Premier (NASDAQ:PINC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.98-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04.

A number of brokerages have recently commented on PINC. KeyCorp reissued a buy rating and issued a $42.00 price objective on shares of Premier in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Premier from a sell rating to a hold rating in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. reissued a neutral rating and issued a $30.00 price objective on shares of Premier in a research report on Tuesday, December 19th. Citigroup began coverage on shares of Premier in a research report on Thursday, January 4th. They issued a neutral rating on the stock. Finally, Oppenheimer reissued a buy rating and issued a $40.00 price objective on shares of Premier in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $37.00.

Shares of Premier (NASDAQ:PINC) opened at $30.09 on Wednesday. Premier has a 1 year low of $27.16 and a 1 year high of $36.50. The stock has a market cap of $4,200.00, a price-to-earnings ratio of -12.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.40.

Premier (NASDAQ:PINC) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.05). Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The firm had revenue of $390.56 million for the quarter, compared to the consensus estimate of $389.56 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue was up 24.7% compared to the same quarter last year. equities analysts predict that Premier will post 1.87 EPS for the current fiscal year.

In other Premier news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $29.90, for a total transaction of $747,500.00. Following the sale, the chief operating officer now directly owns 180,550 shares of the company’s stock, valued at $5,398,445. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.52% of the company’s stock.

An institutional investor recently raised its position in Premier stock. The Manufacturers Life Insurance Company boosted its position in shares of Premier Inc (NASDAQ:PINC) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,373 shares of the company’s stock after acquiring an additional 315 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Premier were worth $157,000 at the end of the most recent reporting period. 38.37% of the stock is owned by hedge funds and other institutional investors.

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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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