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NASDAQ:PINCPremier Stock Price, Forecast & News

$34.79
+0.44 (+1.28 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$34.18
Now: $34.79
$34.90
50-Day Range
$29.69
MA: $32.18
$34.76
52-Week Range
$27.11
Now: $34.79
$40.13
Volume696,004 shs
Average Volume627,759 shs
Market Capitalization$4.24 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.21
Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 services and software-as-a-service informatics products. This segment also engages in the Integrated Pharmacy business, which provides traditional pharmacy dispensing and integrated pharmacy services; direct sourcing business; and provision of ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices, as well as managed services. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, help them manage a value-based care reimbursement model and support their regulatory reporting framework; performance improvement collaborative; and consulting and insurance services. This segment's various PremierConnect domains comprise PremierConnect Quality & Regulatory domain for identifying and targeting quality improvement areas; PremierConnect Clinical Surveillance & Safety domain to enhance patient safety; PremierConnect Supply Chain & ERP domain to deals with supply chain; PremierConnect Operations domain, which optimizes labor management with integrated financial reporting and budgeting; and PremierConnect Enterprise Analytics, which integrates members' custom data into a hosted and integrated data warehouse and analytics platform. The company was incorporated in 2013 and is headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

Industry Management services
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:PINC
CUSIPN/A
Phone704-357-0022

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.22 billion
Cash Flow$3.73 per share
Book Value$1.16 per share

Profitability

Net Income$109.12 million

Miscellaneous

Employees2,200
Market Cap$4.24 billion
Next Earnings Date8/18/2020 (Estimated)
OptionableOptionable

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Premier (NASDAQ:PINC) Frequently Asked Questions

How has Premier's stock been impacted by COVID-19 (Coronavirus)?

Premier's stock was trading at $30.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PINC shares have increased by 15.5% and is now trading at $34.79. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Premier?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Premier.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for Premier.

How were Premier's earnings last quarter?

Premier Inc (NASDAQ:PINC) announced its quarterly earnings data on Tuesday, May, 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business earned $334.80 million during the quarter, compared to analysts' expectations of $312.77 million. Premier had a negative net margin of 1.72% and a negative return on equity of 103.03%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. View Premier's earnings history.

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

Premier issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, May, 5th. The company provided earnings per share guidance of 2.76 for the period, compared to the Thomson Reuters consensus estimate of $2.84. The company issued revenue guidance of $1.284-1.284 billion, compared to the consensus revenue estimate of $1.26 billion.

What price target have analysts set for PINC?

14 equities research analysts have issued 1-year target prices for Premier's stock. Their forecasts range from $32.00 to $44.00. On average, they expect Premier's share price to reach $39.00 in the next year. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for Premier.

Has Premier been receiving favorable news coverage?

News articles about PINC stock have been trending somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Premier earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPremier.

Who are some of Premier's key competitors?

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), Bank of America (BAC), Ford Motor (F), General Motors (GM), Home Depot (HD), Wells Fargo & Co (WFC), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Intel (INTC) and Altria Group (MO).

Who are Premier's key executives?

Premier's management team includes the following people:
  • Ms. Susan Dodson DeVore, CEO & Director (Age 60)
  • Mr. Michael J. Alkire, Pres & COO (Age 56)
  • Mr. Craig Steven McKasson, CFO, CAO, Sr. VP & Treasurer (Age 52)
  • Mr. Leigh Anderson, Pres of Performance Services (Age 52)
  • Mr. James R. Storey, VP of Investor Relations

What is Premier's stock symbol?

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

Who are Premier's major shareholders?

Premier's stock is owned by a variety of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (5.25%), BlackRock Inc. (2.95%), Mackenzie Financial Corp (2.80%), JPMorgan Chase & Co. (2.33%), APG Asset Management N.V. (1.80%) and Bank of New York Mellon Corp (1.48%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Kelli L Price, Leigh Anderson, Stephen R D'arcy and William E Mayer. View institutional ownership trends for Premier.

Which institutional investors are selling Premier stock?

PINC stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., Fayez Sarofim & Co, Alliancebernstein L.P., First Trust Advisors LP, UBS Group AG, Deutsche Bank AG, and Jennison Associates LLC. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, and William E Mayer. View insider buying and selling activity for Premier.

Which institutional investors are buying Premier stock?

PINC stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, APG Asset Management N.V., Mackenzie Financial Corp, Fort Washington Investment Advisors Inc. OH, Peregrine Capital Management LLC, Schroder Investment Management Group, Bank of New York Mellon Corp, and BlackRock Inc.. View insider buying and selling activity for Premier.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $34.79.

How big of a company is Premier?

Premier has a market capitalization of $4.24 billion and generates $1.22 billion in revenue each year. The company earns $109.12 million in net income (profit) each year or $2.27 on an earnings per share basis. Premier employs 2,200 workers across the globe.

What is Premier's official website?

The official website for Premier is www.premierinc.com.

How can I contact Premier?

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

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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