Premier (NASDAQ:PINC) released its quarterly earnings data on Monday. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01, Bloomberg Earnings reports. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The company had revenue of $425.30 million for the quarter, compared to analysts’ expectations of $408.06 million. During the same period last year, the firm posted $0.52 earnings per share. Premier’s revenue was up 12.0% compared to the same quarter last year. Premier updated its FY18 guidance to $2.24-$2.28 EPS.
PINC stock opened at $31.57 on Tuesday. Premier has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of -0.01, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.24 and a beta of 0.48.
Several research firms recently commented on PINC. BidaskClub raised Premier from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research raised Premier from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, January 10th. Benchmark began coverage on Premier in a research report on Thursday, February 8th. They set a “buy” rating and a $40.00 price objective on the stock. Cowen began coverage on Premier in a research report on Tuesday, February 13th. They set a “market perform” rating and a $35.00 price objective on the stock. Finally, Bank of America began coverage on Premier in a research report on Tuesday, February 27th. They set a “buy” rating and a $39.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.71.
In other Premier news, VP Kelli L. Price sold 4,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $34.33, for a total value of $137,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig S. Mckasson sold 6,250 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $34.49, for a total value of $215,562.50. The disclosure for this sale can be found here. In the last three months, insiders sold 55,394 shares of company stock worth $1,815,003. 17.52% of the stock is owned by corporate insiders.
Premier Company Profile
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.
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