Leerink Partnrs Increases Earnings Estimates for Premier

Premier, Inc. (NASDAQ:PINC) – Equities researchers at Leerink Partnrs boosted their FY2028 earnings per share (EPS) estimates for Premier in a research note issued on Tuesday, February 4th. Leerink Partnrs analyst M. Cherny now anticipates that the company will post earnings of $1.51 per share for the year, up from their prior estimate of $1.48. The consensus estimate for Premier’s current full-year earnings is $1.12 per share.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The business had revenue of $248.14 million for the quarter, compared to the consensus estimate of $232.85 million. Premier had a net margin of 11.41% and a return on equity of 10.74%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Premier from $21.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday. Barclays lifted their target price on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler lowered their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Robert W. Baird cut their target price on shares of Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.50.

Premier Trading Down 1.0 %

Shares of NASDAQ PINC opened at $18.76 on Friday. Premier has a 1-year low of $17.95 and a 1-year high of $23.56. The company has a 50-day moving average of $21.60 and a two-hundred day moving average of $20.92. The company has a market cap of $1.80 billion, a PE ratio of 13.79 and a beta of 0.43.

Premier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.48%. Premier’s dividend payout ratio is 61.77%.

Insider Activity at Premier

In other Premier news, COO Leigh Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.88, for a total value of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares of the company’s stock, valued at approximately $2,444,149.16. The trade was a 15.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the completion of the sale, the director now owns 20,668 shares of the company’s stock, valued at $442,708.56. This trade represents a 10.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,425 shares of company stock worth $1,320,242 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group raised its holdings in shares of Premier by 61,750.0% during the fourth quarter. Brooklyn Investment Group now owns 1,237 shares of the company’s stock worth $26,000 after acquiring an additional 1,235 shares during the period. GAMMA Investing LLC increased its holdings in Premier by 137.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock worth $27,000 after purchasing an additional 780 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Premier by 157.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares during the period. Keystone Financial Group Inc. bought a new stake in shares of Premier in the fourth quarter valued at about $37,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Premier during the third quarter worth about $39,000. Institutional investors own 74.41% of the company’s stock.

About Premier

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 workforce solutions.