Premier, Inc. (NASDAQ:PINC) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.98-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. The company issued revenue guidance of +9-13% to ~$1.564-1.648 billion, compared to the consensus revenue estimate of $1.64 billion.

Shares of Premier, Inc. (NASDAQ PINC) opened at 32.78 on Tuesday. The company has a 50-day moving average price of $34.80 and a 200-day moving average price of $33.48. The company has a market cap of $1.70 billion, a P/E ratio of 15.45 and a beta of 0.46. Premier, Inc. has a 52-week low of $28.27 and a 52-week high of $36.50.

Premier (NASDAQ:PINC) last released its quarterly earnings results on Monday, August 21st. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.02. The firm had revenue of $403.10 million for the quarter, compared to analysts’ expectations of $400.45 million. Premier had a net margin of 31.41% and a negative return on equity of 13.95%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. On average, equities analysts predict that Premier, Inc. will post $1.91 EPS for the current year.

Several equities analysts have weighed in on the company. UBS AG restated a neutral rating and set a $35.00 price target (up previously from $34.00) on shares of Premier in a report on Thursday, May 25th. Bank of America Corporation raised their price target on Premier from $37.00 to $39.00 and gave the company a buy rating in a report on Thursday, May 25th. Zacks Investment Research upgraded Premier from a sell rating to a hold rating in a report on Friday. Jefferies Group LLC restated a buy rating and set a $40.00 price target on shares of Premier in a report on Wednesday, August 9th. Finally, BidaskClub cut Premier from a hold rating to a sell rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Premier has an average rating of Buy and an average price target of $38.25.

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, insider Durral R. Gilbert sold 82,861 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $35.11, for a total value of $2,909,249.71. Following the sale, the insider now directly owns 145,261 shares of the company’s stock, valued at $5,100,113.71. The disclosure for this sale can be found here. Insiders sold a total of 184,710 shares of company stock valued at $6,476,796 over the last ninety days. Corporate insiders own 17.14% of the company’s stock.

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An institutional investor recently raised its position in Premier stock. The Manufacturers Life Insurance Company raised its position in Premier, Inc. (NASDAQ:PINC) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,373 shares of the company’s stock after buying an additional 315 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Premier were worth $157,000 at the end of the most recent 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.

Earnings History and Estimates for Premier (NASDAQ:PINC)

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