Premier (NASDAQ:PINC) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Premier (NASDAQ:PINC) posted its earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09, Briefing.com reports. The company had revenue of $248.14 million during the quarter, compared to analysts’ expectations of $232.85 million. Premier had a net margin of 8.88% and a return on equity of 11.69%. Premier’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. Premier updated its FY 2025 guidance to 1.160-1.280 EPS and its FY25 guidance to $1.16 to $1.28 EPS.

Premier Price Performance

Shares of Premier stock traded down $0.26 during trading on Thursday, hitting $23.08. The stock had a trading volume of 1,232,830 shares, compared to its average volume of 1,363,050. The firm’s fifty day simple moving average is $20.02 and its 200-day simple moving average is $19.70. The stock has a market cap of $2.31 billion, a PE ratio of 22.41, a PEG ratio of 9.43 and a beta of 0.40. Premier has a 12 month low of $17.95 and a 12 month high of $23.43.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. Premier’s dividend payout ratio (DPR) is presently 81.55%.

Analyst Ratings Changes

Several research firms recently weighed in on PINC. Canaccord Genuity Group raised their target price on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday. StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Barclays raised their target price on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Ten equities 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 an average target price of $22.44.

Insider Transactions at Premier

In other news, CEO Michael J. Alkire sold 17,900 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the sale, the chief executive officer now owns 540,243 shares in the company, valued at approximately $10,804,860. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Andy Brailo sold 4,390 shares of Premier stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $20.51, for a total transaction of $90,038.90. Following the completion of the sale, the insider now owns 104,410 shares in the company, valued at $2,141,449.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $20.00, for a total transaction of $358,000.00. Following the sale, the chief executive officer now owns 540,243 shares of the company’s stock, valued at $10,804,860. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,441 shares of company stock worth $2,738,548. 0.96% of the stock is currently owned by insiders.

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.