Equities research analysts predict that Premier Inc (NASDAQ:PINC) will report $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Premier’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.64. Premier posted earnings per share of $0.44 during the same quarter last year, which indicates a positive year over year growth rate of 38.6%. The business is expected to issue its next earnings results on Monday, November 5th.

On average, analysts expect that Premier will report full year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.77. For the next financial year, analysts anticipate that the company will post earnings of $2.90 per share, with EPS estimates ranging from $2.80 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Premier.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The company had revenue of $433.96 million during the quarter, compared to analyst estimates of $412.24 million. Premier had a negative return on equity of 25.18% and a net margin of 47.84%. Premier’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share.

Several research firms have recently issued reports on PINC. Piper Jaffray Companies upped their target price on Premier from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, August 21st. Benchmark reaffirmed a “buy” rating and issued a $50.00 target price (up from $40.00) on shares of Premier in a report on Wednesday, August 22nd. ValuEngine raised Premier from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Oppenheimer upped their target price on Premier to $48.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, SunTrust Banks lowered Premier from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Premier has a consensus rating of “Buy” and an average target price of $40.54.

Shares of PINC stock traded up $1.55 during trading on Tuesday, hitting $46.15. The company’s stock had a trading volume of 485,300 shares, compared to its average volume of 674,808. The firm has a market cap of $6.08 billion, a PE ratio of 63.93, a P/E/G ratio of 1.56 and a beta of 0.54. Premier has a 52 week low of $27.16 and a 52 week high of $47.22.

In related news, SVP David Alfred Hargraves sold 2,210 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $45.58, for a total value of $100,731.80. Following the transaction, the senior vice president now owns 11,108 shares in the company, valued at $506,302.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Craig S. Mckasson sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $43.09, for a total value of $269,312.50. Following the completion of the transaction, the chief financial officer now owns 90,184 shares in the company, valued at approximately $3,886,028.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,656 shares of company stock worth $684,386. 17.52% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new stake in shares of Premier during the third quarter worth $269,000. CENTRAL TRUST Co lifted its position in shares of Premier by 195.9% during the third quarter. CENTRAL TRUST Co now owns 3,270 shares of the company’s stock worth $150,000 after acquiring an additional 2,165 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Premier by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 607,584 shares of the company’s stock worth $22,104,000 after acquiring an additional 27,215 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Premier by 64.4% during the second quarter. Schroder Investment Management Group now owns 194,900 shares of the company’s stock worth $7,088,000 after acquiring an additional 76,326 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Premier by 9.3% during the second quarter. Public Employees Retirement System of Ohio now owns 19,868 shares of the company’s stock worth $723,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 42.41% of the company’s stock.

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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