Equities analysts predict that Premier (NASDAQ:PINC) will post earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Premier’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.63. Premier reported earnings per share of $0.52 during the same quarter last year, which would indicate a positive year over year growth rate of 26.9%. The company is expected to announce its next quarterly earnings results on Monday, May 14th.

According to Zacks, analysts expect that Premier will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.24 to $2.30. For the next fiscal year, analysts forecast that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.59 to $2.78. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Premier.

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 analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $393.35 million. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS.

A number of equities analysts have issued reports on the company. BidaskClub raised Premier from a “sell” rating to a “hold” rating in a research note on Saturday. SunTrust Banks reaffirmed a “buy” rating and set a $38.00 price target on shares of Premier in a research note on Thursday, February 8th. Zacks Investment Research raised Premier from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 10th. Benchmark assumed coverage on Premier in a research note on Thursday, February 8th. They set a “buy” rating and a $40.00 price target for the company. Finally, Piper Jaffray reaffirmed a “hold” rating on shares of Premier in a research note on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.71.

Shares of NASDAQ PINC opened at $32.62 on Thursday. The company has a debt-to-equity ratio of -0.01, a current ratio of 0.83 and a quick ratio of 0.71. The firm has a market cap of $4,426.24, a price-to-earnings ratio of 17.92, a PEG ratio of 1.25 and a beta of 0.49. Premier has a 1 year low of $27.16 and a 1 year high of $36.50.

In other news, VP Kelli L. Price sold 4,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $34.33, for a total value of $137,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Leigh Anderson sold 1,177 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $31.85, for a total value of $37,487.45. Following the completion of the sale, the senior vice president now owns 10,784 shares of the company’s stock, valued at approximately $343,470.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,394 shares of company stock valued at $1,815,003 in the last quarter. Insiders own 17.52% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Premier in the fourth quarter valued at $124,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after purchasing an additional 315 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Premier in the fourth quarter valued at $207,000. American Century Companies Inc. purchased a new stake in shares of Premier in the fourth quarter valued at $243,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Premier in the fourth quarter valued at $303,000. Institutional investors own 42.93% of the company’s stock.

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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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