Analysts expect Premier Inc (NASDAQ:PINC) to report sales of $417.96 million for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Premier’s earnings, with estimates ranging from $412.14 million to $435.96 million. Premier reported sales of $411.40 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 4th.
According to Zacks, analysts expect that Premier will report full year sales of $1.70 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.75 billion. For the next financial year, analysts anticipate that the business will post sales of $1.80 billion, with estimates ranging from $1.74 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Premier.
Premier (NASDAQ:PINC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.65 earnings per share 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 23.61%. The company had revenue of $401.60 million for the quarter, compared to analysts’ expectations of $412.79 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Premier’s quarterly revenue was up 2.8% on a year-over-year basis.
PINC traded down $0.08 during trading hours on Friday, hitting $39.97. The company’s stock had a trading volume of 373,764 shares, compared to its average volume of 800,264. Premier has a 12 month low of $28.81 and a 12 month high of $47.22. The stock has a market capitalization of $5.31 billion, a PE ratio of 57.10, a P/E/G ratio of 1.39 and a beta of 0.49.
In related news, insider Leigh Anderson sold 2,892 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $36.85, for a total value of $106,570.20. Following the completion of the sale, the insider now directly owns 16,744 shares of the company’s stock, valued at $617,016.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig S. Mckasson sold 6,250 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $39.44, for a total transaction of $246,500.00. Following the completion of the sale, the insider now directly owns 85,709 shares of the company’s stock, valued at $3,380,362.96. The disclosure for this sale can be found here. Insiders have sold 93,298 shares of company stock valued at $3,556,271 over the last three months. Insiders own 18.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new position in Premier in the third quarter worth about $25,000. CENTRAL TRUST Co raised its holdings in Premier by 195.9% in the third quarter. CENTRAL TRUST Co now owns 3,270 shares of the company’s stock worth $150,000 after purchasing an additional 2,165 shares in the last quarter. LPL Financial LLC bought a new position in Premier in the third quarter worth about $203,000. Ibex Investors LLC bought a new position in Premier in the third quarter worth about $215,000. Finally, HPM Partners LLC bought a new position in Premier in the third quarter worth about $216,000. 41.05% of the stock is owned by institutional investors.
Premier Company Profile
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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