Premier (NASDAQ:PINC) Releases FY25 Earnings Guidance

Premier (NASDAQ:PINC) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.16 to $1.28 for the period, compared to the consensus estimate of $1.21. The company issued revenue guidance of $930 million to $1.02 billion, compared to the consensus revenue estimate of $977.45 million. Premier also updated its FY 2025 guidance to 1.160-1.280 EPS.

Premier Trading Up 13.3 %

Shares of PINC stock traded up $2.66 during trading on Tuesday, hitting $22.67. The company’s stock had a trading volume of 1,776,492 shares, compared to its average volume of 1,357,936. The company has a market cap of $2.27 billion, a PE ratio of 19.43, a P/E/G ratio of 9.56 and a beta of 0.40. The business has a fifty day moving average of $19.89 and a 200-day moving average of $19.66. Premier has a 52 week low of $17.95 and a 52 week high of $23.01.

Premier (NASDAQ:PINC) last posted its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.25. The firm had revenue of $350.30 million for the quarter, compared to the consensus estimate of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. As a group, research analysts predict that Premier will post 1.04 EPS for the current year.

Premier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.71%. Premier’s dividend payout ratio is currently 81.55%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PINC. Canaccord Genuity Group reduced their price target on shares of Premier from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, October 2nd. Benchmark lowered shares of Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. cut their target price on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. StockNews.com cut shares of Premier from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird reduced their price target on shares of Premier from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Ten investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.81.

Insider Activity at Premier

In related news, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00. Following the sale, the chief operating officer now owns 131,707 shares of the company’s stock, valued at $2,584,091.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Premier news, COO Leigh Anderson sold 20,000 shares of Premier stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the sale, the chief operating officer now owns 131,707 shares of the company’s stock, valued at $2,584,091.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael J. Alkire sold 17,900 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $20.00, for a total transaction of $358,000.00. Following the completion of the sale, the chief executive officer now owns 540,243 shares in the company, valued at $10,804,860. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,441 shares of company stock valued at $2,738,548 over the last quarter. Insiders own 0.96% of the company’s stock.

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.