Equities research analysts predict that Premier, Inc. (NASDAQ:PINC) will post sales of $391.99 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Premier’s earnings. The lowest sales estimate is $384.62 million and the highest is $396.28 million. Premier posted sales of $358.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The firm is expected to report its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that Premier will report full year sales of $391.99 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.63 billion. For the next year, analysts forecast that the business will report sales of $1.72 billion per share, with estimates ranging from $1.66 billion to $1.77 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Premier.

Premier (NASDAQ:PINC) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.05). The company had revenue of $390.56 million for the quarter, compared to analyst estimates of $389.56 million. Premier had a negative return on equity of 18.31% and a net margin of 17.99%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share.

PINC has been the subject of several recent analyst reports. Robert W. Baird restated a “buy” rating and set a $35.00 target price on shares of Premier in a research note on Friday, November 10th. Zacks Investment Research upgraded Premier from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub cut Premier from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. William Blair restated an “ourperform” rating on shares of Premier in a research note on Tuesday, August 22nd. Finally, SunTrust Banks decreased their target price on Premier to $36.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $38.38.

In other news, COO Michael J. Alkire sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $29.90, for a total transaction of $747,500.00. Following the completion of the sale, the chief operating officer now owns 180,550 shares in the company, valued at $5,398,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.52% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. raised its stake in shares of Premier by 3.9% during the third quarter. Burgundy Asset Management Ltd. now owns 328,984 shares of the company’s stock worth $10,715,000 after purchasing an additional 12,384 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Premier by 17.3% during the third quarter. Sterling Capital Management LLC now owns 127,909 shares of the company’s stock worth $4,166,000 after acquiring an additional 18,834 shares during the period. Argent Capital Management LLC grew its holdings in Premier by 16.4% during the third quarter. Argent Capital Management LLC now owns 89,800 shares of the company’s stock worth $2,925,000 after acquiring an additional 12,650 shares during the period. California Public Employees Retirement System grew its holdings in Premier by 4.9% during the third quarter. California Public Employees Retirement System now owns 111,111 shares of the company’s stock worth $3,619,000 after acquiring an additional 5,211 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Premier during the third quarter worth $719,000. Institutional investors and hedge funds own 38.31% of the company’s stock.

Shares of Premier (PINC) opened at $28.91 on Wednesday. The firm has a market capitalization of $4,070.73, a P/E ratio of 16.30, a P/E/G ratio of 1.30 and a beta of 0.40. Premier has a 52 week low of $27.16 and a 52 week high of $36.50.

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Premier Company Profile

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.

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Earnings History and Estimates for Premier (NASDAQ:PINC)

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