Premier Inc (NASDAQ:PINC) – Stock analysts at Oppenheimer raised their FY2018 earnings per share (EPS) estimates for Premier in a research note issued on Tuesday. Oppenheimer analyst M. Naidu now expects that the company will earn $2.12 per share for the year, up from their prior forecast of $1.87. Oppenheimer has a “Buy” rating and a $40.00 price objective on the stock. Oppenheimer also issued estimates for Premier’s Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.46 EPS.

Several other brokerages have also issued reports on PINC. BidaskClub upgraded Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Piper Jaffray Companies reiterated a “hold” rating on shares of Premier in a research note on Wednesday. SunTrust Banks reiterated a “buy” rating and issued a $38.00 price target on shares of Premier in a research note on Thursday. Evercore ISI began coverage on Premier in a research note on Thursday, January 18th. They issued an “in-line” rating and a $33.50 price target on the stock. Finally, Benchmark began coverage on Premier in a research note on Thursday. They issued a “buy” rating and a $40.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.86.

Premier (NASDAQ PINC) opened at $31.60 on Friday. Premier has a 52 week low of $27.16 and a 52 week high of $36.50. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of -0.01. The stock has a market capitalization of $4,365.19, a price-to-earnings ratio of -9.69, a PEG ratio of 1.25 and a beta of 0.50.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The company had revenue of $411.40 million for the quarter, compared to analyst estimates of $393.35 million. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year.

In related news, Director Stephen R. D’arcy sold 3,967 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $31.72, for a total transaction of $125,833.24. Following the sale, the director now owns 11,233 shares in the company, valued at approximately $356,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.52% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in Premier during the 4th quarter worth $124,000. The Manufacturers Life Insurance Company grew its position in Premier by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after acquiring an additional 315 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Premier by 30.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock worth $173,000 after acquiring an additional 1,132 shares during the last quarter. Suntrust Banks Inc. bought a new stake in Premier during the 2nd quarter worth $276,000. Finally, American Century Companies Inc. bought a new stake in Premier during the 4th quarter worth $243,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

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Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and 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.

Earnings History and Estimates for Premier (NASDAQ:PINC)

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