Wall Street brokerages expect that Premier Inc (NASDAQ:PINC) will report earnings per share of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Premier’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.57. Premier reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 38.6%. The firm is scheduled to announce its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that Premier will report full-year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.77. For the next year, analysts anticipate that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.80 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Premier.

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

A number of research firms have recently issued reports on PINC. Zacks Investment Research lowered shares of Premier from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Barclays began coverage on shares of Premier in a report on Tuesday. They set an “overweight” rating for the company. ValuEngine raised shares of Premier from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Raymond James upped their target price on shares of Premier from $37.00 to $49.00 and gave the stock an “in-line” rating in a report on Wednesday, August 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $50.00 target price (up previously from $40.00) on shares of Premier in a report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.63.

In other news, Director William E. Mayer sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $43.35, for a total transaction of $130,050.00. Following the transaction, the director now owns 14,587 shares of the company’s stock, valued at approximately $632,346.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Leigh Anderson sold 1,923 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $43.26, for a total transaction of $83,188.98. Following the transaction, the insider now directly owns 20,076 shares in the company, valued at approximately $868,487.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,446 shares of company stock worth $583,655. Corporate insiders own 17.52% of the company’s stock.

Several hedge funds have recently made changes to their positions in PINC. Wells Fargo & Company MN boosted its position in shares of Premier by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 152,781 shares of the company’s stock valued at $4,783,000 after acquiring an additional 18,115 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Premier by 2.9% during the 1st quarter. Rhumbline Advisers now owns 64,856 shares of the company’s stock valued at $2,031,000 after acquiring an additional 1,853 shares during the last quarter. Swiss National Bank boosted its position in shares of Premier by 9.7% during the 1st quarter. Swiss National Bank now owns 99,512 shares of the company’s stock valued at $3,116,000 after acquiring an additional 8,800 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in Premier in the first quarter valued at about $151,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Premier by 6.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 247,511 shares of the company’s stock valued at $7,750,000 after buying an additional 14,582 shares during the last quarter. 42.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Premier stock traded up $0.65 during trading hours on Friday, reaching $44.39. 13,728 shares of the company’s stock were exchanged, compared to its average volume of 506,097. Premier has a 1 year low of $27.16 and a 1 year high of $45.31. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 62.97, a PEG ratio of 1.48 and a beta of 0.54.

About Premier

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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Earnings History and Estimates for Premier (NASDAQ:PINC)

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