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
Industry Management services
Sub-IndustryN/A
SectorMedical
Phone704-357-0022
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.66 billion
Profitability
Miscellaneous
Employees2,200
Next Earnings Date8/20/2019 (Estimated)
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 quarterly earnings results on Tuesday, May, 7th. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.05. The business had revenue of $422.90 million for the quarter, compared to the consensus estimate of $432.94 million. Premier had a net margin of 21.50% and a negative return on equity of 27.23%. Premier's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. 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 FY19 earnings guidance on Tuesday, May, 7th. The company provided earnings per share guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus estimate of $2.61. The company issued revenue guidance of $1.66-1.72 billion, compared to the consensus revenue estimate of $1.69 billion.Premier also updated its FY 2019 guidance to $2.55-2.67 EPS.
What price target have analysts set for PINC?
11 equities research analysts have issued twelve-month price objectives for Premier's shares. Their forecasts range from $36.00 to $50.00. On average, they anticipate Premier's stock price to reach $43.6667 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for Premier.
What is the consensus analysts' recommendation for Premier?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Premier.
Has Premier been receiving favorable news coverage?
Press coverage about PINC stock has trended somewhat negative on Tuesday, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Premier earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
Who are some of Premier's key competitors?
What other stocks do shareholders of Premier own?
Who are Premier's key executives?
Premier's management team includes the folowing people:
- Ms. Susan Dodson DeVore, CEO & Director (Age 60)
- Mr. Michael J. Alkire, Pres & COO (Age 56)
- Mr. Craig Steven McKasson, CFO, CAO, Sr. VP & Treasurer (Age 52)
- Mr. Leigh Anderson, Pres of Performance Services (Age 52)
- Mr. James R. Storey, VP of Investor Relations
Who are Premier's major shareholders?
Premier's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (2.18%), Renaissance Technologies LLC (2.02%), BlackRock Inc. (1.90%), Neuberger Berman Group LLC (1.87%), JPMorgan Chase & Co. (1.80%) and Rice Hall James & Associates LLC (1.68%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, 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 major investors are selling Premier stock?
PINC stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, FMR LLC, AJO LP, First Trust Advisors LP, Acadian Asset Management LLC, Hsbc Holdings PLC, Pembroke Management LTD and Wells Fargo & Company MN. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Kelli L Price, Leigh Anderson, Stephen R D'arcy and William E Mayer. View Insider Buying and Selling for Premier.
Which major investors are buying Premier stock?
PINC stock was bought by a variety of institutional investors in the last quarter, including River Road Asset Management LLC, Renaissance Technologies LLC, Teacher Retirement System of Texas, Raymond James & Associates, Loomis Sayles & Co. L P, Fort Washington Investment Advisors Inc. OH, Twin Capital Management Inc. and Dimensional Fund Advisors LP. 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 $37.77.
How big of a company is Premier?
Premier has a market capitalization of $4.77 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.
