Premier (NASDAQ:PINC) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Premier (NASDAQ:PINC) posted its quarterly earnings results on Tuesday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09, Briefing.com reports. The business 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%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. 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 Stock Down 1.1 %

PINC traded down $0.26 during trading on Thursday, reaching $23.08. 1,232,830 shares of the company’s stock were exchanged, compared to its average volume of 1,363,050. Premier has a fifty-two week low of $17.95 and a fifty-two week high of $23.43. The business has a 50 day moving average price of $20.02 and a 200 day moving average price of $19.70. The company has a market capitalization of $2.31 billion, a P/E ratio of 22.66, a PEG ratio of 9.43 and a beta of 0.40.

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 paid 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 dividend payout ratio is currently 81.55%.

Analyst Ratings Changes

PINC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Robert W. Baird lifted their price target on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lifted their price target on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday. Benchmark lowered shares of Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, Canaccord Genuity Group lifted their price target on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Premier has an average rating of “Hold” and an average target price of $22.44.

Insiders Place Their Bets

In other news, CEO Michael J. Alkire sold 19,362 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $20.83, for a total value of $403,310.46. Following the sale, the chief executive officer now owns 578,143 shares in the company, valued at approximately $12,042,718.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael J. Alkire sold 19,362 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $20.83, for a total value of $403,310.46. Following the sale, the chief executive officer now owns 578,143 shares in the company, valued at approximately $12,042,718.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 135,441 shares of company stock worth $2,738,548 over the last 90 days. 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.