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NASDAQ:PINCPremier Stock Price, Forecast & News

$34.72
-0.62 (-1.75 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$32.38
Now: $34.72
$34.85
50-Day Range
$31.20
MA: $33.80
$35.34
52-Week Range
$27.11
Now: $34.72
$39.70
Volume1.06 million shs
Average Volume722,061 shs
Market Capitalization$4.23 billion
P/E RatioN/A
Dividend Yield2.15%
Beta0.23
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 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$3.69 per share
Book Value($6.82) per share

Profitability

Net Income$109.12 million

Miscellaneous

Employees2,200
Market Cap$4.23 billion
Next Earnings Date8/25/2020 (Confirmed)
OptionableOptionable
$34.72
-0.62 (-1.75 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Premier (NASDAQ:PINC) Frequently Asked Questions

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

Premier's stock was trading at $30.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PINC stock has increased by 15.3% and is now trading at $34.72.
View which stocks have been most impacted by COVID-19
.

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 7 hold ratings and 6 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, August 25th 2020.
View our earnings forecast for Premier
.

How can I listen to Premier's earnings call?

Premier will be holding an earnings conference call on Tuesday, August 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Premier's earnings last quarter?

Premier Inc (NASDAQ:PINC) released its quarterly earnings results on Tuesday, May, 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.02. The firm earned $334.80 million during the quarter, compared to analysts' expectations of $312.77 million. Premier had a negative net margin of 1.72% and a negative return on equity of 103.03%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS.
View Premier's earnings history
.

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

Premier announced a -- dividend on Thursday, August 13th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.19 per share on Tuesday, September 15th. The ex-dividend date of this dividend is Monday, August 31st.
View Premier's dividend history
.

What price target have analysts set for PINC?

13 brokerages have issued 12-month target prices for Premier's shares. Their forecasts range from $32.00 to $44.00. On average, they expect Premier's stock price to reach $38.60 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts' price targets for Premier
.

Has Premier been receiving favorable news coverage?

Media stories about PINC stock have trended positive recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Premier earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Premier
.

Are investors shorting Premier?

Premier saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,870,000 shares, a drop of 48.2% from the March 15th total of 7,467,500 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 3.8 days.
View Premier's Short Interest
.

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), Pfizer (PFE), Energy Transfer LP Unit (ET), Ford Motor (F), General Motors (GM), Primo Water (PRMW), QUALCOMM (QCOM), Bank of America (BAC), Chesapeake Energy (CHKAQ) and Chesapeake Energy (CHKAQ).

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."

Who are Premier's major shareholders?

Premier's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (3.14%), Bank of New York Mellon Corp (1.47%), BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (1.16%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.09%), Reinhart Partners Inc. (0.65%) and Raymond James & Associates (0.63%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Kelli L Price, Leigh Anderson, Stephen R D'arcy and William E Mayer.
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 FMR LLC, Goldman Sachs Group Inc., First Trust Advisors LP, Ensign Peak Advisors Inc, Fort Washington Investment Advisors Inc. OH, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Great Lakes Advisors LLC, and Unigestion Holding SA. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, and William E Mayer.
View insider buying and selling activity for Premier
.

Which institutional investors are buying Premier stock?

PINC stock was bought by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Nordea Investment Management AB, Reinhart Partners Inc., DekaBank Deutsche Girozentrale, PNC Financial Services Group Inc., Raymond James & Associates, Boston Trust Walden Corp, and Assenagon Asset Management S.A..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Premier's stock price today?

One share of PINC stock can currently be purchased for approximately $34.72.

How big of a company is Premier?

Premier has a market capitalization of $4.23 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.

What is Premier's official website?

The official website for Premier is 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 8/14/2020 by MarketBeat.com Staff

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