Premier, Inc. (PINC) to Release Quarterly Earnings on Monday
Premier, Inc. (NASDAQ:PINC) is scheduled to be releasing its earnings data after the market closes on Monday, August 21st. Analysts expect Premier to post earnings of $0.51 per share for the quarter.
Shares of Premier, Inc. (NASDAQ PINC) opened at 33.35 on Monday. The firm has a market cap of $1.73 billion, a P/E ratio of 15.72 and a beta of 0.46. The stock’s 50 day moving average price is $35.18 and its 200-day moving average price is $33.38. Premier, Inc. has a 12-month low of $28.27 and a 12-month high of $36.50.
In other news, CEO Susan D. Devore sold 40,000 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $35.24, for a total transaction of $1,409,600.00. Following the transaction, the chief executive officer now directly owns 391,589 shares in the company, valued at approximately $13,799,596.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Durral R. Gilbert sold 82,861 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $35.11, for a total value of $2,909,249.71. Following the transaction, the insider now owns 145,261 shares in the company, valued at $5,100,113.71. The disclosure for this sale can be found here. Insiders have sold a total of 173,960 shares of company stock worth $6,116,133 over the last quarter. Corporate insiders own 17.14% of the company’s stock.
Several research firms have recently weighed in on PINC. Zacks Investment Research downgraded Premier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Bank of America Corporation increased their price target on Premier from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. UBS AG reissued a “neutral” rating and set a $35.00 price objective (up previously from $34.00) on shares of Premier in a report on Thursday, May 25th. BidaskClub cut Premier from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $40.00 price objective on shares of Premier in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. Premier presently has an average rating of “Buy” and an average target price of $38.25.
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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