Premier (NASDAQ:PINC) Updates FY 2025 Earnings Guidance

Premier (NASDAQ:PINC) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.160-1.280 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several brokerages recently commented on PINC. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group increased their price target on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday. Benchmark cut Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Barclays lifted their price target on Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Premier currently has a consensus rating of “Hold” and a consensus price target of $22.44.

Premier Trading Down 1.1 %

Shares of PINC stock opened at $23.08 on Friday. The stock has a 50-day moving average of $20.08 and a 200-day moving average of $19.72. Premier has a 1-year low of $17.95 and a 1-year high of $23.43. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 9.43 and a beta of 0.40.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. Premier had a net margin of 8.88% and a return on equity of 11.69%. The firm had revenue of $248.14 million for the quarter, compared to the consensus estimate of $232.85 million. During the same quarter in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Sell-side analysts forecast that Premier will post 1.04 earnings per share for the current year.

Premier Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.64%. Premier’s payout ratio is currently 81.55%.

Insider Transactions at Premier

In related news, insider Andy Brailo sold 4,390 shares of the company’s stock in a transaction dated 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 owns 104,410 shares in the company, valued at $2,141,449.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael J. Alkire sold 1,264 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $20.01, for a total value of $25,292.64. Following the completion of the sale, the chief executive officer now directly owns 558,143 shares in the company, valued at $11,168,441.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Andy Brailo sold 4,390 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $20.51, for a total value of $90,038.90. Following the completion of the sale, the insider now directly owns 104,410 shares of the company’s stock, valued at $2,141,449.10. 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 ninety days, 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.