Premier - PINC Stock Forecast, Price & News

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 document shredding. The segment is also involved in the provision of the ASCEND Collaborative service for members to receive group purchasing programs, tiers, and prices; SURPASS Collaborative service; STOCKD, an e-commerce platform; and 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. The Performance Services segment offers PremierConnect for members to address existing cost and quality imperatives, to manage a value-based care reimbursement model, and support their regulatory reporting framework; performance improvement collaboratives; and consulting and insurance management services, such as creation and management of health benefit programs under Contigo Health brand, as well as health systems and suppliers cost management solutions under Remitra brand. This segment's PremierConnect solutions are organized into six areas, such as Quality & Regulatory, Clinical Surveillance & Safety, Supply Chain & ERP, Operations, Enterprise Analytics, and Clinical Decision Support domains. 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.

Premier Price Performance

NASDAQ:PINC opened at $37.84 on Wednesday. The stock has a fifty day moving average of $36.96 and a 200 day moving average of $36.72. Premier has a 52-week low of $33.26 and a 52-week high of $42.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.72 and a current ratio of 0.88. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.63 and a beta of 0.32.

Premier (NASDAQ:PINC - Get Rating) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. Premier had a return on equity of 12.13% and a net margin of 18.14%. The firm had revenue of $340.70 million for the quarter, compared to the consensus estimate of $332.88 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's quarterly revenue was down 29.2% on a year-over-year basis. On average, research analysts expect that Premier will post 2.2 EPS for the current fiscal year.

Premier Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, August 31st. This is an increase from Premier's previous quarterly dividend of $0.20. Premier's payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

PINC has been the topic of a number of recent research reports. SVB Leerink reissued an "outperform" rating on shares of Premier in a research report on Tuesday, May 3rd. Piper Sandler upgraded Premier from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $39.00 to $45.00 in a research note on Wednesday, May 4th. Canaccord Genuity Group reduced their price target on Premier from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, May 4th. Finally, StockNews.com raised Premier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Premier has a consensus rating of "Moderate Buy" and a consensus target price of $41.83.