Premier Inc (NASDAQ:PINC) – Research analysts at KeyCorp decreased their Q2 2019 earnings per share (EPS) estimates for Premier in a research report issued on Wednesday, November 14th. KeyCorp analyst D. Hooker now forecasts that the company will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.59.

Several other equities research analysts have also recently commented on PINC. Canaccord Genuity cut Premier from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research note on Tuesday, August 14th. They noted that the move was a valuation call. BidaskClub raised Premier from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Piper Jaffray Companies boosted their price target on Premier from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, August 21st. Finally, Oppenheimer boosted their price target on Premier to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Premier presently has an average rating of “Buy” and an average target price of $42.19.

Shares of NASDAQ PINC opened at $38.86 on Monday. The company has a market capitalization of $5.28 billion, a P/E ratio of 55.51, a PEG ratio of 1.38 and a beta of 0.55. Premier has a 52 week low of $27.96 and a 52 week high of $47.22.

Premier (NASDAQ:PINC) last issued its earnings results on Tuesday, November 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $401.60 million for the quarter, compared to the consensus estimate of $412.79 million. Premier had a negative return on equity of 23.61% and a net margin of 32.31%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS.

A number of institutional investors have recently made changes to their positions in PINC. Renaissance Technologies LLC boosted its position in Premier by 1,599.8% during the third quarter. Renaissance Technologies LLC now owns 1,290,171 shares of the company’s stock worth $59,064,000 after purchasing an additional 1,214,271 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Premier during the second quarter worth approximately $36,492,000. Massachusetts Financial Services Co. MA boosted its position in Premier by 46.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,797,781 shares of the company’s stock worth $101,783,000 after purchasing an additional 893,451 shares during the period. River Road Asset Management LLC boosted its position in Premier by 63.2% during the second quarter. River Road Asset Management LLC now owns 2,160,966 shares of the company’s stock worth $78,616,000 after purchasing an additional 836,502 shares during the period. Finally, Laurion Capital Management LP bought a new stake in Premier during the second quarter worth approximately $20,373,000. 41.24% of the stock is owned by hedge funds and other institutional investors.

In other Premier news, Director William E. Mayer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $43.35, for a total transaction of $130,050.00. Following the completion of the sale, the director now owns 14,587 shares of the company’s stock, valued at $632,346.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig S. Mckasson sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $43.09, for a total value of $269,312.50. Following the sale, the chief financial officer now directly owns 90,184 shares of the company’s stock, valued at approximately $3,886,028.56. The disclosure for this sale can be found here. In the last three months, insiders sold 21,906 shares of company stock valued at $930,886. 18.30% of the stock is currently owned by company insiders.

Premier Company Profile

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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