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; and performance improvement collaborative, advisory, and government and insurance management services. This segment provides various PremierConnect domains comprising 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 for lowering supply chain costs; PremierConnect Operations domain, which optimizes labor management with integrated financial reporting and budgeting; and PremierConnect Enterprise Analytics, which integrates member's custom data into a hosted and integrated data warehouse and analytics platform. The company is headquartered in Charlotte, North Carolina.
Industry, Sector and Symbol
Industry Management services
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:PINC
CUSIPN/A
Phone704-357-0022
Debt
Debt-to-Equity Ratio-0.01
Current Ratio0.77
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio22.33
Forward P/E Ratio17.20
P/E Growth1.39
Sales & Book Value
Annual Sales$1.45 billion
Price / Sales3.28
Cash Flow$2.5587 per share
Price / Cash14.05
Book Value($11.94) per share
Price / Book-3.01
Profitability
EPS (Most Recent Fiscal Year)$1.61
Net Income$113.42 million
Net Margins23.33%
Return on Equity-21.96%
Return on Assets11.48%
Miscellaneous
Employees2,400
Outstanding Shares132,920,000
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) issued its quarterly earnings data on Monday, May, 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.01. The business had revenue of $425.30 million for the quarter, compared to the consensus estimate of $408.06 million. Premier had a negative return on equity of 21.96% and a net margin of 23.33%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 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 issued an update on its FY18 earnings guidance on Monday, May, 7th. The company provided earnings per share (EPS) guidance of $2.24-$2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.31. The company issued revenue guidance of $1.612-$1.649 billion, compared to the consensus revenue estimate of $1.63 billion.
What price target have analysts set for PINC?
14 analysts have issued 1-year price targets for Premier's shares. Their predictions range from $30.00 to $42.00. On average, they anticipate Premier's stock price to reach $37.3182 in the next year. View Analyst Ratings for Premier.
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 and Director (Age 59)
- Mr. Craig S. McKasson, Sr. VP & CFO (Age 51)
- Mr. Michael J. Alkire, Chief Operating Officer (Age 55)
- Mr. David L. Klatsky, Sr. VP & Gen. Counsel (Age 56)
- Mr. Durral R. Gilbert, Former Exec. Officer (Age 52)
Has Premier been receiving favorable news coverage?
News stories about PINC stock have been trending somewhat negative on Sunday, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Premier earned a media sentiment score of -0.02 on Accern's scale. They also gave media coverage about the company an impact score of 44.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Premier's major shareholders?
Premier's stock is owned by many different of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (3.59%), Neuberger Berman Group LLC (1.91%), BlackRock Inc. (1.85%), Massachusetts Financial Services Co. MA (1.40%), River Road Asset Management LLC (0.98%) and Summit Trail Advisors LLC (0.77%). Company insiders that own Premier stock include Craig S Mckasson, Durral R Gilbert, Kelli L Price, Leigh Anderson, Michael J Alkire, R Wesley Champion, Stephen R D'arcy and Susan D Devore. 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 Citadel Advisors LLC, Millennium Management LLC, Van Berkom & Associates Inc., Blair William & Co. IL, State of Wisconsin Investment Board, Welch Capital Partners LLC NY, BlackRock Inc. and River Road Asset Management LLC. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, Kelli L Price, Leigh Anderson, Michael J Alkire, Stephen R D'arcy and Susan D Devore. View Insider Buying and Selling for Premier.
Which institutional investors are buying Premier stock?
PINC stock was purchased by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, GW&K Investment Management LLC, Dimensional Fund Advisors LP, Chicago Capital LLC, Sei Investments Co. and Russell Investments Group Ltd.. 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 $35.95.
How big of a company is Premier?
Premier has a market capitalization of $4.79 billion and generates $1.45 billion in revenue each year. The company earns $113.42 million in net income (profit) each year or $1.61 on an earnings per share basis. Premier employs 2,400 workers across the globe.
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 (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.
