Premier (NASDAQ:PINC) Releases FY 2025 Earnings Guidance

by · The Cerbat Gem

Premier (NASDAQ:PINC – Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.160-1.280 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $930.0 million-$1.0 billion, compared to the consensus revenue estimate of $977.2 million. Premier also updated its FY25 guidance to $1.16 to $1.28 EPS.

Premier Price Performance

NASDAQ:PINC traded up $0.35 during mid-day trading on Wednesday, reaching $23.02. The company’s stock had a trading volume of 859,775 shares, compared to its average volume of 1,359,166. Premier has a twelve month low of $17.95 and a twelve month high of $23.43. The company’s fifty day simple moving average is $19.95 and its two-hundred day simple moving average is $19.67. The stock has a market cap of $2.31 billion, a P/E ratio of 22.30, a P/E/G ratio of 9.43 and a beta of 0.40.

Premier (NASDAQ:PINC – Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.25. Premier had a return on equity of 11.69% and a net margin of 8.88%. The business had revenue of $350.30 million for the quarter, compared to analyst estimates of $308.88 million. During the same period last year, the company posted $0.70 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts expect that Premier will post 1.04 EPS for the current fiscal year.

Premier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.65%. Premier’s payout ratio is currently 81.55%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird raised their price objective on shares of Premier from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com downgraded Premier from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group upped their price objective on Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Benchmark downgraded Premier from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.44.

Read Our Latest Stock Report on PINC

Insider Buying and Selling at Premier

In other Premier news, CFO Craig S. Mckasson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the chief financial officer now directly owns 278,110 shares in the company, valued at approximately $5,562,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Craig S. Mckasson sold 10,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the chief financial officer now owns 278,110 shares in the company, valued at approximately $5,562,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Alkire sold 17,900 shares of Premier stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $20.00, for a total value of $358,000.00. Following the completion of the transaction, 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. In the last ninety days, insiders sold 135,441 shares of company stock valued at $2,738,548. 0.96% of the stock is owned by corporate insiders.

About Premier

(Get Free Report)

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.

Recommended Stories