Premier - PINC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PINC shares.
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10 Wall Street analysts have issued 1-year price objectives for Premier's stock. Their PINC share price forecasts range from $30.00 to $46.00. On average, they predict the company's stock price to reach $40.56 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
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Premier's stock was trading at $41.17 on January 1st, 2022. Since then, PINC shares have decreased by 18.8% and is now trading at $33.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our PINC earnings forecast.

Premier, Inc. (NASDAQ:PINC) released its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. The company had revenue of $365.15 million for the quarter, compared to the consensus estimate of $350.30 million. Premier had a net margin of 13.50% and a trailing twelve-month return on equity of 11.35%. During the same period in the previous year, the firm earned $0.52 EPS.

Premier announced a quarterly dividend on Friday, October 21st. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for PINC.

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 32.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

Premier issued an update on its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $2.63-$2.75 for the period, compared to the consensus earnings per share estimate of $2.67. The company issued revenue guidance of $1.38 billion-$1.45 billion, compared to the consensus revenue estimate of $1.42 billion.

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

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).

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

Premier's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.72%), BlackRock Inc. (4.96%), River Road Asset Management LLC (4.87%), Mackenzie Financial Corp (4.58%), Dimensional Fund Advisors LP (2.85%) and Burgundy Asset Management Ltd. (2.74%). Insiders that own company stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Leigh Anderson, Stephen R D'arcy and William E Mayer.
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Shares of PINC stock 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.
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One share of PINC stock can currently be purchased for approximately $33.45.

Premier (NASDAQ:PINC) has a market capitalization of $3.97 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $1.55 on an earnings per share basis.

The company employs 2,600 workers across the globe.

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