Premier (NASDAQ:PINC) Updates FY25 Earnings Guidance

Premier (NASDAQ:PINC) updated its FY25 earnings guidance on Tuesday. 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 Stock Performance

PINC traded down $0.26 during midday trading on Thursday, hitting $23.08. The company had a trading volume of 1,232,830 shares, compared to its average volume of 1,363,050. Premier has a twelve month low of $17.95 and a twelve month high of $23.43. The company has a market capitalization of $2.31 billion, a PE ratio of 22.41, a P/E/G ratio of 9.43 and a beta of 0.40. The firm’s 50-day simple moving average is $20.08 and its 200-day simple moving average is $19.72.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Premier had a return on equity of 11.69% and a net margin of 8.88%. The business had revenue of $248.14 million for the quarter, compared to the consensus estimate of $232.85 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Premier will post 1.04 EPS for the current fiscal year.

Premier Dividend Announcement

The business 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. This represents a $0.84 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s payout ratio is presently 81.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PINC shares. Robert W. Baird increased their price objective on shares of Premier from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of Premier from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday. StockNews.com lowered Premier from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised their price target on shares of Premier from $20.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Premier from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.44.

Insiders Place Their Bets

In other news, CEO Michael J. Alkire sold 17,900 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 540,243 shares in the company, valued at $10,804,860. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Michael J. Alkire sold 19,362 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total transaction of $403,310.46. Following the completion of the sale, the chief executive officer now owns 578,143 shares in the company, valued at approximately $12,042,718.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Alkire sold 17,900 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $20.00, for a total value of $358,000.00. Following the transaction, the chief executive officer now owns 540,243 shares in the company, valued at approximately $10,804,860. This trade represents 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 have sold 135,441 shares of company stock worth $2,738,548. Corporate 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.