Wall Street brokerages expect Premier Inc (NASDAQ:PINC) to report sales of $406.69 million for the current quarter, Zacks reports. Nine analysts have made estimates for Premier’s earnings, with estimates ranging from $401.20 million to $415.00 million. Premier reported sales of $379.80 million during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that Premier will report full year sales of $406.69 million for the current year, with estimates ranging from $1.61 billion to $1.64 billion. For the next year, analysts anticipate that the business will report sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Premier.
Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $393.35 million. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. Premier’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share.
In other news, Director Stephen R. D’arcy sold 3,967 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $31.72, for a total value of $125,833.24. Following the transaction, the director now owns 11,233 shares in the company, valued at $356,310.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 17.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in shares of Premier in the fourth quarter valued at approximately $124,000. The Manufacturers Life Insurance Company lifted its position in shares of Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after acquiring an additional 315 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Premier by 30.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after acquiring an additional 1,132 shares in the last quarter. Suntrust Banks Inc. purchased a new position in Premier during the second quarter worth approximately $276,000. Finally, American Century Companies Inc. purchased a new position in Premier during the fourth quarter worth approximately $243,000. Institutional investors and hedge funds own 42.22% of the company’s stock.
Shares of Premier (PINC) traded up $0.06 during mid-day trading on Monday, reaching $31.82. The company’s stock had a trading volume of 548,175 shares, compared to its average volume of 790,424. The stock has a market capitalization of $4,320.00, a P/E ratio of -18.94, a P/E/G ratio of 1.26 and a beta of 0.50. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of -0.01. Premier has a 52 week low of $27.16 and a 52 week high of $36.50.
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.