Premier (NASDAQ:PINC) Updates FY25 Earnings Guidance

Premier (NASDAQ:PINC) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.16 to $1.28 for the period, compared to the consensus earnings per share estimate of $1.21. The company issued revenue guidance of $930 million to $1.02 billion, compared to the consensus revenue estimate of $977.45 million. Premier also updated its FY 2025 guidance to 1.160-1.280 EPS.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird decreased their price objective on Premier from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Canaccord Genuity Group decreased their target price on Premier from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, October 2nd. Finally, Benchmark cut Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, Premier currently has an average rating of “Hold” and an average target price of $21.81.

Premier Stock Performance

PINC traded up $2.66 during trading on Tuesday, reaching $22.67. The company had a trading volume of 1,776,492 shares, compared to its average volume of 1,357,936. Premier has a 12-month low of $17.95 and a 12-month high of $23.01. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 9.56 and a beta of 0.40. The firm’s 50-day simple moving average is $19.89 and its 200 day simple moving average is $19.66.

Premier (NASDAQ:PINC) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.44 by $0.25. The business had revenue of $350.30 million for the quarter, compared to analyst estimates of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. Premier’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts expect that Premier will post 1.04 EPS for the current year.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.71%. Premier’s dividend payout ratio is currently 81.55%.

Insider Transactions at Premier

In related news, CEO Michael J. Alkire sold 17,900 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $20.00, for a total transaction of $358,000.00. Following the transaction, the chief executive officer now directly owns 540,243 shares of the company’s stock, valued at approximately $10,804,860. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Premier news, CEO Michael J. Alkire sold 17,900 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $20.00, for a total transaction of $358,000.00. Following the sale, the chief executive officer now owns 540,243 shares in the company, valued at $10,804,860. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total value of $392,400.00. Following the sale, the chief operating officer now directly owns 131,707 shares in the company, valued at approximately $2,584,091.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,441 shares of company stock valued at $2,738,548. Corporate insiders own 0.96% of the company’s stock.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.