Premier - PINC Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PINC shares.
View PINC analyst ratings or view top-rated stocks.

10 equities research analysts have issued 12 month price objectives for Premier's shares. Their PINC share price forecasts range from $30.00 to $46.00. On average, they predict the company's share price to reach $40.56 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for PINC or view top-rated stocks among Wall Street analysts.

Premier's stock was trading at $34.98 on January 1st, 2023. Since then, PINC stock has decreased by 6.3% and is now trading at $32.79.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our PINC earnings forecast.

Premier will be holding an earnings conference call on Tuesday, February 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Premier, Inc. (NASDAQ:PINC) posted its quarterly earnings data on Tuesday, November, 1st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by $0.02. The firm earned $313.87 million during the quarter, compared to the consensus estimate of $327.95 million. Premier had a trailing twelve-month return on equity of 11.35% and a net margin of 13.50%.

Premier declared a quarterly dividend on Friday, October 21st. Investors of record on Thursday, December 1st will be given a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, November 30th.
Read our dividend analysis for PINC.

Premier (NASDAQ:PINC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.55%. 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.

Premier updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $2.63-$2.75 for the period, compared to the consensus EPS 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.

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.

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).

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

Premier's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (1.37%), Allspring Global Investments Holdings LLC (1.36%), Reinhart Partners Inc. (0.62%), Peregrine Capital Management LLC (0.21%), State of Alaska Department of Revenue (0.20%) and Phocas Financial Corp. (0.12%). 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.

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.

One share of PINC stock can currently be purchased for approximately $32.79.

Premier (NASDAQ:PINC) has a market capitalization of $3.89 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.

The company employs 2,600 workers across the globe.

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.