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.
Industry, Sector and Symbol
Industry Management services
Sub-IndustryN/A
SectorMedical
Phone704-357-0022
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.66 billion
Profitability
Miscellaneous
Employees2,200
OptionableOptionable
Premier (NASDAQ:PINC) Frequently Asked Questions
What is Premier's stock symbol?
Premier trades on the NASDAQ under the ticker symbol "PINC."
How were Premier's earnings last quarter?
Premier Inc (NASDAQ:PINC) issued its earnings results on Tuesday, February, 5th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.08. The business had revenue of $421.86 million for the quarter, compared to the consensus estimate of $417.09 million. Premier had a net margin of 21.63% and a negative return on equity of 25.06%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. View Premier's Earnings History.
When is Premier's next earnings date?
What guidance has Premier issued on next quarter's earnings?
Premier issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64. The company issued revenue guidance of $1.655-1.721 billion, compared to the consensus revenue estimate of $1.70 billion.Premier also updated its FY 2019 guidance to $2.55-2.67 EPS.
What price target have analysts set for PINC?
11 brokers have issued 1 year price objectives for Premier's stock. Their forecasts range from $38.00 to $55.00. On average, they anticipate Premier's share price to reach $44.40 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets for Premier.
What is the consensus analysts' recommendation for Premier?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Premier in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Premier.
Has Premier been receiving favorable news coverage?
Media coverage about PINC stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Premier earned a news impact score of 0.9 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are some of Premier's key competitors?
Who are Premier's key executives?
Premier's management team includes the folowing people:
- Ms. Susan Dodson DeVore, CEO, Pres & Director (Age 60)
- Mr. Craig S. McKasson, Sr. VP & CFO (Age 52)
- Mr. Michael J. Alkire, Chief Operating Officer (Age 56)
- Mr. Leigh Anderson, Pres of Performance Services (Age 52)
- Mr. James R. Storey, VP of Investor Relations
Who are Premier's major shareholders?
Premier's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.38%), BlackRock Inc. (1.88%), APG Asset Management N.V. (1.44%), Jennison Associates LLC (1.43%), Bank of New York Mellon Corp (1.32%) and First Trust Advisors LP (0.97%). Company insiders that own Premier stock include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Durral R Gilbert, Kelli L Price, Leigh Anderson, Michael J Alkire, Stephen R D'arcy, Susan D Devore 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 River Road Asset Management LLC, Two Sigma Investments LP, Raymond James & Associates, Pembroke Management LTD, Douglas Lane & Associates LLC, Segall Bryant & Hamill LLC, Reinhart Partners Inc. and Highland Capital Management LLC. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Kelli L Price, Leigh Anderson, Stephen R D'arcy, Susan D Devore and William E Mayer. View Insider Buying and Selling for Premier.
Which institutional investors are buying Premier stock?
PINC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Jennison Associates LLC, Massachusetts Financial Services Co. MA, First Trust Advisors LP, Monarch Partners Asset Management LLC, BTIM Corp., APG Asset Management N.V. and Mesirow Financial Investment Management Equity Management. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Premier's stock price today?
One share of PINC stock can currently be purchased for approximately $38.10.
How big of a company is Premier?
Premier has a market capitalization of $5.08 billion and generates $1.66 billion in revenue each year. The company earns $33.30 million in net income (profit) each year or $0.70 on an earnings per share basis. Premier employs 2,200 workers across the globe.
What is Premier's official website?
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]
MarketBeat Community Rating for Premier (NASDAQ PINC)
MarketBeat's community ratings are surveys of what our community members think about Premier and other stocks. Vote "Outperform" if you believe PINC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PINC will underperform the S&P 500 over the long term. You may vote once every thirty days.
