Premier Inc. to Post FY2018 Earnings of $1.69 Per Share, William Blair Forecasts (PINC)
Premier Inc. (NASDAQ:PINC) – Investment analysts at William Blair issued their FY2018 earnings estimates for shares of Premier in a research note issued to investors on Tuesday. William Blair analyst R. Daniels anticipates that the brokerage will earn $1.69 per share for the year.
Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Premier had a net margin of 34.65% and a negative return on equity of 9.50%. The business earned $313.30 million during the quarter, compared to the consensus estimate of $319.09 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year.
PINC has been the subject of several other reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $40.00 target price on shares of Premier in a research report on Sunday, September 11th. SunTrust Banks Inc. dropped their target price on shares of Premier from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, August 29th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $39.00 target price on shares of Premier in a research report on Wednesday, August 24th. Jefferies Group set a $40.00 target price on shares of Premier and gave the stock a “buy” rating in a research report on Monday, August 22nd. Finally, Citigroup Inc. raised their target price on shares of Premier from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.33.
Shares of Premier (NASDAQ:PINC) opened at 29.24 on Friday. The firm has a 50-day moving average of $31.49 and a 200-day moving average of $32.25. Premier has a 12 month low of $28.27 and a 12 month high of $37.00. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.68 and a beta of 0.55.
Several hedge funds have recently made changes to their positions in PINC. BOKF NA raised its stake in shares of Premier by 6.3% in the third quarter. BOKF NA now owns 7,115 shares of the company’s stock worth $230,000 after buying an additional 420 shares in the last quarter. Morgan Stanley raised its stake in shares of Premier by 195.8% in the third quarter. Morgan Stanley now owns 17,382 shares of the company’s stock worth $562,000 after buying an additional 11,505 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Premier by 4.3% in the third quarter. Acrospire Investment Management LLC now owns 4,900 shares of the company’s stock worth $158,000 after buying an additional 200 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Premier by 7.4% in the third quarter. Pacer Advisors Inc. now owns 5,148 shares of the company’s stock worth $166,000 after buying an additional 354 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Premier by 5.2% in the third quarter. Principal Financial Group Inc. now owns 11,332 shares of the company’s stock worth $366,000 after buying an additional 561 shares in the last quarter.
In other news, VP R. Wesley Champion sold 7,108 shares of Premier stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.47, for a total value of $223,688.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. D’arcy purchased 4,000 shares of Premier stock in a transaction dated Thursday, August 25th. The stock was bought at an average price of $30.91 per share, with a total value of $123,640.00. Following the completion of the purchase, the director now directly owns 14,042 shares of the company’s stock, valued at $434,038.22. The disclosure for this purchase can be found here. 17.14% of the stock is currently owned by company insiders.
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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