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The 3-Stock Retirement Blueprint (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
The 3-Stock Retirement Blueprint (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The 3-Stock Retirement Blueprint (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The 3-Stock Retirement Blueprint (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
The 3-Stock Retirement Blueprint (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The 3-Stock Retirement Blueprint (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The 3-Stock Retirement Blueprint (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
The 3-Stock Retirement Blueprint (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The 3-Stock Retirement Blueprint (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
The 3-Stock Retirement Blueprint (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
NASDAQ:PINC

Premier - PINC Stock Forecast, Price & News

$33.94
+0.15 (+0.44%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$33.75
$34.40
50-Day Range
$33.06
$38.53
52-Week Range
$33.01
$42.15
Volume
889,876 shs
Average Volume
521,862 shs
Market Capitalization
$4.01 billion
P/E Ratio
15.71
Dividend Yield
2.49%
Price Target
$42.83

Premier MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
26.2% Upside
$42.83 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of Premier in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.21%
From $2.35 to $2.59 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Medical Sector

70th out of 1,095 stocks

Management Services Industry

2nd 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 League resumes with derby double - Reuters
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PINC Company Calendar

Last Earnings
8/16/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Today
10/02/2022
Next Earnings (Estimated)
11/01/2022
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
$42.83
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+26.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$265.87 million
Pretax Margin
22.81%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.28 per share
Book Value
$19.05 per share

Miscellaneous

Free Float
116,886,000
Market Cap
$4.01 billion
Optionable
Optionable
Beta
0.34

Key Executives

  • Mr. Michael J. Alkire (Age 59)
    Pres, CEO & Director
    Comp: $2.91M
  • Mr. Craig Steven McKasson (Age 55)
    Chief Admin. Officer, CFO, Sr. VP & Treasurer
    Comp: $1.73M
  • Mr. David L. Klatsky J.D.Mr. David L. Klatsky J.D. (Age 60)
    Gen. Counsel
    Comp: $1.09M
  • Ms. Susan Dodson DeVore (Age 63)
    Advisor
    Comp: $3.71M
  • Mr. Leigh T. AndersonMr. Leigh T. Anderson (Age 55)
    Pres of Performance Services
    Comp: $1.09M
  • Mr. David Alfred HargravesMr. David Alfred Hargraves (Age 53)
    Sr. VP of Supply Chain
    Comp: $856.38k
  • Ms. Angeline C. McCabe
    VP of Investor Relations
  • Ms. Kaycee Kalpin
    Chief Marketing Officer
  • Ms. Lindsay A. Powers
    Sr. VP of People
  • Mr. Andy Brailo
    Chief Customer Officer













PINC Stock - Frequently Asked Questions

Should I buy or sell Premier stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 2 sell ratings, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PINC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINC, but not buy additional shares or sell existing shares.
View PINC analyst ratings
or view top-rated stocks.

What is Premier's stock price forecast for 2022?

8 brokers have issued 12 month price targets for Premier's stock. Their PINC share price forecasts range from $36.00 to $46.00. On average, they anticipate the company's share price to reach $42.83 in the next year. This suggests a possible upside of 26.2% 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 stock has decreased by 17.6% and is now trading at $33.94.
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, November 1st 2022.
View our PINC earnings forecast
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings results on Tuesday, August, 16th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business earned $340.70 million during the quarter, compared to the consensus estimate of $332.88 million. Premier had a net margin of 18.55% and a trailing twelve-month return on equity of 11.98%. Premier's revenue was down 29.2% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS.

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

Premier declared a quarterly dividend on Thursday, August 4th. Investors of record on Thursday, September 1st will be paid a dividend of $0.21 per share on Thursday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.20.
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 2.49%. 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 38.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PINC will have a dividend payout ratio of 32.43% 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 updated its FY 2023 earnings guidance on Tuesday, September, 20th. 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."

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 $33.94.

How much money does Premier make?

Premier (NASDAQ:PINC) has a market capitalization of $4.01 billion and generates $1.43 billion in revenue each year. The company earns $265.87 million in net income (profit) each year or $2.16 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 10/2/2022 by MarketBeat.com Staff

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