Premier - PINC Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 2 sell ratings, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PINC shares. 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.
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8 brokers have issued 12 month price targets for Premier's stock. Their PINC share price forecasts range from $36.00 to $46.00. On average, they anticipate the company's share price to reach $42.83 in the next year. This suggests a possible upside of 26.2% 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 stock has decreased by 17.6% and is now trading at $33.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our PINC earnings forecast.

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, August, 16th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business earned $340.70 million during the quarter, compared to the consensus estimate of $332.88 million. Premier had a net margin of 18.55% and a trailing twelve-month return on equity of 11.98%. Premier's revenue was down 29.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS.

Premier declared a quarterly dividend on Thursday, August 4th. Investors of record on Thursday, September 1st will be paid a dividend of $0.21 per share on Thursday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.20.
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 2.49%. 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 38.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 32.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PINC.

Premier updated its FY 2023 earnings guidance on Tuesday, September, 20th. 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."

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 $33.94.

Premier (NASDAQ:PINC) has a market capitalization of $4.01 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $2.16 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.