$0.48 EPS Expected for Premier, Inc. (NASDAQ:PINC) This Quarter
Equities analysts expect that Premier, Inc. (NASDAQ:PINC) will announce earnings per share (EPS) of $0.48 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Premier’s earnings, with estimates ranging from $0.47 to $0.49. Premier posted earnings of $0.19 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 152.6%. The firm is expected to report its next earnings report after the market closes on Monday, August 21st.
According to Zacks, analysts expect that Premier will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.80. For the next year, analysts anticipate that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.90 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Premier.
A number of equities analysts have recently issued reports on PINC shares. UBS AG reissued a “neutral” rating and set a $35.00 target price (up from $34.00) on shares of Premier in a research note on Thursday, May 25th. BidaskClub downgraded Premier from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Bank of America Corporation increased their target price on Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research downgraded Premier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $40.00 target price on shares of Premier in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $38.25.
In other Premier news, SVP Leigh Anderson sold 1,099 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $35.29, for a total transaction of $38,783.71. Following the completion of the transaction, the senior vice president now owns 7,655 shares of the company’s stock, valued at $270,144.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Susan D. Devore sold 40,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $35.24, for a total value of $1,409,600.00. Following the transaction, the chief executive officer now directly owns 391,589 shares of the company’s stock, valued at approximately $13,799,596.36. The disclosure for this sale can be found here. Insiders sold a total of 184,710 shares of company stock valued at $6,490,663 over the last ninety days. 17.14% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in PINC. Los Angeles Capital Management & Equity Research Inc. increased its position in Premier by 561.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,676,451 shares of the company’s stock valued at $53,361,000 after buying an additional 1,422,955 shares during the last quarter. Citadel Advisors LLC increased its position in Premier by 1,768.4% in the first quarter. Citadel Advisors LLC now owns 866,282 shares of the company’s stock valued at $27,574,000 after buying an additional 819,917 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Premier by 655.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 547,300 shares of the company’s stock valued at $17,423,000 after buying an additional 474,900 shares during the last quarter. Jennison Associates LLC increased its position in Premier by 188.2% in the second quarter. Jennison Associates LLC now owns 712,104 shares of the company’s stock valued at $25,636,000 after buying an additional 465,012 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new position in Premier during the first quarter valued at $13,663,000.
Shares of Premier (NASDAQ PINC) traded up 0.48% during midday trading on Friday, reaching $33.35. The company’s stock had a trading volume of 623,601 shares. The company has a market cap of $1.73 billion, a P/E ratio of 15.72 and a beta of 0.46. Premier has a 12-month low of $28.27 and a 12-month high of $36.50. The stock’s 50-day moving average price is $35.18 and its 200-day moving average price is $33.38.
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
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