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NASDAQ:PINCPremier Stock Price, Forecast & News

$33.75
+0.87 (+2.65 %)
(As of 04/7/2020 04:00 PM ET)
Add
Compare
Today's Range
$31.84
Now: $33.75
$34.43
50-Day Range
$27.40
MA: $30.77
$34.95
52-Week Range
$27.11
Now: $33.75
$40.13
Volume986,981 shs
Average Volume996,006 shs
Market Capitalization$4.11 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.22
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.
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Premier logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

Industry Management services
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:PINC
CUSIPN/A
Phone704-357-0022

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.22 billion
Cash Flow$3.97 per share
Book Value($6.82) per share

Profitability

Net Income$109.12 million

Miscellaneous

Employees2,200
Market Cap$4.11 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Premier (NASDAQ:PINC) Frequently Asked Questions

How has Premier's stock been impacted by COVID-19 (Coronavirus)?

Premier's stock was trading at $30.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PINC stock has increased by 12.1% and is now trading at $33.75. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Premier?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Premier.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Premier.

How were Premier's earnings last quarter?

Premier Inc (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, February, 4th. The company reported $0.74 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.06. The business earned $319.60 million during the quarter, compared to analysts' expectations of $307.12 million. Premier had a negative return on equity of 64.10% and a negative net margin of 21.22%. The company's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. View Premier's earnings history.

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

Premier updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $2.76-2.89 for the period, compared to the Thomson Reuters consensus estimate of $2.84. The company issued revenue guidance of +1-5% yr/yr to ~$1.235-1.284 billion, compared to the consensus revenue estimate of $1.26 billion.

What price target have analysts set for PINC?

13 brokers have issued 12 month target prices for Premier's shares. Their forecasts range from $30.00 to $45.00. On average, they expect Premier's stock price to reach $39.30 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View analysts' price targets for Premier.

Has Premier been receiving favorable news coverage?

News coverage about PINC stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Premier earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutPremier.

Who are some of Premier's key competitors?

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), Bank of America (BAC), Ford Motor (F), General Motors (GM), Home Depot (HD), Wells Fargo & Co (WFC), Intel (INTC), Primo Water (PRMW), QUALCOMM (QCOM) and Starbucks (SBUX).

Who are Premier's key executives?

Premier's management team includes the following 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

What is Premier's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $33.75.

How big of a company is Premier?

Premier has a market capitalization of $4.11 billion and generates $1.22 billion in revenue each year. The company earns $109.12 million in net income (profit) each year or $2.27 on an earnings per share basis. Premier employs 2,200 workers across the globe. View additional information about Premier.

What is Premier's official website?

The official website for Premier is http://www.premierinc.com/.

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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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