Premier Inc (NASDAQ:PINC) – Equities researchers at William Blair raised their Q3 2018 EPS estimates for shares of Premier in a research report issued on Tuesday. William Blair analyst R. Daniels now anticipates that the company will post earnings per share of $0.59 for the quarter, up from their prior forecast of $0.50. William Blair currently has a “Outperform” rating on the stock.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Premier had a net margin of 14.14% and a negative return on equity of 19.94%. The business had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $393.35 million. During the same period last year, the company posted $0.46 EPS. The business’s revenue was up 14.8% on a year-over-year basis.

A number of other research firms have also recently commented on PINC. Robert W. Baird reaffirmed a “buy” rating and set a $35.00 price target on shares of Premier in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $38.00 target price on shares of Premier in a research report on Thursday. Benchmark assumed coverage on shares of Premier in a research report on Thursday. They set a “buy” rating and a $40.00 target price on the stock. Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a research report on Wednesday. Finally, BidaskClub raised shares of Premier from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.86.

Shares of Premier (NASDAQ:PINC) traded down $0.06 during trading hours on Thursday, hitting $31.22. 299,771 shares of the company’s stock were exchanged, compared to its average volume of 740,531. Premier has a 1-year low of $27.16 and a 1-year high of $36.50. The stock has a market cap of $4,411.24, a PE ratio of -9.60, a P/E/G ratio of 1.34 and a beta of 0.50. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of -0.01.

Hedge funds have recently added to or reduced their stakes in the company. Suntrust Banks Inc. purchased a new stake in shares of Premier in the 2nd quarter valued at $276,000. Allianz Asset Management GmbH acquired a new position in Premier during the third quarter worth $316,000. Vanguard Group Inc. raised its position in Premier by 7.4% during the second quarter. Vanguard Group Inc. now owns 4,345,748 shares of the company’s stock worth $156,447,000 after acquiring an additional 300,387 shares during the period. Reinhart Partners Inc. acquired a new position in Premier during the third quarter worth $1,727,000. Finally, Wells Fargo & Company MN raised its position in Premier by 101.5% during the third quarter. Wells Fargo & Company MN now owns 119,608 shares of the company’s stock worth $3,896,000 after acquiring an additional 60,257 shares during the period. 39.52% of the stock is currently owned by institutional investors and hedge funds.

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About Premier

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.

Earnings History and Estimates for Premier (NASDAQ:PINC)

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