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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Management services
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:PINC
Previous Symbol
CUSIPN/A
Phone704-357-0022
Debt
Debt-to-Equity RatioN/A
Current Ratio1.33
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio54.17
Forward P/E Ratio15.41
P/E Growth1.32
Sales & Book Value
Annual Sales$1.66 billion
Price / Sales3.04
Cash Flow$3.1574 per share
Price / Cash Flow12.01
Book Value($10.72) per share
Price / Book-3.54
Profitability
EPS (Most Recent Fiscal Year)$0.70
Net Income$33.30 million
Net Margins32.31%
Return on Equity-23.61%
Return on Assets13.67%
Miscellaneous
Employees2,200
Outstanding Shares133,340,000
Market Cap$5.06 billion
OptionableOptionable
Premier (NASDAQ:PINC) Frequently Asked Questions
What is Premier's stock symbol?
Premier trades on the NASDAQ under the ticker symbol "PINC."
How were Premier's earnings last quarter?
Premier Inc (NASDAQ:PINC) released its earnings results on Tuesday, November, 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $412.79 million. Premier had a negative return on equity of 23.61% and a net margin of 32.31%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. View Premier's Earnings History.
When is Premier's next earnings date?
What guidance has Premier issued on next quarter's earnings?
Premier updated its FY19 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $2.60-2.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.70. The company issued revenue guidance of $1.72-1.79 billion, compared to the consensus revenue estimate of $1.76 billion.Premier also updated its FY 2019 guidance to $2.55-2.67 EPS.
What price target have analysts set for PINC?
15 analysts have issued 12 month price objectives for Premier's shares. Their predictions range from $30.00 to $55.00. On average, they anticipate Premier's stock price to reach $41.4583 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Premier.
What is the consensus analysts' recommendation for Premier?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Premier.
Has Premier been receiving favorable news coverage?
Media coverage about PINC stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Premier earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Premier's key competitors?
Who are Premier's key executives?
Premier's management team includes the folowing people:
- Ms. Susan Dodson DeVore, CEO, Pres & Director (Age 59)
- Mr. Craig S. McKasson, Sr. VP & CFO (Age 51)
- Mr. Michael J. Alkire, Chief Operating Officer (Age 55)
- Mr. Leigh Anderson, Pres of Performance Services (Age 51)
- Mr. James R. Storey, VP of Investor Relations
Who are Premier's major shareholders?
Premier's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.80%), Vanguard Group Inc (3.80%), FMR LLC (2.97%), Massachusetts Financial Services Co. MA (2.04%), Neuberger Berman Group LLC (1.94%) and JPMorgan Chase & Co. (1.79%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, Durral R Gilbert, Kelli L Price, Leigh Anderson, Michael J Alkire, Stephen R D'arcy, Susan D Devore 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 JPMorgan Chase & Co., FMR LLC, Laurion Capital Management LP, River Road Asset Management LLC, Douglas Lane & Associates LLC, Clearbridge Investments LLC, BlackRock Inc. and Massachusetts Financial Services Co. MA. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, Kelli L Price, Leigh Anderson, Stephen R D'arcy, Susan D Devore and William E Mayer. View Insider Buying and Selling for Premier.
Which institutional investors are buying Premier stock?
PINC stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Deutsche Bank AG, First Trust Advisors LP, Panagora Asset Management Inc., Vanguard Group Inc, Vanguard Group Inc., Sio Capital Management LLC and Martingale Asset Management L P. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Premier's stock price today?
One share of PINC stock can currently be purchased for approximately $37.92.
How big of a company is Premier?
Premier has a market capitalization of $5.06 billion and generates $1.66 billion in revenue each year. The company earns $33.30 million in net income (profit) each year or $0.70 on an earnings per share basis. Premier employs 2,200 workers across the globe.
What is Premier's official website?
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]
MarketBeat Community Rating for Premier (NASDAQ PINC)
MarketBeat's community ratings are surveys of what our community members think about Premier and other stocks. Vote "Outperform" if you believe PINC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PINC will underperform the S&P 500 over the long term. You may vote once every thirty days.
