Premier (NASDAQ:PINC) Issues FY 2025 Earnings Guidance

Premier (NASDAQ:PINC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.160-1.280 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $930.0 million-$1.0 billion, compared to the consensus revenue estimate of $977.2 million. Premier also updated its FY25 guidance to $1.16 to $1.28 EPS.

Analyst Ratings Changes

A number of brokerages have weighed in on PINC. Benchmark lowered shares of Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Canaccord Genuity Group lowered their target price on Premier from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Robert W. Baird dropped their target price on Premier from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.81.

Premier Stock Up 13.5 %

NASDAQ:PINC traded up $2.71 during trading hours on Tuesday, hitting $22.72. 1,313,935 shares of the stock traded hands, compared to its average volume of 1,355,774. The stock has a 50 day moving average price of $19.89 and a 200 day moving average price of $19.66. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 9.56 and a beta of 0.40. Premier has a 1 year low of $17.95 and a 1 year high of $23.01.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The business had revenue of $350.30 million during 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. Equities analysts forecast that Premier will post 1.04 earnings per share for the current fiscal year.

Premier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, November 29th. Premier’s dividend payout ratio (DPR) is currently 81.55%.

Insider Buying and Selling at Premier

In other news, insider Andy Brailo sold 4,390 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the sale, the insider now directly owns 104,410 shares of the company’s stock, valued at $2,141,449.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Premier news, CEO Michael J. Alkire sold 17,900 shares of the business’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 sale, the chief executive officer now directly owns 540,243 shares of the company’s stock, valued at $10,804,860. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andy Brailo sold 4,390 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $20.51, for a total value of $90,038.90. Following the sale, the insider now owns 104,410 shares in the company, valued at approximately $2,141,449.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,441 shares of company stock worth $2,738,548. Insiders own 0.96% of the company’s stock.

Premier Company Profile

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.