FY2028 EPS Estimates for Premier Raised by Leerink Partnrs

Premier, Inc. (NASDAQ:PINC) – Analysts at Leerink Partnrs boosted their FY2028 earnings per share (EPS) estimates for Premier in a research note issued on Tuesday, February 4th. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings of $1.51 per share for the year, up from their prior forecast of $1.48. The consensus estimate for Premier’s current full-year earnings is $1.12 per share.

Premier (NASDAQ:PINC) last issued its 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 return on equity of 10.74% and a net margin of 11.41%. The firm had revenue of $248.14 million for the quarter, compared to analysts’ expectations of $232.85 million. During the same quarter last year, the business earned $0.50 earnings per share. The company’s revenue was down 7.8% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on PINC. Canaccord Genuity Group lowered their target price on Premier from $21.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com cut Premier from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler lowered their target price on shares of Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays increased their price target on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird decreased their target price on Premier from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Premier Stock Performance

NASDAQ PINC opened at $18.95 on Friday. The business has a 50 day simple moving average of $21.68 and a 200 day simple moving average of $20.93. Premier has a 52-week low of $17.95 and a 52-week high of $23.56. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 13.93 and a beta of 0.43.

Hedge Funds Weigh In On Premier

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of Premier by 28.0% in the fourth quarter. Van ECK Associates Corp now owns 2,041 shares of the company’s stock worth $43,000 after purchasing an additional 446 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Premier by 2.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,409 shares of the company’s stock worth $408,000 after buying an additional 478 shares during the period. GAMMA Investing LLC grew its position in shares of Premier by 137.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,347 shares of the company’s stock valued at $27,000 after buying an additional 780 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Premier by 157.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company’s stock valued at $27,000 after buying an additional 786 shares during the period. Finally, Impact Partnership Wealth LLC raised its position in shares of Premier by 7.1% during the third quarter. Impact Partnership Wealth LLC now owns 11,945 shares of the company’s stock worth $239,000 after acquiring an additional 795 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Helen M. Boudreau sold 2,500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the completion of the transaction, the director now directly owns 20,668 shares in the company, valued at approximately $442,708.56. This represents a 10.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Alkire sold 18,374 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $21.80, for a total value of $400,553.20. Following the completion of the transaction, the chief executive officer now directly owns 502,354 shares of the company’s stock, valued at approximately $10,951,317.20. The trade was a 3.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,425 shares of company stock valued at $1,320,242. 0.96% of the stock is currently owned by corporate insiders.

Premier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, February 28th. Premier’s dividend payout ratio is presently 61.77%.

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.