Premier (NASDAQ:PINC) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.60-2.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.70. The company issued revenue guidance of $1.72-1.79 billion, compared to the consensus revenue estimate of $1.76 billion.Premier also updated its FY 2019 guidance to $2.55-2.67 EPS.
NASDAQ:PINC traded down $0.43 during midday trading on Thursday, hitting $41.50. The company had a trading volume of 791,846 shares, compared to its average volume of 676,641. Premier has a 52-week low of $27.16 and a 52-week high of $47.22. The firm has a market capitalization of $5.51 billion, a PE ratio of 59.29, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55.
Premier (NASDAQ:PINC) last announced its earnings results on Tuesday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. Premier had a net margin of 32.31% and a negative return on equity of 27.57%. The company had revenue of $401.60 million during the quarter, compared to analyst estimates of $412.79 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Premier will post 2.48 earnings per share for the current fiscal year.
In other news, Director William E. Mayer sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $43.35, for a total transaction of $130,050.00. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at $632,346.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig S. Mckasson sold 6,250 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $43.09, for a total transaction of $269,312.50. Following the transaction, the chief financial officer now directly owns 90,184 shares of the company’s stock, valued at $3,886,028.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,656 shares of company stock valued at $684,386. Company insiders own 18.30% of the company’s stock.
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Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with 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 document shredding services and software-as-a-service informatics products.
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