Equities analysts expect that Premier Inc (NASDAQ:PINC) will report $0.61 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have issued estimates for Premier’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.64. Premier posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.6%. The firm is expected to issue its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that Premier will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.65 to $2.77. For the next year, analysts anticipate that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.80 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Premier.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Tuesday, August 21st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. Premier had a net margin of 47.84% and a negative return on equity of 25.18%. The business had revenue of $433.96 million during the quarter, compared to analysts’ expectations of $412.24 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue was up 7.7% on a year-over-year basis.

Several analysts have weighed in on the stock. Piper Jaffray Companies lifted their price objective on shares of Premier from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 21st. Oppenheimer boosted their target price on shares of Premier to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. ValuEngine upgraded shares of Premier from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Benchmark restated a “buy” rating and issued a $50.00 target price (up from $40.00) on shares of Premier in a research report on Wednesday, August 22nd. Finally, SunTrust Banks cut shares of Premier from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.63.

Premier stock traded up $0.05 during midday trading on Wednesday, hitting $43.75. The company’s stock had a trading volume of 427,835 shares, compared to its average volume of 693,774. Premier has a 1-year low of $27.16 and a 1-year high of $45.31. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 62.50, a price-to-earnings-growth ratio of 1.49 and a beta of 0.55.

In related news, VP Kelli L. Price sold 4,000 shares of Premier stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $35.00, for a total transaction of $140,000.00. Following the sale, the vice president now directly owns 18,678 shares of the company’s stock, valued at approximately $653,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig S. Mckasson sold 6,250 shares of Premier stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $43.09, for a total transaction of $269,312.50. Following the sale, the chief financial officer now directly owns 90,184 shares in the company, valued at $3,886,028.56. The disclosure for this sale can be found here. Insiders have sold a total of 15,523 shares of company stock worth $640,466 over the last ninety days. 17.52% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Fort L.P. bought a new stake in shares of Premier during the 2nd quarter valued at approximately $123,000. Ostrum Asset Management bought a new stake in shares of Premier during the 1st quarter valued at approximately $129,000. Flinton Capital Management LLC bought a new stake in shares of Premier during the 1st quarter valued at approximately $133,000. Riverhead Capital Management LLC bought a new stake in shares of Premier during the 1st quarter valued at approximately $149,000. Finally, Financial Gravity Wealth Inc. bought a new stake in shares of Premier during the 1st quarter valued at approximately $151,000. 41.63% of the stock is currently 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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Earnings History and Estimates for Premier (NASDAQ:PINC)

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