Premier Inc (NASDAQ:PINC) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share estimates for shares of Premier in a research note issued on Thursday. SunTrust Banks analyst S. Draper now forecasts that the company will post earnings per share of $0.63 for the quarter, up from their prior forecast of $0.54. SunTrust Banks currently has a “Buy” rating and a $38.00 target price on the stock. SunTrust Banks also issued estimates for Premier’s Q4 2018 earnings at $0.62 EPS.

Several other equities research analysts have also recently weighed in on the company. Oppenheimer reissued a “buy” rating and set a $40.00 price objective on shares of Premier in a research note on Thursday, December 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $30.00 price objective on shares of Premier in a research note on Tuesday, December 19th. Evercore ISI started coverage on Premier in a research note on Thursday, January 18th. They set an “in-line” rating and a $33.50 price objective on the stock. Citigroup started coverage on Premier in a research note on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, Robert W. Baird reissued a “buy” rating and set a $35.00 price objective on shares of Premier in a research note on Friday, November 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.71.

Shares of Premier (NASDAQ PINC) traded down $0.55 during midday trading on Monday, reaching $31.20. The company’s stock had a trading volume of 1,622,700 shares, compared to its average volume of 781,407. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of -0.01. Premier has a 52 week low of $27.16 and a 52 week high of $36.50. The company has a market capitalization of $4,308.19, a PE ratio of 17.44, a P/E/G ratio of 1.26 and a beta of 0.50.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Premier by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after buying an additional 315 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Premier by 2.5% during the second quarter. Voya Investment Management LLC now owns 15,889 shares of the company’s stock valued at $572,000 after buying an additional 382 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Premier by 2.3% during the second quarter. Alliancebernstein L.P. now owns 32,057 shares of the company’s stock valued at $1,154,000 after buying an additional 708 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Premier by 1.0% during the second quarter. California State Teachers Retirement System now owns 93,550 shares of the company’s stock valued at $3,368,000 after buying an additional 888 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Premier by 30.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock valued at $173,000 after buying an additional 1,132 shares during the last quarter. 39.60% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Stephen R. D’arcy sold 3,967 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $31.72, for a total transaction of $125,833.24. Following the transaction, the director now owns 11,233 shares of the company’s stock, valued at $356,310.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 17.52% of the company’s stock.

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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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