S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
NASDAQ:PINC

Premier Stock Forecast, Price & News

$37.71
-0.12 (-0.32%)
(As of 12/7/2021 04:00 PM ET)
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Today's Range
$37.64
$38.69
50-Day Range
$36.98
$41.54
52-Week Range
$32.44
$42.15
Volume
646,311 shs
Average Volume
573,822 shs
Market Capitalization
$4.60 billion
P/E Ratio
17.79
Dividend Yield
2.11%
Beta
0.24
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Premier logo

About Premier

Premier, Inc. engages in the provision of healthcare improvement solutions. It operates through the Supply Chain Services and Performance Services segments: The Supply Chain Services segment includes healthcare group purchasing organization (GPO) programs in the United States, supply chain co-management, and direct sourcing activities. The Performance Services segment consists of informatics, collaborative, consulting services, direct-to-employer initiative, and insurance management services businesses. The company was founded on May 14, 2013 and is headquartered in Charlotte, NC.

Headlines

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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

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$3.31 per share
Book Value
$19.10 per share

Profitability

Net Income
$287.52 million
Pretax Margin
18.88%

Debt

Price-To-Earnings

Miscellaneous

Free Float
120,641,000
Market Cap
$4.60 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/02/2021
Ex-Dividend
11/30/2021
Today
12/08/2021
Dividend Payable
12/15/2021
Next Earnings (Estimated)
2/01/2022
Fiscal Year End
6/30/2022

MarketRank

Overall MarketRank

2.40 out of 5 stars

Medical Sector

194th out of 1,394 stocks

Management Services Industry

2nd out of 9 stocks

Analyst Opinion: 1.1Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Premier (NASDAQ:PINC) Frequently Asked Questions

Is Premier a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Premier in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Premier stock. 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 analyst ratings for Premier
or view top-rated stocks.

How has Premier's stock been impacted by Coronavirus?

Premier's stock was trading at $30.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PINC shares have increased by 25.2% and is now trading at $37.71.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Premier?

Premier saw a decline in short interest in the month of October. As of October 29th, there was short interest totaling 2,270,000 shares, a decline of 19.8% from the October 14th total of 2,830,000 shares. Based on an average daily volume of 710,500 shares, the short-interest ratio is currently 3.2 days. Approximately 1.9% of the shares of the company are sold short.
View Premier's Short Interest
.

When is Premier's next earnings date?

Premier is scheduled to release its next quarterly earnings announcement on Tuesday, February 1st 2022.
View our earnings forecast for Premier
.

How were Premier's earnings last quarter?

Premier, Inc. (NASDAQ:PINC) issued its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. The business earned $365.15 million during the quarter, compared to analyst estimates of $350.30 million. Premier had a trailing twelve-month return on equity of 12.64% and a net margin of 15.17%. During the same period last year, the company posted $0.52 earnings per share.
View Premier's earnings history
.

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

Premier announced a quarterly dividend on Thursday, October 21st. Stockholders of record on Wednesday, December 1st will be given a dividend of $0.20 per share on Wednesday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, November 30th.
View Premier's dividend history
.

Is Premier a good dividend stock?

Premier pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.11%. Premier 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 of Premier is 37.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Premier will have a dividend payout ratio of 32.92% next year. This indicates that Premier will be able to sustain or increase its dividend.
View Premier's dividend history.

What guidance has Premier issued on next quarter's earnings?

Premier updated its FY 2022 earnings guidance on Tuesday, November, 9th. The company provided EPS guidance of $2.560-$2.660 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.540. The company issued revenue guidance of $1.32 billion-$1.43 billion, compared to the consensus revenue estimate of $1.39 billion.

What price target have analysts set for PINC?

12 brokerages have issued 12 month target prices for Premier's shares. Their forecasts range from $35.00 to $46.00. On average, they expect Premier's stock price to reach $40.45 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
View analysts' price targets for Premier
or view top-rated stocks among Wall Street analysts.

Who are Premier's key executives?

Premier's management team includes the following people:
  • Michael J. Alkire, President, Chief Executive Officer & Director
  • Craig S. McKasson, SVP, Chief Financial & Administrative Officer (LinkedIn Profile)
  • Leigh Anderson, President-Performance Services
  • David Hargraves, Senior Vice President-Supply Chain
  • Andrew Brailo, Chief Customer Officer

What is Susan DeVore's approval rating as Premier's CEO?

157 employees have rated Premier CEO Susan DeVore on Glassdoor.com. Susan DeVore has an approval rating of 63% among Premier'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 a variety of institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (5.59%), BlackRock Inc. (5.26%), Mackenzie Financial Corp (4.60%), Massachusetts Financial Services Co. MA (2.53%), Adventist Health System Sunbelt Healthcare Corp (2.44%) and Dimensional Fund Advisors LP (2.20%). Company insiders that own Premier stock include Craig S Mckasson, Craig S Mckasson, David Alfred Hargraves, David L Klatsky, Stephen R D'arcy and William E Mayer.
View institutional ownership trends for Premier
.

Which major investors are selling Premier stock?

PINC stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Adventist Health System Sunbelt Healthcare Corp, Citadel Advisors LLC, River Road Asset Management LLC, American Century Companies Inc., Renaissance Technologies LLC, Allianz Asset Management GmbH, and Thrivent Financial for Lutherans. Company insiders that have sold Premier company stock in the last year include Craig S Mckasson, David Alfred Hargraves, and David L Klatsky.
View insider buying and selling activity for Premier
or view top insider-selling stocks.

Which major investors are buying Premier stock?

PINC stock was bought by a variety of institutional investors in the last quarter, including Mawer Investment Management Ltd., Reinhart Partners Inc., BlackRock Inc., Dimensional Fund Advisors LP, Millennium Management LLC, Geode Capital Management LLC, AXA S.A., and Mackenzie Financial Corp.
View insider buying and selling activity for Premier
or or view top insider-buying stocks.

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 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 $37.71.

How much money does Premier make?

Premier has a market capitalization of $4.60 billion and generates $1.72 billion in revenue each year. The company earns $287.52 million in net income (profit) each year or $2.12 on an earnings per share basis.

How many employees does Premier have?

Premier employs 2,600 workers across the globe.

What is Premier's official website?

The official website for Premier is www.premierinc.com.

Where are Premier's headquarters?

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].


This page was last updated on 12/8/2021 by MarketBeat.com Staff

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