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NASDAQ:PINC

Premier - PINC Stock Forecast, Price & News

$33.46
+0.01 (+0.03%)
(As of 12/8/2022 02:32 PM ET)
Add
Compare
Today's Range
$33.34
$33.70
50-Day Range
$30.94
$35.13
52-Week Range
$30.82
$41.72
Volume
6,766 shs
Average Volume
443,532 shs
Market Capitalization
$3.97 billion
P/E Ratio
21.59
Dividend Yield
2.54%
Price Target
$40.56

Premier MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
20.9% Upside
$40.56 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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.

2.44 out of 5 stars

Medical Sector

194th out of 1,027 stocks

Management Services Industry

3rd out of 7 stocks

PINC stock logo

About Premier (NASDAQ:PINC) Stock

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions. This segment also provides the ASCENDrive programs for members to receive group purchasing programs, tiers, and prices; SURPASS Performance Group services; STOCKD, an e-commerce platform; PROVIDEGX program, which identifies supply sources for drugs that are on or may be at risk of being added to the national drug shortage list, or that are vulnerable to pricing volatility, as well as direct sourcing business; SaaS informatics products; supply chain co-management services; purchased services contracts; direct sourcing solutions; and supply chain resiliency programs. The Performance Services segment provides technology and services platform with offerings that help optimize performance in three main areas, including clinical intelligence, margin improvement, and value-based care under the PINC AI brand; third party administrator services and management of health benefit programs under the Contigo Health brand; and digital invoicing and payables services that offers financial support services to healthcare product suppliers and service providers under the Remitra brand. The company also provides services to other businesses, including food service, schools, and universities. Premier, Inc. was incorporated in 2013 and is headquartered in Charlotte, North Carolina.

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PINC Stock News Headlines

Premier (NASDAQ:PINC) Has Announced A Dividend Of $0.21
Premier (NASDAQ:PINC) Is Paying Out A Dividend Of $0.21
PINC vs. HQY: Which Stock Is the Better Value Option?
See More Headlines
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PINC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Today
12/08/2022
Dividend Payable
12/15/2022
Next Earnings (Estimated)
2/07/2023
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
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
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
$3.30 per share
Book Value
$19.05 per share

Miscellaneous

Free Float
117,848,000
Market Cap
$3.97 billion
Optionable
Optionable
Beta
0.35

Key Executives

  • Mr. Michael J. Alkire (Age 59)
    Pres, CEO & Director
    Comp: $2.87M
  • Mr. Craig Steven McKasson (Age 55)
    Chief Admin. Officer, CFO, Sr. VP & Treasurer
    Comp: $1.62M
  • Mr. David L. Klatsky J.D.Mr. David L. Klatsky J.D. (Age 60)
    Gen. Counsel
    Comp: $1.02M
  • Mr. Leigh T. AndersonMr. Leigh T. Anderson (Age 55)
    Pres of Performance Services
    Comp: $1.03M
  • Mr. David Alfred HargravesMr. David Alfred Hargraves (Age 53)
    Sr. VP of Supply Chain
    Comp: $875.07k
  • Ms. Crystal Climer
    Chief Accounting Officer
  • Ms. Angeline C. McCabe
    VP of Investor Relations
  • Ms. Kaycee Kalpin
    Chief Marketing Officer
  • Ms. Susan Dodson DeVore (Age 63)
    Advisor
  • Mr. Andy Brailo
    Chief Customer Officer













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 price objectives for Premier's stock. Their PINC share price forecasts range from $30.00 to $46.00. On average, they predict the company's stock price to reach $40.56 in the next twelve months. This suggests a possible upside of 21.2% 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 2022?

Premier's stock was trading at $41.17 on January 1st, 2022. Since then, PINC shares have decreased by 18.8% and is now trading at $33.45.
View the best growth stocks for 2022 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 were Premier's earnings last quarter?

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

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

Premier announced a quarterly dividend on Friday, October 21st. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Wednesday, November 30th.
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 2.54%. 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 earnings per share 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.72%), BlackRock Inc. (4.96%), River Road Asset Management LLC (4.87%), Mackenzie Financial Corp (4.58%), Dimensional Fund Advisors LP (2.85%) and Burgundy Asset Management Ltd. (2.74%). 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 $33.45.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $3.97 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 12/8/2022 by MarketBeat.com Staff