are organized into six areas, such as Quality & Regulatory, Clinical Surveillance & Safety, Supply Chain & ERP, Operations, Enterprise Analytics, and Clinical Decision Support domains. The company also provides services to other businesses, including food service, schools, and universities. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina.

PINC Stock News Headlines

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Industry, Sector and Symbol

Industry
Management services
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PINC
Fax
N/A
Employees
2,600
Year Founded
N/A

Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
7/01/2022
Next Earnings (Estimated)
8/16/2022
Fiscal Year End
6/30/2023

Price Target and Rating

Average Stock Price Forecast
$41.83
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+17.4%
Consensus Rating
Hold
Rating Score (0-4)
2.28571428571429
Research Coverage
7 Analysts

Profitability

Net Income
$287.52 million
Pretax Margin
21.56%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$3.12 per share
Book Value
$18.20 per share

Miscellaneous

Free Float
116,807,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
0.28














Premier Frequently Asked Questions

Should I buy or sell Premier stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Premier stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares.
View analyst ratings for Premier
or view top-rated stocks.

What is Premier's stock price forecast for 2022?

7 analysts have issued 1 year price targets for Premier's shares. Their PINC stock forecasts range from $35.00 to $46.00. On average, they predict Premier's share price to reach $41.83 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
View analysts' price targets for Premier
or view top-rated stocks among Wall Street analysts.

How has Premier's stock price performed in 2022?

Premier's stock was trading at $41.17 on January 1st, 2022. Since then, PINC shares have decreased by 13.5% and is now trading at $35.62.
View the best growth stocks for 2022 here
.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our earnings forecast for Premier
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) announced its earnings results on Tuesday, May, 3rd. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.52 by $0.05. The company had revenue of $347.84 million for the quarter, compared to analysts' expectations of $340.10 million. Premier had a net margin of 18.14% and a trailing twelve-month return on equity of 12.13%. The business's quarterly revenue was down 26.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share.
View Premier's earnings history
.

How often does Premier pay dividends? What is the dividend yield for Premier?

Premier declared a quarterly dividend on Thursday, April 21st. Investors of record on Wednesday, June 1st will be paid a dividend of $0.20 per share on Wednesday, June 15th. This represents a $0.80 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, May 31st.
View Premier's dividend history
.

Is Premier a good dividend stock?

Premier(NASDAQ:PINC) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.21%. Premier does not yet have a strong track record of dividend growth. The dividend payout ratio of Premier is 34.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Premier will have a dividend payout ratio of 34.04% next year. This indicates that Premier will be able to sustain or increase its dividend.
View Premier's dividend history.

What guidance has Premier issued on next quarter's earnings?

Premier updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $2.48-$2.58 for the period, compared to the consensus EPS estimate of $2.52. The company issued revenue guidance of $1.41 billion-$1.45 billion, compared to the consensus revenue estimate of $1.42 billion.

Who are Premier's key executives?

Premier's management team includes the following people:
  • Mr. Michael J. Alkire, Pres, CEO & Director (Age 59, Pay $2.91M)
  • Mr. Craig Steven McKasson, Chief Admin. Officer, CFO, Sr. VP & Treasurer (Age 55, Pay $1.73M)
  • Mr. David L. Klatsky J.D., Gen. Counsel (Age 60, Pay $1.09M) (LinkedIn Profile)
  • Ms. Susan Dodson DeVore, Advisor (Age 63, Pay $3.71M)
  • Mr. Leigh T. Anderson, Pres of Performance Services (Age 55, Pay $1.09M) (LinkedIn Profile)
  • Mr. David Alfred Hargraves, Sr. VP of Supply Chain (Age 53, Pay $856.38k) (LinkedIn Profile)
  • Ms. Angeline C. McCabe, VP of Investor Relations
  • Mr. Blair Childs, Sr. VP of Public Affairs
  • Ms. Kaycee Kalpin, Chief Marketing Officer
  • Ms. Lindsay A. Powers, Sr. VP of People

What is Susan DeVore's approval rating as Premier's CEO?

157 employees have rated Premier CEO Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among Premier's employees. This puts Susan DeVore in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Premier own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Premier investors own include AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Energy Transfer (ET), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Motors (GM) and Home Depot (HD).

What is Premier's stock symbol?

Premier trades on the NASDAQ under the ticker symbol "PINC."

How do I buy shares of Premier?

Shares of PINC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $35.62.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $4.20 billion and generates $1.72 billion in revenue each year. The company earns $287.52 million in net income (profit) each year or $2.31 on an earnings per share basis.

How many employees does Premier have?

Premier employs 2,600 workers across the globe.

How can I contact Premier?

Premier's mailing address is 13034 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC, 28277. The official website for Premier is www.premierinc.com. The company can be reached via phone at (704) 357-0022 or via email at [email protected].

This page (NASDAQ:PINC) was last updated on 7/1/2022 by MarketBeat.com Staff

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