Premier (NASDAQ:PINC) Updates FY25 Earnings Guidance

Premier (NASDAQ:PINC) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.16 to $1.28 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of NASDAQ PINC traded up $0.67 during midday trading on Wednesday, reaching $23.34. 1,825,142 shares of the company traded hands, compared to its average volume of 1,363,656. Premier has a 52 week low of $17.95 and a 52 week high of $23.43. The stock has a 50-day moving average price of $19.95 and a 200 day moving average price of $19.67. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 9.43 and a beta of 0.40.

Premier (NASDAQ:PINC) last released its earnings results on Tuesday, August 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. The firm had revenue of $350.30 million for the quarter, compared to analyst estimates of $308.88 million. Premier had a return on equity of 11.69% and a net margin of 8.88%. Premier’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. As a group, analysts expect 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. Investors of record on Sunday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Friday, November 29th. Premier’s payout ratio is currently 81.55%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Premier news, CEO Michael J. Alkire sold 1,264 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $20.01, for a total transaction of $25,292.64. Following the completion of the sale, the chief executive officer now directly owns 558,143 shares in the company, valued at approximately $11,168,441.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Premier news, CEO Michael J. Alkire sold 1,264 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $20.01, for a total transaction of $25,292.64. Following the completion of the sale, the chief executive officer now directly owns 558,143 shares in the company, valued at approximately $11,168,441.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Alkire sold 19,362 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $20.83, for a total value of $403,310.46. Following the sale, the chief executive officer now owns 578,143 shares of the company’s stock, valued at $12,042,718.69. 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 worth $2,738,548. 0.96% of the stock is currently owned by company insiders.

About Premier

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.