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NASDAQ:PINC

Premier - PINC Stock Forecast, Price & News

$33.32
-0.44 (-1.30%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$33.13
$33.69
50-Day Range
$32.70
$35.27
52-Week Range
$30.82
$38.98
Volume
704,006 shs
Average Volume
527,148 shs
Market Capitalization
$3.96 billion
P/E Ratio
21.50
Dividend Yield
2.52%
Price Target
$40.56

Premier MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
21.7% Upside
$40.56 Price Target
Short Interest
Bearish
2.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Premier in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.13%
From $2.37 to $2.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Medical Sector

262nd out of 1,029 stocks

Management Services Industry

3rd out of 7 stocks

PINC stock logo

About Premier (NASDAQ:PINC) Stock

Premier, Inc. engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments. The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities. The Performance Services segment consists of informatics, collaborative, consulting services, direct-to-employer initiative, and insurance management services businesses. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.

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PINC Stock News Headlines

3 Health Care Stocks Paying Reliable Dividends (PINC)
Premier Inc, Patterson Companies, Inc, and Walgreens Boots Alliance, Inc are three healthcare stocks consistently paying decent-to-great dividends
Premier (NASDAQ:PINC) Upgraded to Neutral at Credit Suisse Group
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Premier declares $0.21 dividend
Premier (NASDAQ:PINC) Stock Rating Lowered by StockNews.com
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
1 Medical Stock to Buy in 2023 and 1 to Avoid
Premier (NASDAQ:PINC) Has Announced A Dividend Of $0.21
Premier (NASDAQ:PINC) Is Paying Out A Dividend Of $0.21
See More Headlines
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PINC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
2/03/2023
Next Earnings (Confirmed)
2/07/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PINC
Fax
N/A
Employees
2,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.56
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+21.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$265.87 million
Pretax Margin
17.97%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.26 per share
Book Value
$19.05 per share

Miscellaneous

Free Float
117,848,000
Market Cap
$3.96 billion
Optionable
Optionable
Beta
0.28

Key Executives

  • Michael J. Alkire
    President, Chief Executive Officer & Director
  • Craig S. McKassonCraig S. McKasson
    SVP, Chief Financial & Administrative Officer
  • Leigh AndersonLeigh Anderson
    President-Performance Services
  • David Hargraves
    Senior Vice President-Supply Chain
  • Andrew Brailo
    Chief Customer Officer













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PINC shares.
View PINC analyst ratings
or view top-rated stocks.

What is Premier's stock price forecast for 2023?

10 Wall Street analysts have issued 1-year target prices for Premier's shares. Their PINC share price forecasts range from $30.00 to $46.00. On average, they anticipate the company's stock price to reach $40.56 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for PINC
or view top-rated stocks among Wall Street analysts.

How have PINC shares performed in 2023?

Premier's stock was trading at $34.98 at the beginning of 2023. Since then, PINC stock has decreased by 4.9% and is now trading at $33.27.
View the best growth stocks for 2023 here
.

When is Premier's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our PINC earnings forecast
.

How can I listen to Premier's earnings call?

Premier will be holding an earnings conference call on Tuesday, February 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Premier's earnings last quarter?

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

How often does Premier pay dividends? What is the dividend yield for Premier?

Premier announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for PINC
.

Is Premier a good dividend stock?

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.52%. 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.

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

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 EPS 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.

What is Susan DeVore's approval rating as Premier's CEO?

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.

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), 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).

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 many different institutional and retail investors. Top institutional investors include River Road Asset Management LLC (4.72%), Boston Trust Walden Corp (1.37%), Allspring Global Investments Holdings LLC (1.36%), Rice Hall James & Associates LLC (0.74%), Fort Washington Investment Advisors Inc. OH (0.67%) and Reinhart Partners Inc. (0.62%). 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.
View institutional ownership trends
.

How do I buy shares of Premier?

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.
Compare Top Brokerages Here.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $33.27.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $3.95 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.

How many employees does Premier have?

The company employs 2,600 workers across the globe.

How can I contact Premier?

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.

This page (NASDAQ:PINC) was last updated on 2/3/2023 by MarketBeat.com Staff