Premier, Inc. (NASDAQ:PINC) - Stock analysts at Oppenheimer Holdings issued their Q1 2019 earnings per share estimates for shares of Premier in a note issued to investors on Tuesday. Oppenheimer Holdings analyst M. Naidu expects that the company will post earnings per share of $0.47 for the quarter. Oppenheimer Holdings also issued estimates for Premier’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $2.07 EPS.
Premier (NASDAQ:PINC) last released its quarterly earnings data on Monday, August 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.02. Premier had a net margin of 0.66% and a negative return on equity of 16.61%. The company had revenue of $403.10 million during the quarter, compared to analyst estimates of $400.45 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was up 33.7% on a year-over-year basis. WARNING: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/08/25/premier-inc-expected-to-post-q1-2019-earnings-of-0-47-per-share-pinc.html.
Several other equities research analysts have also issued reports on the company. BidaskClub lowered Premier from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Premier in a research note on Tuesday. William Blair reaffirmed an “ourperform” rating on shares of Premier in a research note on Tuesday. Zacks Investment Research raised Premier from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Premier in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.38.
Premier (NASDAQ PINC) traded down 0.67% during trading on Thursday, reaching $32.85. 243,887 shares of the company’s stock traded hands. Premier has a 1-year low of $28.27 and a 1-year high of $36.50. The stock has a market capitalization of $1.75 billion, a P/E ratio of 21.75 and a beta of 0.46. The stock has a 50-day moving average price of $34.58 and a 200 day moving average price of $33.49.
In related news, insider Craig S. Mckasson sold 10,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $33.55, for a total transaction of $360,662.50. Following the completion of the sale, the insider now directly owns 88,688 shares of the company’s stock, valued at approximately $2,975,482.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Susan D. Devore sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $35.24, for a total value of $1,409,600.00. Following the sale, the chief executive officer now directly owns 391,589 shares of the company’s stock, valued at $13,799,596.36. The disclosure for this sale can be found here. Insiders have sold a total of 184,710 shares of company stock valued at $6,476,796 over the last three months. 17.14% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in Premier by 4,215.4% in the first quarter. Bank of Montreal Can now owns 60,200 shares of the company’s stock valued at $1,916,000 after buying an additional 58,805 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Premier during the first quarter valued at approximately $257,000. Nationwide Fund Advisors purchased a new position in Premier during the first quarter valued at approximately $2,035,000. Russell Investments Group Ltd. increased its position in Premier by 131.6% in the first quarter. Russell Investments Group Ltd. now owns 83,964 shares of the company’s stock valued at $2,673,000 after buying an additional 47,713 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in Premier by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 75,540 shares of the company’s stock valued at $2,404,000 after buying an additional 425 shares during the last quarter.
Premier Company Profile
Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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.
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