Premier (NASDAQ:PINC) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Premier (NASDAQ:PINC) released its quarterly earnings results on Tuesday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09, Briefing.com reports. The business had revenue of $248.14 million during the quarter, compared to analyst estimates of $232.85 million. Premier had a net margin of 8.88% and a return on equity of 11.69%. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Premier updated its FY 2025 guidance to 1.160-1.280 EPS and its FY25 guidance to $1.16 to $1.28 EPS.

Premier Trading Down 1.1 %

NASDAQ:PINC traded down $0.26 during mid-day trading on Thursday, reaching $23.08. 1,232,830 shares of the stock were exchanged, compared to its average volume of 1,363,050. The business has a fifty day moving average price of $20.02 and a 200 day moving average price of $19.70. Premier has a 1-year low of $17.95 and a 1-year high of $23.43. The firm has a market capitalization of $2.31 billion, a PE ratio of 22.41, a PEG ratio of 9.43 and a beta of 0.40.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. Premier’s dividend payout ratio (DPR) is 81.55%.

Wall Street Analyst Weigh In

PINC has been the subject of several recent analyst reports. Benchmark cut shares of Premier from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Robert W. Baird increased their price objective on Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. Canaccord Genuity Group raised their target price on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Premier from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.44.

Insider Buying and Selling at Premier

In other news, insider Andy Brailo sold 4,390 shares of Premier stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $20.51, for a total value of $90,038.90. Following the transaction, the insider now owns 104,410 shares of the company’s stock, valued at $2,141,449.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Andy Brailo sold 4,390 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $20.51, for a total transaction of $90,038.90. Following the completion of the sale, the insider now directly owns 104,410 shares of the company’s stock, valued at $2,141,449.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel David L. Klatsky sold 1,319 shares of Premier stock in a transaction on Monday, August 26th. The stock was sold at an average price of $19.96, for a total value of $26,327.24. Following the completion of the transaction, the general counsel now owns 102,467 shares in the company, valued at $2,045,241.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,441 shares of company stock valued at $2,738,548. 0.96% of the stock is owned by insiders.

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.